Plan to cut property tax in half for Coloradans on the table for voters to decide krdo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from krdo.com Daily Mail and Mail on Sunday newspapers.
The hot real estate market has some buyers and sellers trying to save money by skipping out on hiring a realtor. Unfortunately, not having extensive knowledge of the proper documentation required and formatting of a deed ended up costing one homeowner a lot more trouble than he envisioned.
The value of agricultural land increased by 23.4% from approximately $26.8 million to approximately $33.2 million.
Commercial and industrial land value increased by a modest 1.5%, a growth rate much slower than the 6.7% growth that property type experienced from the last valuation. The value of that type of land in the county is approximately $591 million.
Finally, residential property saw an increase of 25.4% from $734.2 million to $920.9 million.
Casey Edwards, the president of the Pueblo Association of Realtors, said that the valuation increases match what he sees in the local and statewide real estate market with an increase in home prices and multiple offers per property. He said he wouldn’t be surprised if the increase was higher than the number from the assessor’s office.