Notices of Value Are Hitting Mailboxes

Written By Tom Kammer

Every May, Colorado homeowners get their Notice of Value from the county assessor — and every May, the confusion is real. Don’t panic, you’ve got this!

Here’s your no-stress, 3-step cheat sheet:

1. Know the Magic Date: 6/30/2024
   

   🔔The value is NOT today’s value
   🔔 It’s NOT what the market is doing right now.
   🔔 It’s what the property was worth on JUNE 30, 2024.

   Burn it into your brain: 6/30/2024!

2. Find Legit Comparables

   If the assessor’s value seems 3–5% too high… time to pull comps! First Integrity Title can help you with this.

   📅 Use sales from 7/1/2022 to 6/30/2024 — ONLY that window!
   🛑 No recent sales.
   🛑 No listings.
   ✅ CLOSED valid arms length sales only.

   Pro tip: If your client bought the property during the study window and paid less than the assessor’s value — that’s your golden ticket. Appeal it!

3. Check the Details

   Go detective mode! 🕵️‍♂️ Make sure the county’s info about the home is spot-on:

   •Right home style? (Ranch? Two-story?)
   •Finished basement? (Or nah?)
   •Correct square footage? (Off by 100+ sq ft? Appeal, appeal, appeal!)

   If the info isn’t on the Notice of Value, hop onto the county website to double-check.

“But My House and My Neighbor’s Are the Same — and Mine’s Valued Higher!”

Breathe.

Most of the time there’s a reason:
Maybe you’ve got a finished basement. Maybe they live next to a noisy road. Before you grab your pitchfork, make sure you’re comparing apples to apples. 🍎

✨ Quick Recap ✨

• ✅ What’s the home worth on 6/30/2024?

• ✅ Only use comps from 7/1/2022 to 6/30/2024.

• ✅ Double-check the home’s details.

Need to Appeal?

Below is a list of links by county where you can find the form and/or process to appeal your property value:

Need Help? We’re Just an Email Away!📩 AskAnExpert@FirstIntegrityTitle.com
Let’s tackle this together — and make you the hero your clients need!