Starting May 1st Colorado Assessors are sending out new reassessment notices to 2.6 million Colorado property owners.
The May 2017 updated version of the 1991 best seller edition of
Your Guide to Honest Property Tax Reductions is available free at EdTomlinson.com
Colorado property owners received hundreds of millions of dollars in property appraisal reductions plus refunds of $80 million in the 2015 reassessment year.
Since county assessors update property appraisals every other year, it is in property owner’s best interest to find out what their role is in the tax assessment system. This, 56 page, easy to read, e-book takes less than an hour to read and will help the property owner for a lifetime.
Over $8 billion is collected in property taxes each year in Colorado, the largest collection of taxes outside of federal income taxes. The property tax system includes over $758 billion of real estate value. In such a large system, mistakes are bound to be made-mistakes which can cost the property owner a bundle.
Property values are determined by a computerized Mass Appraisal Method used by all county assessors. While the system results in fairly accurate overall results, assessors recognize that it also results in many properties being appraised higher than they should be. That is the purpose for the protest system.
Per the, Sept 2016, Colorado Assessors Reference Library Volume 2: Administration manual. For residential properties, 36 seconds is the time allocated to determine property value or three minutes for a drive by appraisal. Assessors try to drive by all properties once every ten years and make a physical inspection once every 100 years.
Arvada homeowners can request Ed Tomlinson to review their assessment and protest for free. No strings attached. He only asks that they interview him if they ever want to sell.
Commercial and industrial property owners will also benefit from the book or can contact Ed Tomlinson for a referral.
Ed C. Tomlinson works as a broker/associate with Metro Brokers in Arvada. For over four decades, he has handled residential, agricultural, commercial, vacant land and industrial properties. He has been researching the state's property tax assessment system for almost 30 years, and is recognized throughout Colorado as an expert in the field.
His working knowledge of the system is based on thorough study of assessors' policy and procedure manuals, training with appraisers from assessors' offices, and years of experience with the property tax protest procedure. He has conducted hundreds of protests, and has been featured extensively by broadcast and print media on the subjects of property tax assessment and the status of the Colorado real estate market. He was also invited to speak before the Colorado Senate and House Interim Tax Committee to offer recommendations on improving Colorado’s property tax system. Legislators and others helped him sponsor and pass a bill to improve Colorado’s property tax system.
He was a senior arbitrator for the Better Business Bureau, and a past member of the Apartment Association of Metro Denver, the National Apartment Association, and the Arvada Chamber of Commerce.
Tomlinson also served as a Director and Treasurer for the Jefferson County Board of Realtors and Metrolist (MLS). As a director of the North Jeffco Park and Recreation (APEX), the Jefferson County Housing Authority, and twice as President of the Arvada Fire Protection District.
He is currently a member of the National Association of Realtors, the Colorado Association of Realtors, the South Suburban Board of Realtors