Attention homeowners, it’s property assessment time!
As a real estate professional, I want to remind you that you should have already received or will soon be receiving in the mail your property value assessment for the past two years. This assessment is a reflection of the current value of your home based on the difference in price between June 2020 and June 2022. As we all know, property values have been on the rise over that period of time.
It’s important to note that the county will be sending the new assessment to your mortgage servicer, and they will likely be adjusting your escrow account for the higher assessment to ensure that there is enough money to pay the tax bill when it comes due in February and June of 2024.
If you feel that your home value is not correct, you have the option to appeal the assessment. However, it’s important to follow certain guidelines as outlined by the county assessors. The biggest thing to keep in mind is that you must use comparable properties that sold during that assessment period only. Many county websites allow you to pull comps for your property for the appeal process. Please visit your county website to learn more about the appeal process, and to access the necessary forms.
The appeal process began on May 1st and will continue through June 8th. If you have any questions about the assessment or the appeal process, feel free to reach out to me. As a real estate professional, I’m here to help you navigate the process and ensure that you receive a fair assessment of your property value.
Douglas County: https://www.douglas.co.us/assessor/appeals/assessor-level-appeals/
El Paso County: https://assessor.elpasoco.com/appeals-process-notice-valuation/
Denver County: https://cdola.colorado.gov/assessment-appeals
Arapahoe County: https://www.arapahoegov.com/assessor
Elbert County: https://www.elbertcounty-co.gov/264/Assessor
Broomfield County: https://www.broomfield.org/4013/Appeal-Information
Jefferson County: https://www.jeffco.us/658/Assessor
Adams County: https://adcogov.org/assessor
Weld County: https://www.weld.gov/Government/Departments/Assessor