El Paso county property tax

[XJ]

+7.2%, is that typical for what others are seeing?

[10x]

Yes I believe that rate was set by legislation. It was something like 7.9 percent.

[mtnrider]

I just got a 14% increase. (Over $70K) Screw this place, good thing we are on our way out. It's becoming a tax hell.


/

[cstone]

Check out comps sold in your neighborhood. If houses are selling above your appraised value, you may have a difficult time appealing the tax hike.

My problem with the current system is that we are being taxed on a value that is meaningless until you sell the property. If I bought at $100k and the current value based on market demand is $500k, it makes no difference if my income hasn't risen enough to pay the new tax assessment. Many people may be taxed out of their home unless the system is altered. I believe California had to address this same issue at some point. I don't know when this real estate market will turn but having my home value increase so much over the past few years has become a real two edged issue.

[Rumline]

My problem with the current system is that we are being taxed on a value that is meaningless until you sell the property. If I bought at $100k and the current value based on market demand is $500k, it makes no difference if my income hasn't risen enough to pay the new tax assessment. Many people may be taxed out of their home unless the system is altered. I believe California had to address this same issue at some point.

Yes, California does have that system, where reassessment only happens if you do a major remodel or if you sell the house, and property tax can only change by up to 2% per year. It was a ballot initiative, Proposition 13, and the libs in California are frothing at the mouth to get rid of it just like the libs here are about TABOR. Fortunately for Californians, Proposition 13 still has "third rail" status whereas my impression here is that a sizeable portion of Coloradans want to do away with TABOR.

[Big E3]

My property value appraisal went up $92,000 or 39%, and I live in Aurora, WTF?

[brutal]

My property value appraisal went up $92,000 or 39%, and I live in Aurora, WTF?

Parker North (Uninc DougCo), $82,000 (+33%) of taxable value on a shitbox that hasn't been significantly updated.

That's the problem with "comps." Everything that's sold around here has been updated prior to sale - new kitchens, baths, etc. and we haven't done much of anything.

In a way, it's making me think I need to do a cash out refi and make the improvements, dismal job outlook or not. I should have done it 6-9 months ago when rates were a little lower. My timing always sucks.

I'd like to think I could do a lot of the work myself, and have done so in the past, but I'm not sure I'll really have the time. Now, from what I've seen GC's are 6-9 months out on most work. Gah!

[Irving]

Parker North (Uninc DougCo), $82,000 (+33%) of taxable value on a shitbox that hasn't been significantly updated.

That's the problem with "comps." Everything that's sold around here has been updated prior to sale - new kitchens, baths, etc. and we haven't done much of anything.

In a way, it's making me think I need to do a cash out refi and make the improvements, dismal job outlook or not. I should have done it 6-9 months ago when rates were a little lower. My timing always sucks.

I'd like to think I could do a lot of the work myself, and have done so in the past, but I'm not sure I'll really have the time. Now, from what I've seen GC's are 6-9 months out on most work. Gah!

I'm continuously in the same situation. Tired of missing opportunities because the house isn't ready to sell/ rent.

[ray1970]

My tax appraisal just showed up and Adams county upped my property value by $70K.

I'm seriously considering contesting the appraisal as I'm now paying taxes on a $300,000 home but still living in my old, $180,000 house.

Fuckers.

[Robb]

Same here exactly: $70k, Adams Co