Every two years, the Colorado County Assessors are required, by law, to re-value all property. Soon after May 1st you should receive your 2015 Notice of Valuation on any property you own in Colorado. This notice reflects the change in the market value of your property from the previous appraisal date of June 30, 2012 to the new appraisal date of June 30, 2014, based upon what existed on the property as of January 1, 2015. The actual value of your property is determined by analysis of sales data derived from the market place during the 24 months prior to June 30, 2014. The assessor will be updating property values based on properties that sold in your area between July 1, 2012 and June 30, 2014. When you receive your notice, you will have an opportunity to appeal the assessors valuation if you do not think it is reasonable. If the valuation is excessive, you should appeal, using the forms & process provided by the assessor. Details of how to appeal and deadline dates will be on the Notice of Valuation you receive and are on your County Assessor Website.
Please contact any of the Boulder Property Network Team members if you have questions or need help in evaluating your new property assessment. We are always here to help you!