If you are a homeowner looking at your property’s recent notice of value and thinking “there’s no way I could have sold my house for that last spring,” consider filing an appeal.
According to Colorado state law, odd-numbered years are reappraisal years. In a process defined by state law and implemented by county assessors, all real property is reviewed, and new values are established for taxation purposes.
In May of reassessment years, all property owners are sent a Notice of Valuation (NOV). The purpose of the NOV is to inform you of any increase or decrease in your property valuation and advise you of your right to appeal the new value. This year, these notices reflect Real Property values established as of June 30, 2022 – for which property taxes will be owed in early 2024.
There are three ways to appeal – online, in person, or via mail. Watch this video for step-by-step instructions to appeal online, including how to access comparable properties.