Completing the Real Property Questionnaire will help you determine an estimate of value for your property, which can be compared to the value determined by the Assessor. Colorado law requires application of the market approach to value for residential properties (includes apartments) and consideration of the cost, market, and income approaches to value for vacant land, commercial and industrial properties.
MARKET APPROACH (ALL PROPERTY TYPES): This approach to value uses sales from the 18-month period ending June 30, 2022. If data is insufficient during this time period, the Assessor may also consider data from the 5-year period ending June 30, 2022. Statute prohibits the Assessor from using appraisal data after June 30, 2022.
To help estimate the market value of your property, please list sales of similar properties that have sold in your neighborhood prior to June 30, 2022. A copy of an appraisal prepared prior to June 30, 2022 may be helpful in estimating the market value of your property.