As a Colorado homeowner, you are likely familiar with the annual tax assessment that determines your property taxes. While this tax is necessary to fund essential services and infrastructure, disputes can arise when homeowners feel that their tax assessment is inaccurate or unfair. In this article, we will outline the steps you need to take to dispute a tax assessment in Colorado.
The first step in disputing a tax assessment is gathering information. It's a good idea to reach out to a Realtor, such as Chris and Melissa Lombardo to research the assessed value of your home, and comparable sales data for similar homes in your area.
Next, you will need to determine if your assessed value is inaccurate. There are several reasons this could be the case, such as errors in the assessment process or changes to your property that were not taken into account. If you believe your assessed value is inaccurate, you will need to file a protest with your county assessor.
In Colorado, there are specific deadlines for filing a protest. You must file your protest no later than June 1st of the tax assessment year or within 30 days of the date your tax notice was mailed to you, whichever is later. It is important to file your protest on time to avoid losing the opportunity to dispute your tax assessment.
Once you have filed your protest, you can expect a hearing with the County Board of Equalization. This board is made up of local citizens who will review your case and make a decision based on the evidence presented. It is important to be prepared for this hearing by bringing any relevant documentation and evidence to support your case.
If the Board of Equalization does not rule in your favor, you may have the option to appeal their decision to the State Board of Assessment Appeals. This is a more formal process that typically requires the assistance of an attorney or other legal professional.
In conclusion, disputing a tax assessment in Colorado requires research, preparation, and timely action. By following the steps outlined above, you can increase your chances of successfully contesting an inaccurate tax assessment and potentially saving money on your property taxes. As always, it is recommended to consult with a licensed Colorado Realtor, such as Chris and Melissa Lombardo, for more information and guidance on this process.