Be prepared for sticker shock with your 2021 property tax assessment no matter where you live in Colorado
TELLER COUNTY – Homeowners who just received their 2021 property tax assessments might be surprised to see their values have jumped five or even six digits from 18 months ago.
It is a sign that the magnet that attracts people to move to our state is not just directed to the big cities.
Ask any real estate agent, they’ll tell you this old saying.
“It’s all about the location,” said Woodland Park-based real estate agent Bernie Vayle. “Location, location, location.”
Mostly in Colorado.
“People want to be in Colorado, people can be in Colorado,” real estate agent Jason Roshek said.
For turnkey county houses, things are only going one way.
“Prices are going up dramatically,” Vayle said.
But for homeowners who haven’t shopped in the market for a while –
“They’re going to have a surprise,” Vayle said.
– Their newly published property tax assessments may come with a sticker shock.
“My personal house… I think it went up by $ 100,000,” Roshek said.
High five-digit increases from the previous valuation of 18 months ago are the new normal.
“Historically, in Teller County, we are enjoying five percent a year,” Vayle said. “In recent years it’s been a lot higher than that, so 30 to 50 percent is not at all exaggerated.”
But this increase still isn’t right for you, so there might be some steps you can take to keep your property taxes as low as possible.
“If we feel it’s legitimate, we’re more than happy to help them protest their values,” Vayle said.
“You can get an assessment… who can do it. You can ask a realtor to do it and they can send you comps, ”Roshek said.
It is not a safe bet in all cases.
“Sometimes these valued values aren’t even worth protesting, because statistically they’re right,” Vayle said.
But if you decide it’s worth protesting, there is a very important date to keep in mind.
“It must bear the authentic postmark on June 1,” Roshek said.
Vayle offers her services through her brokerage Coldwell Banker First Choice, and Roshek offers her services through her brokerage, Jason Roshek and Partners.