Colorado Property Valuations
In our state, real estate appraisals determine the market figures used for local tax systems. Official assessors refresh these calculations biannually during odd years. Currently, the 2025/2026 phase relies on transaction trends recorded between the start of July 2022 and the final day of June 2024 precisely.
While home estimates depend on recent neighborhood sales, diverse holdings like agricultural ranches or commercial plots often utilize cost analysis and income methods. This multi-faceted approach guarantees every property owner receives a balanced assessment.
Key Valuation Dates
The official Notice of Valuation arrives by early May 2026, using data from mid-2024. Property owners wishing to contest their figures have from May 1 until June 8, 2026.
Valuation Math Made Simple
Actual Value × Assessment Rate = Assessed Value
Assessed Value × Mill Levy = Your Tax Bill
Assessment Rates
Living spaces are rated at 6.25% or 7.05% based on your specific district. Conversely, raw acreage and business sites are generally calculated using a standard rate of 29% total.
Maintaining Standards
The state division for taxation governs all appraisal protocols. Even though updates occur every two years, significant events like fresh builds or total destruction can initiate an immediate special reappraisal.