2021 Tax Appeal Comparable Sales are available!
Call or text Keith Hurtubise 303-808-8202.
.YOU HAVE THE RIGHT TO PROTEST YOUR REAL PROPERTY VALUE OR ITS CLASSIFICATION
In Colorado, the County Assessor must re-value property in every odd numbered year. All metro counties are similar but check your mailed assessment to be sure.
As of May 1st, all Colorado counties issued new property valuations for the 2021/2021 tax cycle. Some properties will see significant increases. I recommend that Small Income Property owners review their valuations with comparable sales for the dates allowed by the counties in order to lower their tax burden.
If you disagree with the “current year actual value” or the classification determined for your property, you may file a protest by mail or in person with the County Assessor.
You must protest to the Assessor either by mail or in person no later than June 1st in order to preserve this right.
Opportunity for 2-4 Unit Owners – Review the Comparable Sales.
After receiving the Notice of Value, which is to be mailed out no later than May 1st, the Owner should compare the re-evaluation to the list of comparable sales from the proper time frame.
Make sure the Assessor is using like-kind properties for comparison. Duplex for Duplex – Triplex for Triplex – Fourplex for Fourplex! Using a newer and higher priced Single-Family Home as a comparable has been a basis for an appeal to a lower assessment.
This offers the opportunity for 2 to 4-unit income property owners to protest their assessment and lower the tax amount. Lower taxes and expenses increase the Cash Flow and Net Operating Income which in turn adds value to the property.
In the past, I helped a Jefferson County duplex owner Protest his assessment. We were able to get the duplex assessment reduced $78,830 with info obtained from my comparable sales report!
If you find a discrepancy, follow the directions with the Notice or from your county’s website to appeal. It is best to do it in person, as quickly as possible and to always stick with the process to the end.
Below is an explanation “What to Expect After You Appeal” from the Jefferson County Assessor website;
If you appeal, we will mail you a Notice of Determination by the last working day in August. This notice will show the adjustment to value, if any, made by the Assessor’s Office and explain how to appeal to the County Board of Equalization (County Commissioners) if you are still dissatisfied. The appeal to the County Board of Equalization (CBOE) must be filed by September 15. The CBOE meets July through October. They must conclude their hearings by November 1 and notify petitioners of their decision within five working days.
If you wish to appeal a decision of the CBOE, you must do so within 30 days of their decision. Your options are described on their response to you.
To get started, use the 2021 TAX APPEAL LINKS at the BOTTOM of the page to get to the 2-4 unit comparable sales of the County of your property. Peruse the SOLDS to see if you have a reason to appeal! If you do, follow the county’s instruction. If you have any questions, feel free to contact Keith.
COMPARABLE SALES LISTS ARE COMPILED FROM LOCAL MLS DATA, WHILE RELIABLE THEY ARE NOT COMPLETE NOR GUARANTEED FOR ACCURACY. WHEN PICKING COMPARABLE SALES TO PROTEST VALUATION ALWAYS INDEPENDENTLY RESEARCH EACH SALE FOR ACCURACY.
Keith Hurtubise RE/MAX 100 Inc. 303-808-8202 keithabees@gmail.com