Summit County Tax Assessment Appeal Info >
- June 30, 2022 is the appraisal date.
- Sales and market conditions occurring after this date cannot be considered.
- All sales used in the multiple regression analysis are time adjusted to account for differing market conditions between the sale date and the appraisal date of June 30, 2022.
- Appeals can be mailed, emailed, or submitted online. Email is probably the best way since you can include attachments.
- Appeals must be received or postmarked by the end of the day on Thursday, June 8th.
- Commercial owners should contact John Zimmerman to discuss their valuation. Should they decide to appeal, it must be submitted to the County Assessor’s office.
- John Zimmerman with Value West: 303-954-8535 / johnz@valuewest.com
- Assessor office renders decisions and Notices of Determination (NOD) are mailed Friday, June 30th.
- Owners who feel the value on the NOD is not reflective of their property’s value on June 30, 2022 can appeal further to the County Board of Equalization (CBOE).
- Appeals to the CBOE must be submitted to the CBOE by Monday, July 17th (very short turnaround time from receiving the NOD).
- Time groups and rates utilized in the three models (residential single-family, condo, and vacant land) are available on the assessor’s website at the link above.
- The regression values are data driven. So, owners are advised to first review and confirm their property’s data.
- Property data can be found by clicking the ‘Property Information Search and Maps’ link
- Sales comps are provided via the NOV Archive Search, however MRA utilizes ALL sales in the valuation.
- ‘Helpful Links’ section of NOV Viewer has links to the regression value calculation ladder and sales comp grid showing adjustments being applied to the sales.
- Our goal (in the assessor office) is for the sales occurring within the two years prior to June 30, 2022 to support the regression value.
- Sales submitted with appeals are considered, and if the value range indicated by those sales (or the best sales found within the data collection period) produces a lower median value than the regression value, the regression value will be adjusted (in most instances).
Property Taxes – Summit County Assessor >
- The amount in the postcard is an estimate and it is overstated.
- We cannot provide an accurate calculation of property taxes until we know the actual tax rates. 2023 mill levies will be set in November once the taxing entities create their budgets for 2024.
- Value reductions of $15,000 and $30,000 will be applied to all residential and commercial improved properties, respectively (HB22-238)
- Polis introduced a ballot initiative that would increase the residential value reduction from $15,000 to $40,000 and further lower the statewide residential assessment rate from 6.765% to 6.7%.
- The assessor’s office does not set the tax rates. We only set property values.
- Under the ‘Assessment Resources’ tab there is a link to the 2023 List of Taxing Entities that includes contact info and websites.
- Taxing entities hold public budget meetings, the dates of which are available on their websites, to determine revenue utilization for the following year.