I checked the tax assessment for my Silverthorne home today on the county website and the assessor’s value has gone up about 18% in two years. My condo at Copper Mountain is up 17%. That means, if the mill levy is unchanged, that my property taxes will go up by the same percentage. Valuation notices will go out before May 1, and you will have until June 1 to protest them. As yet, we don’t know what the mill levy will be, so the taxes have not been determined. It is possible the mill levy will go down, but it may not either!
To find your new tax assessment on the Summit County website look on the left hand side under “Online Services” and click on “Real Property and Maps” or, to make it easier, just click here. Read the disclaimer and agree to it, then look on the right side and select the way you want to search for your property (name, address, etc). Find your property and see what your new valuation is.
The period used for determining the new tax assessment is January 1, 2005 to June 30, 2006, so you don’t want to use your neighbor’s sale last month as a comparable sale. The assessor’s office has the sales that were actually used to calculate your valuation online. I can’t give you a link directly to it as you also have to agree to a disclaimer. Look in the upper right hand corner of the assessor’s page and you will see the words “Reappraisal Sales Lists”. Click on that, agree to the disclaimer, and surf away. I anticipate that we will get a lot of calls (we always do) when the new valuations come out. I will be happy to provide you with the comparable sales if you have trouble finding them online. Be aware of the deadline of June 1, 2007 if you plan to appeal your assessment.