Property Valuation

Property Valuation

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Notice of Valuation

Continuing the efforts of Mark Chapin, Assessor, to ensure that Eagle County’s tax payer dollars are spent in the most effective and conscientious manner, we have chosen to use an economical postcard format for our Notices of Valuation. In order to save postage and printing costs, the postcards will outline basic property information, i.e. owner name, property location and value change.

Review your property’s account information, including an itemized listing of land and improvements, including property characteristics, through our Property Record Search site.

If you need additional assistance, please contact the Assessor’s Office at 970-328-8640 or 800-225-6136. Property Owner Rights and Responsibilities.

As a property owner and taxpayer, you have specific rights, remedies, and responsibilities in the assessment process. You have the right to examine the Assessor’s property records. If you disagree with your property value, you may file an appeal with the Assessor. You have the responsibility to provide accurate information to the Assessor about property you own, and to participate in budget hearings held by school boards, cities, towns, and special districts which levy taxes on your property.

2023 Notice of Valuation - Reappraisal Year (odd-numbered years)

Colorado law requires a two year reassessment cycle for all property. 2023 is the first, or reappraisal year of the current two year cycle. For most property, the valuation for assessment for the 2024 tax year will be the same as it was for 2023. The Assessor is required to notify you of your value each year for real property. The notice describes the property you own, gives the actual value for both the prior and current year, and provides an opportunity for you to present your objection to the Assessor. Notices are mailed May 1.

When you receive a Notice of Valuation, study it carefully! The deadlines for appeal are statutorily driven. If you feel the value the Assessor has placed on your property is incorrect, you may wish to inspect the Assessor’s records on your property and other properties. Records on land and buildings are public information, and you have the right to examine them. You have the right to appeal your value each year. May through June 8 of each year is set aside for the Assessor's Office to hear appeals on property valuation.

The appraisal data used to establish real property value was from the 24-month period ending June 30, 2022. If data is insufficient during this time period, assessors may use data from the five-year period ending June 30, 2022.

Your property was valued as it existed on January 1 of the current year. The "current year actual value" represents the actual value of your property. The tax notice you receive next January will be based on this value.

2024 Notice of Valuation - Intervening Year (even-numbered years)

For those properties not changing in value during the intervening year, the value listed on your tax bill received in January is the Assessor's notification of value for the coming year.

During intervening (even numbered years), only those real properties that change in value from the previous year will receive a Notice of Valuation. The notice describes the property you own, gives the actual value for both the prior and current year, and provides an opportunity for you to present your appeal to the Assessor. If you receive a Notice of Valuation, study it carefully! The deadlines for appeal are statutorily driven. If you feel the value the Assessor has placed on your property is incorrect, you may wish to inspect the Assessor’s records on your property and other properties. Records on land and buildings are public information, and you have the right to examine them. Notices are mailed May 1.

Appealing Your Assessment

If you feel the value the Assessor has placed on your property is incorrect, you may wish to file an appeal. Step-by-step procedures for filing an appeal are located in the Appeals area of this website.


Property Valuation-Reappraisal Year

Colorado law requires a two year reassessment cycle for all property. 2023 is the first, or reappraisal year of the current two year cycle. For most property, the valuation for assessment for the 2024 tax year will be the same as it was for 2023. The Assessor is required to notify you of your value each year for real property. The notice describes the property you own, gives the actual value for both the prior and current year, and provides an opportunity for you to present your objection to the Assessor. Notices are mailed out the first week of May.

Continuing the efforts of the Assessor's Office to ensure that Eagle County's taxpayer dollars are spent in the most effective and conscientious manner, we have chosen to use an economical postcard format for our Notices of Valuation. In order to save postage and printing costs, the postcards will outline basic property information, i.e., owner name, property location and value change. The deadlines for appeal are statutorily driven. If you feel the value the Assessor has placed on your property is incorrect, you may wish to inspect the Assessor’s records on your property and other properties. Records on land and buildings are public information, and you have the right to examine them. You have the right to appeal your value each year. May through June 8 of each year is set aside for the Assessor's Office to hear appeals on property valuation.

The appraisal data used to establish real property value was from the 24-month period ending June 30, 2022. If data is insufficient during this time period, assessors may use data from the five-year period ending June 30, 2022.

Your property was valued as it existed on January 1 of the current year. The "current year actual value" represents the actual value of your property. The tax notice you receive next January will be based on this value.

An assessment percentage will be applied to the actual value of your property before property taxes are calculated.

For tax year 2023, the assessment rate for residences is 6.70%, renewable energy & agricultural property 26.4%. Generally, all other property (including commercial/industrial and vacant land) are assessed at 27.90%. 39-1-104 C.R.S.

Property taxes are determined by multiplying the total actual value times the appropriate assessment rate (6.70%, 26.4% or 27.90%), to determine the assessed or taxable value. The assessed value is multiplied by the aggregate total mill levy for the property's tax area to determine total property tax amounts.

The formula for approximating your tax bill amount is as follows:

assessed value x mill levy = taxes due

When you receive a Notice of Valuation this year, study it carefully. Visit our website to check the elements of your property such as land size, square footage, bedroom and bathroom counts to make sure that Assessor's Office records are correct. If you see inaccuracies or feel that the value placed on your property is incorrect, you have the right to appeal.

If you are questioning your tax amount or tax rates, please contact the specific taxing entities to communicate your concerns.
In accordance with Colorado law, beginning May 1, 2023, the Assessor’s Office will accept appeals of the valuation or classification of property until June 8, 2023. If you believe you may be ill, please do not visit our office in person. We urge you to submit real property appeals online. If unable to submit online, or in person, you may use USPS, FedEx, UPS, or fax. For an appeal to be successful, the owner should provide an appraisal dated in the six months prior to June 30, 2022, evidence of details of sales from the subject or comparable properties, or information correcting the details of the property that the Assessor may not know. A follow-up inspection of the property may be necessary.

To appeal the value of a property, the person appealing must be either the owner of record, an attorney, or an assigned agent for the owner. Examples of assigned agents are: relatives, tax consultants, presidents of corporations and managers or presidents of condominium associations. If you are appealing property as an assigned agent, please fill out a Letter of Agency and have it signed by the owner of the property. If the property is owned by a corporation or company, please fill out a Corporate Letter of Agency.

Property Comparison Tool

The purpose of this tool is to find market sales transactions to compare with the assigned actual value of a subject property. Although there may never be a perfect comparable sale, this tool can assist in reviewing the most similar sales properties to any subject property. The function of this tool is similar to the duties of the Assessor’s office staff when using the market approach to valuation.

Comparison Tool User Directions:
  • Step 1: Choose the subject property using address or account number. Click “Use This Property” green box, bottom right of screen.
  • Step 2: Narrow or widen search results by making changes to the criteria under “What are you looking for?”
  • Step 3: View results and click “Compare” box to select sale properties from the result list.
  • Step 4: Click “Open Comparisons” button to view grid and map of the subject property and comparable sale properties.
  • Step 5: Once satisfied with the selection of comparable sales “Download” grid to save and/or print.
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