Garfield & Hecht, P.C
WHAT PROPERTY OWNERS NEED TO KNOW ABOUT 2017 ASSESSED VALUATION NOTICES
Colorado County Assessors reassessed the value of each parcel of real property on January 1, 2017. The revaluation is based on data from the 18-month period that begins 2 years before, and ends 6 months before, the assessment date (i.e., January 1, 2015 through June 30, 2016). For high-value properties, a significant increase in assessed valuation can result in a significant increase in real estate taxes.
After reassessing the value of a real estate parcel, the County Assessor is required to give a written notice of valuation to the parcel’s owner on or before May 1, 2017. If unsatisfied with the newly assessed value, the owner, or the owner’s attorney or other representative, may protest the valuation by giving written notice to the County Assessor before June 1, 2017. After giving notice, the owner may meet with the County Assessor and present arguments regarding why the valuation is incorrect.
If the County Assessor refuses to change the parcel’s valuation after considering the owner’s arguments or if the change does not meet the owner’s expectations, the owner may appeal the valuation to the County Board of Equalization. The owner may present additional evidence to the County Board of Equalization, which then determines whether to amend the valuation. If the owner is not satisfied with the determination of the County Board of Equalization, the owner may seek further relief by filing an appeal with the Colorado Board of Assessment Appeals, demanding binding arbitration with a private arbiter, or filing a lawsuit with the Colorado District Court in the county where the parcel is located.
Garfield & Hecht’s attorneys have extensive experience protesting and appealing tax valuations in many Western-Slope counties, including Eagle, Garfield, and Pitkin Counties. If you feel that the County Assessor has incorrectly valued your real property, our attorneys can assist with the protest and appeal process.
For more information on the firm’s property tax protest, appeal and abatement practice, please contact in our Aspen office at 625 E. Hyman Ave., Suite 201 Aspen, CO 81611, Avery S. Nelson at 970-925-1936 and moc.t1580306536hcehd1580306536leifr1580306536ag@no1580306536slena1580306536 (Pitkin County); in our Avon office at 0070 Benchmark Rd., Avon, CO 81620, Kursten Canada at 970-949-0707 and, moc.t1580306536hcehd1580306536leifr1580306536ag@ad1580306536anack1580306536 (Eagle County), or Jason Buckley at 970-949-0707 and moc.t1580306536hcehd1580306536leifr1580306536ag@ye1580306536lkcub1580306536j1580306536 (Eagle County); in our Glenwood Springs office at 901 Grand Ave., Suite 201, Glenwood Springs, CO 81611, Haley Carmer at 970-925-1936 and moc.t1580306536hcehd1580306536leifr1580306536ag@re1580306536mrach1580306536 (Garfield County).