A Homeowner’s Guide to Tax Assessment Appeals

For homeowners, one of the more frustrating experiences can be receiving a higher-than-expected property tax assessment. A property tax assessment determines how much a homeowner will pay in taxes based on the value of their property. If you feel that the assessed value is too high or doesn't accurately reflect the market value of your home, you might want to consider filing an appeal. Fortunately, property tax assessment appeals are a common process, and it’s something homeowners can navigate with the right knowledge. In Northern Colorado and across the United States, tax assessments are usually performed by the county or local tax assessor's office, and they are based on the perceived market value of the home. However, these assessments aren't always correct. They can be influenced by outdated information, errors in the records, or simply a misjudgment of your property's true market value. The good news is that, if you disagree with the assessment, you have the right to challenge it. Filing an appeal might sound intimidating, but understanding how the process works and what to focus on can make it much easier to navigate. In this blog post, we’ll walk you through the tax assessment appeal process, explain how property appraisals play a role in the appeal, and offer insight into how homeowners can take action to potentially lower their property tax liability.