Protesting!

The number of protests filed with Colorado’s 64 county assessors increased 300% in 2023 compared to the average number of protests from the previous three assessment cycles.

Property owners filed at least 308,298 protests with Colorado’s 64 county assessors this year, which compares to an average of 103,000 annual protests in the last three assessment cycles in 2021, 2019 and 2017.

The increase was due to the amount values increased from this valuation period versus the last one. This was because the time frame considered for comparable sales, July 1 2020 to June 30 2022, was arguably the most robust real estate market in our lifetime.

The post Protesting! appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

Protesting!

The number of protests filed with Colorado’s 64 county assessors increased 300% in 2023 compared to the average number of protests from the previous three assessment cycles.

Property owners filed at least 308,298 protests with Colorado’s 64 county assessors this year, which compares to an average of 103,000 annual protests in the last three assessment cycles in 2021, 2019 and 2017.

The increase was due to the amount values increased from this valuation period versus the last one. This was because the time frame considered for comparable sales, July 1 2020 to June 30 2022, was arguably the most robust real estate market in our lifetime.

The post Protesting! appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

It’s Tax Time

You probably don’t need a reminder that this is tax season.

Not only because tax returns are due in two weeks but also because you will soon receive your property tax notification in the mail.

Every two years your County re-assesses the value of your property and then sends that new value to you.

When this happens, many of our clients:

  • Don’t agree with the new assessed value
  • Aren’t sure what to do
  • Are confused by the process
  • Want to save money on property taxes

Good news! We have a webinar that will help you. On the webinar we will show you:

  • How to read the information from the County
  • What it means for you
  • How to protest the valuation if you want
  • How to get an accurate estimate of your property’s value

You can listen to the webinar live or get the recording. In any case, you can sign up at www.WindermereWorkshop.com

The webinar is April 17th at 10:00. If you can’t join live, go ahead and register so you can automatically receive the recording.

This is a complimentary online workshop for all of our clients. We hope you can join!

The post It’s Tax Time appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

The Office

 

As you travel around the Front Range you will notice the following under construction:

 

  • New Homes
  • New Apartments
  • New Medical Facilities

 

However, you will not notice new office buildings under construction.

What gives?  I thought we had a booming economy.  Why no new office buildings?

There are a couple of reasons.  First, construction costs have sky rocketed.  In ten years, construction costs have gone from about $200 per square foot to over $300 per square foot.

Rental rates have not increased at the same pace as construction costs so speculative investors can’t make their numbers work.

It’s too expensive to build compared to the rents that can be charged.

One reason why rental rates haven’t increased at high rate is property taxes.  Property taxes on Class A office buildings have basically doubled in the last 10 years in many cases.

So, until rental rates catch up with construction costs, we won’t see many new office buildings under construction.

The post The Office appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.