Denver Real Estate Blog

Protesting Your Colorado Property Tax Assessment

A protest is an opportunity to prove that your property’s estimated value is either inaccurate or unfair. Reasons for a protest might include:

1. Items that affect value are incorrect on your property record. You have an unfinished basement, not finished. You have a carport, not a garage. Your home has 1,600, not 2,000 square feet.
2. The estimated market value is too high. You have evidence that similar properties have sold for less than the estimated market value of your property.
3. If the assessor’s record of acreage or square footage of land is incorrect, a protest should be filed.

How Much Can You Save?

Keep in mind that the any reduction in value achieved now will apply to your property taxes for 2 years. Therefore, the calculation of total tax savings should be considered over a two year period. Depending upon the property and where you live this savings could amount to thousands of dollars.

Is your property over-valued by your County Assessor? You need the appropriate data to determine if the value assigned to your property is reasonable.

Peak Appraisals can help you with a Preliminary Opinion of Value service which can help homeowners determine if it is cost effective to pursue a protest by preparing a market analysis as a basis for determining the reasonableness of the “Current Year Actual Value” assigned by your County Assessors office.

If you determine it is feasible to pursue an appeal, We suggest you talk to them about ordering a a Tax Protest Appraisal. A Tax Protest Appraisal will include a Summary Appraisal Report that utilizes the most accurate valuation methodologies available.

The protest report will consist of a Summary Appraisal Report that is intended to comply with the reporting requirements set forth under Standards Rule 2(b) of the Uniform Standards of Professional Appraisal Practice (USPAP). Remember that you must submit your tax protest to the County Assessors office by June 1 of each year. So don’t delay. Don’t Delay! Check with your individual County Assessor, most have forms you can download off the internet.

If you want to file a protest, You Must Act Quickly! If your protest is not postmarked and mailed to the county by June 1st (or hand delivered in person by June 1,st ), you lose your right to protest your assessed valuation for that calendar year. In past years, I have seen many clients experience success in reducing their tax obligations by reducing their tax liability.

Appraisal Resource

Robin M. Schellman - Founder

Peak Appraisals is an experienced provider of real estate valuations for the mortgage-lending marketplace. Peak Appraisals specialize in residential appraisals servicing the Denver Metro Area including the counties of: Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver, El Paso, Elbert, Jefferson, Larimer, Park, and Weld Counties. Peak Appraisels can be contacted at 720-217-7084 or visit them on-line at http://www.peakappraisals.net/

Robin founded Peak Appraisals in 2001, and is responsible for the overall execution of Peak Appraisals business strategy. Coming from a family full of business owners, she feels very blessed with this opportunity to be a business owner herself. She has brought many years of business experience to Peak Appraisals since working in a family business starting at a young age. A Colorado native, she holds a degree from Colorado State University.

Rental Resource

A Colorado Rental Property Resource for both landlords and tenants can be found at http://www.coloradorentalproperty.net . Online land lords can post detailed information regarding their rental property, including 5 color photos. The ad can be self directed by the landlord to their cell phone or property management company. This is a service provided FREE by RealEstateColorado.Net and the ad will remain on line until it is asked to be removed.

REAL ESTATE

If you would like additional information about the Denver Real Estate area in Denver Colorado as well as anywhere in Denver Metro Area contact us at 1-800-791-3990 ext 232.

Jeffery McClintock, is a real estate broker in Denver and prides himself on providing clients with professional guidance in all phases of residential new construction, including market research, product development, consulting, marketing and advertising. His personal mission is to bring to you a level of knowledge, experience, commitment, high standards and results to answer your real estate needs. He believes, the most effective way to provide superior service is to build a strong working relationship with you. His system includes regular consultations and feedback, which is the best tool for identifying and clarifying your real estate objectives and help define strategic solutions.

Jeffery has been a licensed Realtor since 1995. During this time he has successfully closed over 135 million dollars of residential real estate, and 40 million dollars in un-improved land amounting to 660 individual real estate transactions. His professional experience includes the Denver Colorado front range and the Second Home market in Breckenridge, Colorado located in Summit County.