Property Taxes Got You Feeling Taxidermied? A Guide to Disputing Your Denver Doom in the Mile High City!
Living in Denver is fantastic! Breathtaking views, craft beer on every corner, and that Rocky Mountain high (metaphorically speaking, of course). But let's face it, those stunning panoramas come at a cost, and that cost often rears its ugly head in the form of property taxes. If you feel like your property valuation is about as inflated as a tourist's expectations of legal weed, then fear not, brave homeowner! This guide will equip you with the knowledge to fight the good fight and potentially lower your property tax burden.
How Do I Dispute Property Taxes In Denver |
Round One: The Assessor's Office - Why You Gotta Be Sherlock Property-Holmes
The first step is to grab your magnifying glass (figuratively speaking, a computer will do) and head to the Denver Assessor's website. Here, you'll find the culprit: the assessed value of your property. Remember, a lower assessed value translates to lower property taxes!
Here's the "elementary" part: Is the assessed value more than what your neighbor's identical house is valued at? Does it make about as much sense as a Denver Broncos game played in a blizzard? If so, then it's time to gather evidence, also known as your property tax protest's "weapons of mass persuasion."
Ammunition Acquisition 101: Property appraisals, recent sales data of comparable homes, and any evidence of improvements you've made that weren't reflected in the valuation. The more firepower you have, the better your chances of getting that assessment lowered.
Don't forget the deadline! Protests for the current tax year typically need to be filed by June 1st. Missing this deadline is like forgetting your skis on a Denver vacation – a total bummer.
QuickTip: Use the post as a quick reference later.
Round Two: The County Board of Equalization - The Negotiation Cage Match
If the Assessor's office doesn't budge on your valuation (and sometimes they don't!), then it's time to take your protest to the County Board of Equalization (CBOE). Think of them as the judges in a property tax cage match, where you present your case and hope to convince them to lower your assessment.
Here's where the plot thickens: You'll need to attend a hearing and plead your case. Be prepared to present your evidence and explain why you believe your property is overvalued. Remember, a little charisma can go a long way. Think less "angry taxpayer" and more "reasonable homeowner seeking fairness."
Pro Tip: The CBOE has resources available to help you prepare for your hearing. Take advantage of them!
Victory Lap or Rematch?
If the CBOE agrees with you and lowers your assessment, then congratulations! You've successfully wrestled that property tax beast to the ground and saved yourself some hard-earned cash. But if the CBOE disagrees, there are still a couple of paths you can take, though they involve a bit more legwork (and potentially lawyer work).
Tip: Skim once, study twice.
Remember, this guide is just a starting point. There are additional steps you can take to fight your property tax assessment, but they get a bit more complex. For those interested in exploring those options, consulting with a tax professional is recommended.
Frequently Asked Questions:
How to File a Property Tax Protest in Denver?
The "Real Property Appeal" form can be found on the Denver County Assessor's website. The deadline to file is typically June 1st.
How to Gather Evidence for a Property Tax Protest?
Tip: Note one practical point from this post.
Look for recent sales data of comparable homes, property appraisals, and any evidence of improvements you've made that weren't reflected in the valuation.
How to Prepare for a Hearing with the CBOE?
The CBOE has resources available to help you prepare for your hearing. You can find them on their website.
How to Lower My Property Taxes if the CBOE Disagrees with My Protest?
Tip: Summarize the post in one sentence.
There are additional legal options available, but they involve more complexity. Consulting with a tax professional is recommended.
How to Avoid Feeling Overwhelmed by Property Taxes?
Distract yourself with all the amazing things Denver has to offer – mountain hikes, craft beer crawls, and maybe even some stargazing (because those property taxes definitely won't be).