The moment Summit County homeowners have long been bracing for has arrived: Property tax notices have hit their doorsteps. Driven by a surge in home values, property taxes rose for most Colorado homeowners in 2024,.
“People want to know when this is going to end,” Summit County Assessor Stephanie Poll said. “We’re following 2023 sales for next year and the first half of the year we’re still seeing average and median sales prices still increasing and those sales times are three months or less.”
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In what Summit County Assessor Lisa Eurich called a “historic year,” county residents have filed the most property valuation appeals in nearly 15 years. At 7,366 appeals, it’s the most protest from property owners seen.
The last time the Summit County Assessor’s Office saw as many property valuation appeals as it is now, the United States economy was in a tailspin. The Great Recession of 2008-09 marked the lowest point.