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Aggressive Tax Assessments

Writer's picture: Rich GribbonRich Gribbon

I've been getting a lot of calls and emails about recent property valuations. As you may have noticed, the valuations are aggressive. This is not surprising since during the study period for tracking values (January 1, 2013 - June 30, 2014), the median price of single family homes in the city of Boulder was up 22.8%, Louisville was up 28.4%, Lafayette was up 14.6%, Longmont was up 16.7% and Superior was up 13.9%. The new valuation is a starting point for calculating property taxes for the next two years. If you think your assessment is inaccurate, you have until June 1 to appeal. Take these steps first:


1) Make sure the assessor's objective information is accurate.

Check the square footage, number of bedrooms and bathrooms.  


2) Investigate comparable properties.

It's not uncommon for the assessor to base value on unsuitable comparable properties. If you think this may be the case, call me asap and I will assemble a better set of comps for you. 

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RICH GRIBBON

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