Natasha Lovato / NewsBreak Denver
(Douglas County, Colo.) Property owners’ wallets are about to feel lighter now that reappraisal notices made their way to DougCo residents.
After the Douglas County Assessor’s reappraisal, which reflected property sales from July 1, 2020, through June 30, 2022, most DougCo homeowners will see increased property taxes.
No matter what each homeowner’s property tax reappraisal looks like, everyone has the right to file an appeal.
In Colorado, odd-numbered years are reappraisal years. In a process defined by state law and implemented by county assessors, all property is reviewed, and new values are established for taxation purposes.
Earlier this month, all DougCo property owners were sent a Notice of Valuation for which property taxes will be owed in early 2024.
In the previous years, property sales skyrocketed, and now the evaluations reflect the craziness of the 2020-2022 housing market, meaning property taxes increased for some DougCo residents by thousands of dollars monthly.
Gov. Jared Polis and legislators have shared a proposed change that, if adopted by lawmakers and voters come to the November election, the relief plan would reduce the taxable value of residences by $40,000 in 2023 and 2024 and would continue for primary homes in future years as well.
“This proposal will cut the average homeowners' tax increase in half and deliver long-term relief to protect people, especially seniors on a fixed income, from being priced out of their homes,” Polis said.
“I appreciate the legislature's partnership to provide real relief on property taxes and save Coloradans money.”
While tax relief is pending, DougCo residents can file their appeal online, in person, or through the mail.
The deadline to appeal is June 8.
For more information on this year’s assessment, residents can join virtually at the Live Town Hall at 6 p.m. on May 24.
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