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2011/2012 Assessment Update

2011/2012 Reappraisal

Colorado property tax law requires assessors to conduct countywide reappraisals every two years in odd-numbered years, and that a specific date, June 30th of the year preceding the reappraisal year, be used to benchmark all property values throughout the state. The benchmark, or "level of value", for this reappraisal is June 30, 2010. For the 2011/2012 reappraisal Larimer County is using 60 months of data. That means our sales study period extends from July 1, 2005 through June 30, 2010. All sales are "time-trended" or "market-trended" up or down to the level of value date, June 30, 2010, depending on market factors in the different areas of Larimer County.

For 2012, only accounts that had a value change from the previous year are sent a Notice of Value in May and have the option to protest online. If you did not receive a Notice of Value you may complete and mail or fax a 2012 Protest Form to our office no later than June 1, 2012. The online protest option will not be available after 11:59 p.m. on June 1.

Properties that are appealed during our protest period will be reviewed and a Notice of Determination will be sent to those property owners on June 30, 2012. If you are satisfied with the value after this review, the process ends and your tax will be based on the value reflected in the notice of determination. If you disagree with the Assessor's decision, the next step will be to file an appeal with the County Board of Equalization. More details will be provided in the Notice of Determination that will be sent June 30, 2012.

For tax year 2012, all properties are valued according to the real estate markets as they were on June 30, 2010.

How Can I Verify The Value On My Property?

  • Market (sales) information is currently available in the Assessor's Office and online at Larimer County Sales Search.
  • Local real estate offices may also be able to provide you with sales information.
  • For non-residential properties, construction cost and income data of comparable properties can also be used to verify the accuracy of your property value (July 1, 2005 to June 30, 2010).

Reviewing Property Information and Values

The Assessor's office is here to assist you.

Review the facts on the property record. Make note of any discrepancies. Items that may affect the value include the living area of your home, the size of your lot, the presence or absence of a garage or finished basement, etc.

Gather as much information as you can on similar properties in your neighborhood. A database of verified sales is available in the Assessor's office and on the Larimer County website.

Review the sales of comparable properties. While we all recognize that seldom are two properties identical, similar properties that are similarly situated should sell for similar prices. Compare the features of these properties to the features of yours. Some items may be inventoried by our office but may not have a direct impact on value for assessment purposes.

Making corrections after the protest period

You may contact the Assessor's office regarding your property any time throughout the year. Properties that filed a formal protest are given priority. Many property corrections do not impact the property value for assessment purposes. If you feel your property is overvalued and you did not file an appeal you may petition for an abatement after you receive your tax bill.