Understanding the Legal Process of Property Tax Appeals in Colorado

Property tax appeals can be a complex but essential process for homeowners and property owners in Colorado. Understanding how this legal process works is crucial for anyone looking to contest their property tax assessment and potentially reduce their tax burden. This article explains the steps involved in filing a property tax appeal in Colorado and provides insightful tips to navigate the system effectively.

1. Know Your Property's Value

Before initiating a property tax appeal, it’s important to understand your property's assessed value. In Colorado, property taxes are based on the county assessor's determined valuation of your property. You can find this information on your county assessor’s website or through your property tax statement. If you believe that your property's assessed value is too high compared to similar properties in your area, it may be time to consider an appeal.

2. Gather Comparables

Compiling data on comparable properties (commonly referred to as "comps") is crucial in supporting your appeal. Look for recently sold properties that are similar in size, location, and condition to yours. More precise and relevant data will strengthen your case and provide a compelling argument to the assessor’s office.

3. Review the Assessment Notice

Each year, Colorado homeowners receive an assessment notice in the mail, usually in May. Review this notice thoroughly, paying attention to the assessed value, property tax rates, and any other relevant information. If there are inaccuracies in property descriptions, such as square footage or number of bathrooms, gather evidence to support your claims.

4. File Your Appeal

In Colorado, the deadline to file a property tax appeal is typically June 1st of the assessment year. The appeal must be filed with your county’s Board of Equalization (BOE). You can often find the necessary forms online on your county assessor’s website. Ensure that all required documentation, including evidence of incorrect assessments, is submitted.

5. Attend the Hearing

If your appeal is accepted, the BOE will schedule a hearing where you can present your case. It’s advisable to prepare thoroughly for this hearing. Organize your findings, including photographs of your property, comparable properties, and any expert evaluations. Being well-prepared improves your chances of a successful appeal.

6. Await the Decision

After the hearing, the BOE will issue a decision, which you will receive by mail. If the decision is in your favor, adjustments will be made to your property’s assessed value, reflecting a potential reduction in your property taxes. If you are not satisfied with the outcome, you have the right to appeal to the Colorado State Board of Assessment Appeals or district court, depending on the specifics of your case.

7. Understanding Additional Resources

Many local organizations and law firms specialize in property tax appeals and can provide assistance throughout the process. These professionals can help evaluate your property's assessed value, gather comparables, and present your case effectively at the hearing. Consulting with an expert can save you time and increase your likelihood of a favorable outcome.

Conclusion

Navigating the legal process of property tax appeals in Colorado requires careful preparation and an understanding of your rights. By knowing your property’s assessed value, gathering the right data, and following the appropriate procedures, you can effectively contest your property taxes. Stay informed and proactive to ensure that you are not overpaying on your property taxes.