Araphoe County begins mailing notices of value to property owners

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LITTLETON | The Arapahoe County Assessor’s Office began mailing 2017 Notice of Valuations to residential and commercial property owners May 1.

The notices provide property owners with information on the actual value of their property as of June 30, 2016. Arapahoe County’s urban residential valuation notices also include photos and information on five properties that sold during that time, to give homeowners a better understanding of the valuation process and how the value of a home is determined.

“As part of the Denver metropolitan area, the Arapahoe County real estate market continues to expand and set new records for median home prices,” Assessor Marc Scott said in a statement on the county’s website. “This upward growth pressure results in higher prices for both residential and commercial properties. The Assessor’s Office follows these market trends and our valuations are a reflection of those increasing real estate prices.”

Real property in Colorado is reappraised in odd-numbered years by county assessors. Homes are valued by the sales comparison approach, which means values assigned to a home are based upon the sale of similar properties during a two-year period. The 24-month sales period for this reappraisal is July 1, 2014 to June 30, 2016. By state law, assessors must use an appraisal date of June 30, 2016; current market conditions cannot be considered.

Scott said there are several ways to file an appeal if property owners disagree with the valuation placed on their property. “Senior citizens may call to request an outside appointment and an appraiser will come to your home,” he said. The county will also host a temporary location May 19 and 26 in the Guaranty Bank in Byers for residents who live in the eastern part of Arapahoe County.

Otherwise, beginning May 1, appeals can be filed by mail, by fax or in person. Property owners can appeal their value at two Arapahoe County Assessor locations:

• Administration Building, 5334 S. Prince St., Littleton
• Altura Plaza, 15400 E. 14th Place, Suite 500, Aurora

Appeals by mail or fax must be postmarked or received by fax no later than June 1, 2017. To appeal in person, a property owner must present objections to the Assessor’s Office (Littleton or Aurora location) no later than June 1, 2017. By Colorado Revised Statue, no appeals can be accepted after that date.

Residential property owners also have the option to appeal online by completing the Residential Appeal Form found on the county’s website. Instructions for filing online are included with the Notice of Valuation.

For more information, please call the Arapahoe County Assessor’s Office at 303-795-4600.