Letter to the Editor: 2020 appeal announcement for real property values in Colorado

To the editor,

COLORADO- May 1, 2020, real property valuation appeals begin with the county assessor’s offices in Colorado. Real property value in Colorado is determined on a two-year cycle and 2020 real property value reflects market data as of June 30, 2018. Property owners will only receive a Notice of Value this May if their property value changed due to the creation of a new lot or subdivision, new construction, an addition or remodel or other physical changes to an existing property.

By Colorado law, the 2020 real property value is based on June 30, 2018, market data.

“Unfortunately, unless there is a change in our State Constitution or statutes, our hands are tied this year,” said Libby Lamb, Mineral County Assessor. “We cannot accept appeals based on taxes or effects on property value due to the present pandemic crisis. As it stands now, the economic impacts of the current pandemic will be addressed in the 2021 revaluation of all real property,” Lamb added.
Real property values for the 2021 reappraisal will be based on market data as of June 30, 2020, absent legislative change.

County Assessors in the state recognize the impact the COVID-19 pandemic has had on the Colorado economy this year; however assessors do not have the authority to adjust the current (2020) market value. The Colorado Assessor’s Association is currently working with Colorado public officials to help find a way to address these issues. The Assessor’s office urges you to contact your local state representatives regarding the COVID-19 pandemic.  The local House Representative is Don Valdez (719)-588-5565, email [email protected] ; and  our Senator is Larry Crowder  (303) 866-4875, email [email protected] .

Libby Lamb,
Mineral County Assessor