As a homeowner in Colorado, you may have received, or will soon receive a notice from the County Assessor's office with your new tax valuation and a likely tax increase. Due to the rapid rise in real estate values since the last valuation in 2021, the new valuation may come as a bit of a shock.

It's important to know that Colorado law requires a new valuation every two years to ensure that property taxes remain current with the cost of living. Property taxes fund a variety of essential services, from schools and roads to government operations, infrastructure, libraries, snow removal, police, and fire.

As part of my real estate service to your household, I would be happy to provide you with an estimated value of your home using CMAs, in the same manner I would if we were listing your home. This could give you insight into if the valuation provided by the county assessor's office is materially accurate. While your county assessor uses an automated system, there may be aspects of property type, age, and location that influence the value. If you wish to appeal your valuation, you must do so by June 8^th, 2023.

Additionally, this is a good time to see if you or someone you know meets the criteria for property tax exemption for seniors or disabled veterans. Please don't hesitate to reach out with any questions.