Did you know the value of your property according to the County Assessor is not the value of your property today?
Property owners up and down the Front Range recently received a postcard from their local County Assessor’s office with their new valuation.
Colorado properties are reappraised every two years on odd years. The updated valuations determine how much property tax is paid.
Each County has their own unique processes and models for valuation, however…
All Counties must only consider comparable properties that sold between July 1, 2018 and June 30, 2020.
The value on your postcard is what your County thinks your property was worth almost a year ago.
As you are likely aware, the market today is significantly different than it was 11 months ago. It’s actually quite different than it was 11 weeks ago!
The postcards with the new valuations tend to prompt very reasonable questions like:
What do I do if I don’t agree with the Assessor?
What is my property really worth?
I am happy to help you with either of these questions.
I am well-versed in the tax protest process, can help you research comparable properties and can also show you what your home is worth today.
The deadline to protest your value is June 1st.