Arapahoe County issued the following announcement on April 26.
More than 212,000 Arapahoe County property owners will receive notices of valuation by May 1, a result of state mandates that require Colorado counties revalue all taxable properties. The County’s 415 taxing entities use these values to establish property taxes for the following year.
“The Assessor’s Office is committed to completing valuations with the highest levels of accuracy and integrity,” said Arapahoe County Assessor PK Kaiser. “The office’s 63 employees – half of which are licensed appraisers – use proven methodologies and current best practices to discover, list, value and classify properties.”
Within Arapahoe County, actual property values increased 21 percent over the 2017 assessment period. Residential property values saw an average increase of 22 percent, with the largest gains seen in Aurora, Sheridan and Englewood. The great demand for single-family residential properties in the lower price tiers yielded the highest percentage increases, while a softer market for higher value homes resulted in lower percentage increases. A very active multifamily market saw significant increases in valuation, up to 40 percent. A map showing neighborhood-by-neighborhood increases is available online.
“These increases are reflective of the County’s continued population growth, economic vitality, and high quality of life,” added Kaiser.
From 2017 to 2019, commercial properties saw an average increase of 15 percent, with some of the greatest increases in the warehouse and commercial condominium segments. While the value of vacant land and industrial parcels grew, the increase in actual countywide property valuations was driven by gains in the residential and commercial sectors. - Read More -
Original source can be found here.
Source: Arapahoe County