A group of nine county assessors from the Denver metro area announced property values have increased at an 'unprecedented' rate, meaning homeowners could pay significantly more in taxes next year. via ColetteBordelon
DENVER — A group of nine county assessors from the Denver metro area announced property values have increased at an"unprecedented" rate, meaning homeowners could pay significantly more in taxes next year.
“We've never seen, I think we would all agree, something this historic or unprecedented," said the Denver County Assessor, Keith Erffmeyer. “I wouldn't say it's a bad news story, but I don't know if everybody would be totally thrilled about their property value going up either.” Jump in property value in Denver area could lead to crisis “It's one of the big mysteries of the session, actually," said Frizell. “Every person, whether you rent or own a home, should be concerned because if you rent those property tax increases are going to be passed along to you.”
"We're expecting it next week, and that's getting really late," said Frizell. “What we can do in this building is we can adjust those assessment rates down, thereby lowering the property tax. That's what the legislature has done the last two years, they've ratcheted the residential rate down.”
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