Property values appeals period begins May 1 in Eagle County
Vail, CO Colorado
EAGLE COUNTY – The 2010 appeals period for property valuations runs Saturday though June 1.
All property owners have the right to appeal their property value every May free of charge. Appeal in person at the Assessor’s Office at the Eagle County Building at 500 Broadway in Eagle, or in writing via mail to P.O. Box 449, Eagle, CO 81631, or by fax to 970-328-8679, or by e-mail to email@example.com.
If appealing in writing, be sure to identify the property and provide reasons for the appeal. Under Colorado law, county assessors’ offices throughout the state conduct a complete reassessment of all property in their respective county every two years.
For 2009 and 2010, assessors determined the market value, also known as “actual” value, of property as of June 30, 2008. As needed, counties may use additional information going back in six month increments. Assessors cannot consider any market data after June 30, 2008.
Notices of Valuation were sent to all property owners on May 1, 2009. Any property within Eagle County that had a change in value for 2010 due to an unusual condition, – such as new construction, remodels, additions or demolition – will receive a new notice of valuation.
The 2008 reappraisal value was used as a basis for 2009 and 2010 property taxes, which are payable in 2010 and 2011. To derive the property tax, the actual value of the property is multiplied by the assessment rate set yearly by the state.
For 2010, the rate is 7.96 percent for residential properties and 29 percent for most other properties. The result is then multiplied by the total mill levy specific to each property. To determine your mill levy, visit http://www.eaglecounty.us/assessor.
Assessors in Colorado will reappraise all property again in 2011, with values based on data collected from Jan. 1, 2009 through June 30, 2010. For more information, contact the Eagle County Assessor’s office at 970-328-8640.