Property appraisal appeals roll in soon after new notices go out
SUMMIT COUNTY – Looking to purchase Summit County? According to the 2005 property appraisal, it would cost over $11 billion, a 12.81 percent increase over last year. With property assessment notices arriving in mailboxes last week, the county Assessor’s Office has been bustling with property owners who have questions about their appraisals.Property assessment notices went out April 30, and the protest period started May 2.Values for 2005 were up over last year in every property category. Of particular note was the 17.29 percent increase in residential property, excluding condominiums, for a total value of $6,351,779,977.Summit County Assessor Denise Steiskal said her office has been a little more busy with appeals this year than it was with the 2003 appraisal this soon after notices were mailed.”We do hope people will see us sooner than later,” Steiskal said. In 2003, 65 percent of the 4,200 appeals were received after May 25. The county Assessor’s Office received 3,900 appeals in 2001.Where the figures come fromAs a part of the appraisal done every two years, the Assessor’s Office staff looks at property sales in the 24-month period between June 30, 2002 and June 30, 2004. The staff looks for properties similar in age, condition, size, location and amenities to the property being assessed. They then take the median sale price per square foot of the comparable properties. Adjustments are made to the price per square foot for differences in the properties to come up with the assessed value.”Appraisal is not an exact science,” Steiskal said.The office only considers sales data through June 30, 2004. However, the assessment date to determine the state of an appraised property was Jan. 1, 2005.The assessed values will be used to determine the amount of a levy to be put in place in December 2005 in order to collect revenue from property taxes in 2006.Jennifer Harper can be contacted at (970) 668-3998, ext. 248, or at firstname.lastname@example.org.How do I appeal my property appraisal?For those who aren’t satisfied with the Assessor’s appraisal:- Appeals must be done in person, in writing or via the website at http://www.co.summit.co.us. No appeals will be accepted by phone. However, property owners can call the office with any questions at (970) 453-3480. If the appeal is done in person at the Assessor’s Office, located at 208 E. Lincoln Ave. in Breckenridge, it must be in by June 1 at 5 p.m. If submitted via fax or e-mail, property owners have until midnight June 1. Electronic protests submitted on the website must be in by June 1 at 10 p.m. The security key needed for appeals on the website can be found in the upper right corner of the assessment notice. Any pertinent information about a property that would be helpful in determining its appraisal should be submitted with an appeal.Assessor’s office staff reviews the information, methodology and sales database used for the appraisal.A notice of determination is mailed to the property owners by June 30.- If owners are dissatisfied with the Assessor’s determination, they have the ability to mail another appeal to the County Board of Equalization before July 20.A hearing is then typically scheduled for the last week in July or beginning of August. The owner is sent a letter with the board’s determination within five days of the decision.- For those who are still unhappy with the verdict, there are three other means for appeal: The State Board of Assessment Appeals, district court and binding arbitration.
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