The Summit County Assessor’s Office will mail out its biannual notices of valuation to local property owners on May 1. Colorado statute mandates that county assessors revalue all property within their boundaries every odd year.
“Most of Summit County’s properties saw an increase in value,” Summit County Assessor Beverly Breakstone said. “The housing market exhibited marked improvements during our data-collection period, from July 1, 2012, to June 30, 2014.”
According to the 2015 revaluation, the average value of a single-family home in Summit County is $794,683. The average condominium value is $320,350. In Breckenridge, the average value of a single-family home is now $1,388,498, and the average condo value is $412,062. The assessor’s office values local property using qualified sales that take place during the two-year data-collection period. Each property is time-adjusted to June 30, 2014.
The assessor’s office values local property using qualified sales that take place during the two-year data collection period. Each property is time-adjusted to June 30, 2014.
“Much of our time is spent developing time adjustments and statistical models to determine the value of various property amenities,” Breakstone said.
Taxpayers wishing to protest their value with the assessor’s office may do so during the month of May. Because May 31 falls on a Sunday, the last day to appeal is June 1.
Appeals can be made using the indicated section on the valuation notice. Taxpayers can appeal online, in person or by mail. Mailed appeals must be postmarked by June 1. For those appealing in person, the assessor’s office closes at 5 p.m. Online appeals must be made before midnight. READ MORE