Monday, April 22, 2019

Largest real estate value increase in 10 years

On May 1, the Mesa County Assessor’s Office will send out Notices of Value (NOV) to property owners for the 2019 tax year, due in 2020. Property owners will have until June 3, to file a protest of their assessment.

The reappraisal in valuations reflects property sales between January 1, 2017, and June 30, 2018, two of the strongest years in increased market activity over the past decade. Property tax bills calculated and forwarded in January 2020 will be based on these values.

“Real estate values are increasing in Mesa County, so what does that mean to the average owner? It means taxes are likely to increase,” Mesa County Assessor Ken Brownlee said. “We encourage individuals to review the estimated market value in their notice and if they disagree they have until June 3 to file a protest.”

Quick glance:
      • NOVs will be sent out May 1
      • The actual value of real property is based on its value as of the appraisal date, which is June 30th of the year prior to the reappraisal year
      • Protests must be submitted by June 3
Assessor Brownlee has been explaining how the assessment cycle works, how the Tax Payers Bill of Rights (TABOR) and Gallagher interact, and what to do if you think the value is too high or too low. Assessor Brownlee is available for any group interested in a presentation. You may contact him at (970) 244-1610 or assessor@mesacounty.us.

“This will be the largest increase in over ten years. These higher values are likely to result in some taxing districts reducing their mill levies to comply with the revenue cap in TABOR or have them ask for permission to keep the additional tax,” Brownlee added.

Property owners wishing to protest their property’s valuation may do so by completing the protest form enclosed with their NOV and mailing it in, or by filing a protest form online at https://assessor.mesacounty.us/forms/ by June 3.

For more information, call Mesa County Assessor Ken Brownlee at (970) 244-1610.

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