Did you recently receive notice of the new tax valuation on your home?
Did your eyebrows pop out of the top of your head because the new valuation on your home was, oh I don't know, around $100,000 more than in the past?
Well, you are not alone! We feel your pain, and the good news is that there is a process in place for you to appeal if you feel your home has been wrongly re-valued. (Word to the wise, though...by appealing your tax valuation, you might be opening your property up to an even larger increase in value.)
Step One: Visit your county's assessor's office web site:
Jefferson:https://jeffco.us/assessor/appeals/
Douglas:http://www.douglas.co.us/assessor/appeals/
Step Two: complete the detailed information that is requested.
- You will need to provide comps that match your house. The websites above have adequate search capabilities to allow you to choose comps that justify a lower assessment.
- Select comps that are the same style and similar square footage.
- Pick comps that are not too old usually sales newer than three years are acceptable.
(If you're not sure, contact me, I would be happy to help!)
Step Three: Wait until mid to late August for the results of the appeal.
Keep in mindyou must file your protest byJune 1, 2015.
So get on it! It could save you some big bucks next year when you write your monthly mortgage check (if you have your property tax escrowed), or when you receive your bill to pay it all at once.
Best of luck! And if you have any questions on this process or would like some advice, please don't hesitate to call your favorite Live Urban Realtor!
Socials