DENVER (KDVR) — Coloradans are feeling the pain from a sharp rise in property tax assessments.
On Monday, Gov. Jared Polis announced a plan that could soften the impact when you pay your property taxes next year. But there is something you can do about it right now: You can file an appeal.
"Homeowners are freaking out!" said Kelly Moye with Compass Real Estate and spokesperson for the Colorado Association of Realtors. "Our phones have been ringing off the hook."
Moye has already helped 20 clients who had questions about the eye-popping property tax assessments they received in the mail this week.
"They think that what the assessment says is not what it is worth today, and that is accurate," Moye said.
The assessed value is taking the market value from January 2021 through June 2022.
"That happened to be up 35%," Moye said.