New vacant building tax immediately implemented Lakewood, CO just implemented the first vacant building tax…
I hope each of you are having a wonderful spring. As you read the subject line, you are probably confused about the statement “it is tax time in Colorado”. The taxes I am referring to are your property taxes. All Colorado counties handle property assessments the same under CO statutes. In Colorado to dispute your property taxes (either residential or commercial) an appeal must be filed on or before June 1. I put up a blog entry: http://cohardmoney.com/blog/2012/05/how-to-protest-your-colorado-property-taxes/ in order to provide more information on how the assessment process works in Colorado and how to appeal your taxes.
In my opinion, many properties I have looked at recently are still considerably over assessed. As a result property owners are paying considerably more in taxes. Personally on my property I was over assessed by almost 50% on one of my pieces of property. I filed an appeal and fought the assessment and saved 50% annually on my tax bill. By now, you should have received your notice of valuation on both your residential and commercial properties. If it is higher than you think it should be check out my blog on what you need to know to get your value reduced. I also put links to many of the metro county assessor’s offices to make it easier for everyone. Feel free to link to this blog off your blog or site. Also any comments or tips would be appreciated to help others viewing the blog.
I look forward to working with you in the near future on your private lending/ hard money transactions throughout Colorado.