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As your Eagle County assessor, I and my staff are required by Colorado statutes to reappraise property every two years in the odd-numbered years.
Mark Chapin
2021 is a re-assessment year. The property valuations which our office sent out May 3 reflect the property value as of June 30, 2020, calculated on the basis of the period from July 1, 2018 through June 30, 2020. It is important to note that the boom in real estate sales across all resort areas in Colorado was just beginning in June 2020. As a result, property owners can expect to see an increase in valuations, but not nearly as much as sales prices have increased since July 1, 2020.
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Eagle County’s property value notices have been mailed out. Values went up, for the most part, but won’t reflect the run-up in prices the county’s seen since the summer of 2020.
In Colorado, county assessors’ offices every two years determine the value of all taxable property. That valuation is based on sales of comparable properties. According to state law, months of research into values is distilled to a “snapshot” of values as of June 30. Taxing districts from schools to towns to cemetery districts then use those values to determine their mill levies, which set the tax rate.