Red Hot Real Estate Market Leads To Property Tax Spikes Around Metro Denver

Dated: April 27 2017

Views: 333

Homeowners across metro Denver should brace themselves for notices of property valuation arriving soon in the mail that will weigh heavily on property taxes during the next two years.

The short of it: Property taxes are going to go up, and for many, they’re going way up.

That’s the news from seven metro-area county assessors, who on Tuesday held a news conference to announce spikes in median home property valuations, ranging from about 17 percent for single-family homes in Douglas County to 40 percent for all homes in Adams County.

In those counties — as well as in Arapahoe, Boulder, Denver, Elbert and Jefferson — property tax increases will vary greatly, depending on factors such as neighborhood popularity, amount of new construction and affordability.

That last group will be among those hit the hardest.

AssessorThe map of property valuation increases released by Denver..

“Neighborhoods that had among the lower property values in 2014 are seeing the largest percentage increases in Denver, though each neighborhood has seen growth,” Denver County Assessor Keith Erffmeyer said at the news conference.

And for homeowners, the increase in a valuation doesn’t by itself dictate how much more they’ll pay in property taxes


Denver Colorado Real Estate Professional
 -Michael Steffen

Michael is a motivated realtor specializing with investors and new home buyers located in the following areas; Denver, Arvada,Aurora and surrounding areas. Michael Steffen uses advanced internet marketing to insure your property gets maximum exposure and holds a high value of ethics in his work to ensure the ideal scenario for everyone! For help with buying or selling a property call 303-981-2750!

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Generation Property Group

My name is Michael Ross Steffen. I’m an Exit Realty Cherry Creek Agent in the Denver metro area and Team Leader For Generation Property Group! We specialize in advanced Internet marketing, buying, s....

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