Boulder County Property Assessments Are Up 13-27%
If you’re like many homeowners in Boulder County, you recently received a notice about your property’s increased value, which directly affects your property tax. After meeting with the Tax Assessor on the best strategy for appeal, I’ve created a comprehensive outline of what is required to appeal your assessment. Please contact me directly if you would like more personalized help submitting your appeal.
Building an Effective Appeal
What Can You Provide During An Appeal?
- Sales (Within 2 Year data collection timeframe, June 30, 2014-July 1, 2016) I AM HAPPY TO HELP YOU WITH THESE. PLEASE EMAIL OR PHONE ME.
- Estimates from contractors
- Cost to cure damage beyond typical wear & tear
- Photos of condition issues
- Fee Appraisal (Provided for a Purchase or a Refinance)
Methods of Appeal
- Mail in postcard appeal form by June 1 2017. SIMPLEST THING TO DO IS TO MAIL THIS IN and STATE “TOO HIGH” and SIGN YOUR NAME.
- Mail in full appeal form by June 1, 2017, download here:
When doing a full appeal, pull comparable properties that have sold preferably within June 30, 2014 – July 1, 2016. Find properties that have similar number of bedrooms, baths, finished square footage and land square footage and are in the same or similar neighborhood.
- E-appeal on internet by 11:59 pm June 1, 2017:
- Fax: 303-441-4996
- In person – County Courthouse at 1325 Pearl St. or at any remote appeals site:
The Boulder County Assessors Website has many tools for property owners, such as:
– Parcel Maps
-Qualified Sale Lists
-Helpful Forms & Handouts
-Tax Estimate Calculator
You can share 3 comps if you want to go to the next level of appeal. I am happy to pull those for you…..or you can pull from what data the County provided.
The good news is the assessment rate will be reduced from 7.96% to 7.2% which will make the current increase less than it might appear at first glance. However, taxes will still be more based on the new actual valuation.
There is a page on the county’s website with a calculator to help people see this:
So, if your old actual value is $800,000, the old assessment rate was 7.96%:
$800,000 x .0796= $63,680 assessed value
$63,680 x .074 (mill levy) = $4,712.32 taxes due
The new assessment rate is 7.20%, but actual value has increased approximately 26%.
If your new actual value is $1,000,000 :
$1,000,000 x .0720= $72,000 assessed value.
$72,000 x .074 = $5,328 taxes due
So, only a $616 difference.
I hope this helps you better understand your recent home assessment, and the implications it has for your property taxes. If you need help preparing your appeal, contact me and I’ll happily assist.