Home Buying in Powers>Question Details

Gary Beals, Home Owner in Colorado Springs, CO

How do I dispute my Property Tax Assessment?

Asked by Gary Beals, Colorado Springs, CO Wed Feb 6, 2013

My property was assessed at $88,000. Trulia has it valued at $74,000

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Answers

1
Greetings

First off I have to mention that Trulia and Zillow ARE NOT usable measures of the value of a property because they use out of date information to value a home. It's fun to play with, but not a substitute for a professional appraisal or even a Comparative Market Analysis or Broker Price Opinion performed by an experienced professional Realtor.

Secondly, by statute "the data-gathering period used to estimate the value of property for 2013 value shall be the 24-month period running from July 2010 through June 30, 2012. Only properties having sold within this 24-month time frame may be used as comparables when estimating a market value!" So this value does not represent the CURRENT market value, but the approximate value during the statutory time period.

You can find further information on the dispute process at the El Paso County Assessors Website:
http://asr.elpasoco.com/Pages/2010AppealsProcess.aspx

I hope you find this information of use
Regards
Brian L. A. Wess
Realtor®, Broker Owner
CRS, CDPE, GRI, ABR, ASR, CSR, CNS, SFR, e-PRO
Military Relocation, Residential & Investment Specialist
Infinite Horizons Realty - Metro Brokers
Colorado Springs, CO
Direct: 719-528-6672
Web: BrianWess.com
COLORADO REAL ESTATE...DONE RIGHT!â„¢
2 votes Thank Flag Link Wed Feb 6, 2013
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