It's that time of year again, when counties send reassessment notices to property owners to update the change in real estate values. The assessors reach back 18 or 24 months (depending on your county) for sales data to determine new assessed values that your property taxes will be based on. 

With the frenzied real estate market we've experienced recently, you can expect your assessment to rise by 20% or more. Your assessment notice will explain the process to contest your new valuation, but the county will undoubtedly have plenty of data to support their figure if it's up to 20% higher than the old valuation. In fact, the Colorado state economic forecast is for assessments to increase 26.5% statewide.

If you suspect your new assessment is too high, first check to be sure your property info is correct (bedrooms, baths, sq. ft., etc.). If not, this is your strongest grounds to appeal the assessment.

If you DO decide to challenge your new assessment, we can't represent you in the process, but we CAN provide comparable sales that may help your case. Don't hesitate to call, text or email if you think we can assist.