BREAKING: Homeowners across Colorado will need to set aside more money to cover their property taxes next year -- significantly more money -- based on unprecedented higher property values that county assessors have calculated.
Homeowners across the state will need to set aside more money to cover their property taxes next year — significantly more money — based on the higher property values that county assessors have calculated and will notify them about early next month.
Gains in property values don’t correlate directly to the gain in property taxes that property owners will receive next January, assessors emphasized. Yet they are a key part of the formula and provide a rough guide to what is coming. And what is coming could be budget-busting for households already stretched by higher food, transportation, utility and property insurance costs.
“We really want property owners to take a look at the notice of valuation,” Erffmeyer said. “We don’t know what that property tax calculation will look like downstream, but it is an important step.” The craziness of the pandemic run-up in home prices is that 20% ranks as relatively tame. In most valuation periods, that would represent a huge jump.
The strongest challenges are based on a mistake in the physical characteristics of the property. If a property is listed at 1,800 square feet in county records, but only has 1,600 square feet, that would create a strong case for a reduction in value. Same if the public record lists four bedrooms and there are only three.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
'Never Seen Such An Uprising': Unprecedented Canceled Netflix Show Campaign Explained In VideoThe unprecedented campaign to save Warrior Nun, a canceled Netflix series, is explained in a video celebrating a meetup of fans in London.
Leer más »
The Hope Probe Got an Unprecedented Look at a Mysterious Martian MoonA close flyby of Deimos suggests it may not be a captured asteroid, as previously believed.
Leer más »
JWST captures an unprecedented 'prequel' to a galaxyNASA’s James Webb Space Telescope confirmed the distance of a protocluster of galaxies that formed 650 million years after the Big Bang,
Leer más »
Alta surpasses 900 inches of snowfall in 'unprecedented' seasonUtah's ski resorts continue to collect mind-blowing snow totals, even as many have closed for the season.
Leer más »
Senate Democrat Slammed for Pushing 'Unprecedented Giveaway' to Mining Industry'This legislation is an unprecedented giveaway to the mining industry, one that would further entrench the legacy of injustice to Indigenous communities and damage to public lands held in trust for future generations.'
Leer más »
Nine teens wounded in shooting at after-prom party in TexasNine teenagers were injured in a shooting at a Texas house hosting an after-prom party — with shots later ringing out in two other locations.
Leer más »