How to Appeal Your Real Property or Business Personal Property Valuation
|If a property owner believes that his or her real property has been incorrectly valued by the Assessor, the Tax Year 2017assessment may be appealed between May 1 and June 1, 2017. For personal property, the appeal period lasts from June 15 to June 30, 2017. Please note that this process may not be used to appeal a value of a property for any Tax Year prior to Tax Year 2017.
How to Appeal an Assessment
To appeal an assessment, you should explain why you believe the value is incorrect, as well as what you believe to be the correct value. By comparing your property to other similar properties that sold, you can determine whether or not your property has been fairly valued. The following is a list of resources that might aid in building a convincing case.
For purposes of Tax Year 2017 and 2018 property valuations, Colorado Law (and two published Colorado Court Cases) prohibits the Assessor from considering any property sales occurring after June 30, 2016.
What to Expect After You Appeal
If you request it as part of your appeal, we will make every effort to visit your property as part of our review. This will enable us to verify that we have correct and current information about your property, including size, amenities and interior finish.
If you appeal, we will mail you a response by the last working day in June for real property appeals; July 10th for personal property appeals. The response will 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 July 15th for real property appeals; July 20th for personal property appeals. The CBOE meets in July or early August. They must conclude their hearings by August 5th 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 in their response to you.
In 2018, the intervening year of Colorado’s two year re-appraisal cycle, your Notice of Valuation is included in your Property Tax Notice, and the value listed on your property tax notice would be the value of your property for 2018 unless there is a change in value for your property. If there is a change in value on your property, then you would receive a Notice of Value the first of May.