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Aspen Skiing Co. is getting a healthy dose of tax relief after a state board ruled that the Pitkin County Assessor’s Office overvalued three of its major properties in 2009.

As a result of the decisions by the Colorado Board of Assessment Appeals, Skico overpaid property taxes by a cumulative amount of $401,858 for the 2009 and 2010 tax years, according to the Pitkin County Treasurer’s Office.

The various taxing districts that collect revenues from Skico won’t have to issue refunds, according to Pitkin County Treasurer Tom Oken. Instead, they will credit Skico the overpaid amounts on the 2011 taxes that will be paid in 2012, he said.

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