Reappraisal and Appeal Process
Odd-numbered years are re-appraisal years in the State of Colorado
Appraisals of property for property tax assessment purposes in Colorado will be updated to a new level of value in 2023. All real property is reviewed and new values are established for ad valorem taxation purposes. All Colorado County Assessors are required by law to perform analyses of local market conditions, and adjust their appraisals accordingly. The new level of value is based on the analysis of sales data (market approach) and the consideration of the cost and income approach for vacant land and commercial. The time frame of local transactions is a 48 month period of July 1, 2018 through June 30, 2022.
In addition to review by individual taxpayers and the County Board of Equalization, the Assessor’s values are subject to annual audit by the General Assembly’s Legislative Council. This process insures distribution of the property tax burden, fairly, uniformly, and as prescribed by law.
Assessor’s office staff have been conducting physical inspections, verifying terms of sales, rental rate inquiries, and other duties to identify changes in the status of individual properties. The staff has also measured value changes by property type, within each economic region.
We ask your cooperation in acquiring accurate real estate data used in our analysis, especially accurate reporting on the TD 1000 (transfer declaration). Each staff appraiser is a qualified professional and licensed appraiser by the state of Colorado . Our credentials vary from certified residential, licensed residential and Ad Valorem appraisers. We are striving to provide an answer to the same question, what is a property worth as of June 30, 2022, based on its condition and use on January 1, 2023.
Notices of Valuation will be mailed to all property owners on or before May 1, 2022. The notice will contain the prior actual value, the current actual value, and the net change. The notice will also state the applicable rate of assessment, (the Residential rate for 2023 currently adopted is 6.765%) and your rights to request a review of our appraisal.
The Colorado General Assembly sets the assessment rate. The Assessor’s Office has no control over tax rates. Mill levies are set each year by taxing authorities. The mill levy is the total percentage of each tax bill going to schools, fire districts, water and sanitation districts, library districts, governmental agencies, and other special districts that provide services to the area in which your property is located. Each tax district is different. Once the mill rates have been determined, and the Assessor’s Appraisal Staff has updated the property records, the data gathered is analyzed and an estimate of value for each parcel in Park County is assigned. An Abstract of Assessment is produced outlining the total assessed value of each category of property and each use within those categories.
The Assessor does not determine property tax amounts but we provide an estimate of probable 2023/2024 property tax amounts (payable in 2025). If voters approve new debt or increase tax rates in November, the estimates may understate actual tax amounts.
The telephone number listed below is a special telephone number that is only available during the appeal process for Real Property May 1 – June 8 of each year and for Personal Property from June 15 - June 30. This allows a voice mail option, if you wish to leave a message. We will return your calls as soon as is possible. If you wish to file an appeal, you can do so by using the search portion of our website to locate your property and then going to appeal. Please fill out the form as complete as possible and provided back up documentation.
Remember the statutory period to appeal the Assessor's valuation is May 1 through June 8.