In much of the south Denver metro area, the disputes that property owners filed with their county officials over whether their property values should be lowered for tax purposes has outstripped recent years by thousands of filings.
In much of the south Denver metro area, the disputes that property owners filed with their county officials over whether their property values should be lowered for tax purposes has outstripped recent years by thousands of filings.
Homeowners around the Denver metro area checked a notice from their county assessors this spring and saw that their home value as calculated for property tax purposes had jumped by shocking amounts.
Families may still be reeling from the new property values they received weeks ago from their county assessor’s offices, but what they pay in property taxes may end up looking different in the end, depending on a number of moving puzzle pieces that include actions at the local and state levels.
Colorado’s county property assessors calculated unprecedented gains in home values and mailed notices to homeowners earlier this month. Median increases in residential properties, calculated every two years, shot up between 30% to nearly 50% across metro Denver..