![]() ![]() Further detail is provided on the Appeals page. Several options are available for filing appeals. Owners may appeal their property's valuation to the Assessor starting May 1st to June 8th. If you disagree with the Assessor's estimate of value, you have the opportunity to appeal and provide evidence as to your opinion of the value. Deductions for senior exemptions, voter initiatives passed in elections later in the tax year, or value reductions per HB22-238 are NOT included. The NOV postcard reflects your property's Actual Value. Notice of Valuation (NOV) postcards are mailed May 1 st and are available online through the Notice of Valuation Archive Search. We cannot consider sales or market influences that occurred after June 30 th, 2022.Īssessor's Offices utilize mass appraisal methodologies and the market approach to value (for residential properties) in determining your Real Property Valuation. In the case of the 2023 reappraisal, transactions that occurred between July 1 st, 2017, and June 30 th, 2022, were used for analysis. In other words, we are not allowed to adjust values up or down by a percentage, but instead, have to analyze sales from a specific data collection period. Every reappraisal, we disregard the old valuations and start from scratch using sales data collected from the appraisal date of June 30 th, 2022 and back five years, for residential properties. The appraisal date for the 2023 reappraisal is June 30 th, 2022. Whether you own property in Summit County or somewhere else in Colorado, 2023 is a reappraisal year.Ĭolorado law requires Assessors statewide to revalue all real estate in their respective counties as of a specific appraisal date. All of Colorado’s 64 counties, including Summit County, voluntarily collaborated with the Colorado Assessors Association, and the Colorado Demographers Office in the Department of Local Affairs Division of Property Taxation to create the map, which can be accessed at. ![]() Please explore the Assessor's website fully as we have tried to include as much information as possible about legislative impacts to value, and ultimately, taxes.Īdditionally, a new statewide property value change map for Colorado Counties can now be accessed online showing new value increases or decreases for the 2023 assessment year. Nor does it include any reductions for senior or veteran exemptions. Your property’s valuation on the NOV reflects Actual Value and classification as required statutorily. The market is adjusting now, but this will not be reflected in the 2023 assessment. The perfect storm of low housing supply and high market demand that ensued after the COVID-19 pandemic caused property values to escalate at an unprecedented rate. As your County Assessor, I am required by Colorado Statute to appraise property every odd number year to the value the property had on June 30 th of the preceding year. ![]()
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