Higher Home Values Mean Higher Property Taxes

This amazing seller’s market is raising everyone’s real estate values, which is bound to be reflected in higher property taxes.

Early next month all property owners in the state will receive a notice from their county assessor assigning a new “full valuation” on which 2021 and 2022 property taxes will be based.

The good news is that the valuation will be as of June 30, 2020, avoiding the worst of the increases which we have see since then.

Look for another blog post in early May in which I will instruct you on how to tell whether your home’s valuation is too high and how to appeal it.

Author: Golden Real Estate, Inc.

Golden Real Estate is a prominent member of the Denver/Jefferson County real estate scene. Based in Golden, we service both Denver and Jeffco, representing both buyers and sellers. We're well known for Broker Jim Smith's weekly "Real Estate Today" column published in the Denver and Jeffco editions of the Denver Post's YourHub section each Thursday. The column also appears in several weekly newspapers and is archived at www.JimSmithColumns.com. We have nine agents, all of whom are Realtors and EcoBrokers. Our office is Net Zero Energy since December 2017, and several of us drive electrics cars. Known for our sustainable practices, we accept polystyrene (aka "Styrofoam") for recycling, keeping 200 cubic yards per year out of area landfills.

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