Larimer County property values have increased by 5% since the last reappraisal in 2019, but some areas of the county saw sharper increases than others.
Fort Collins property values increased by 3%, according to the county, while Loveland saw a 6.5% increase and Estes Park saw a 12.2% increase.
More than 157,000 Notice of Valuation postcards will be mailed to property owners Saturday, May 1. Property values can also be found online at larimer.org/assessor, which is also where the Value Change Map can be viewed. The map will be updated May 1.
Larimer County Assessor Bob Overbeck will hold a community Zoom meeting 6-7 p.m. Thursday to talk about the reappraisal process. Residents can register for the meeting at https://bit.ly/2PuE2Je.
Overbeck cited several reasons why property values increased, many of which likely sound familiar to Larimer County residents:
- High demand for real estate and vacant land;
- Low inventory of available homes;
- Record low interest rates for home loans;
- Homebuyers moving from larger cities to smaller communities and/or looking for recreation and other amenities.
The county will not accept in-person property value appeals this year due to COVID-19 health and safety protocols.
The Senior Citizen Exemption and Disabled Veteran Exemption programs are available this year. Applications for both programs are due in July. For more information about the eligibility requirements and application process can be found at larimer.org/assessor/exemptions. For assistance with applications, residents can call 970-498-7050.
Property value assessments skyrocketed 18.7% during the last reappraisal in 2019. The county adjusted 67% of protested property valuations in response to the highest volume of protests the county assessor’s office has received in at least two decades.
Sady Swanson covers public safety, criminal justice, Larimer County government and more throughout Northern Colorado. You can send your story ideas to her at firstname.lastname@example.org or on Twitter at @sadyswan. Support her work and that of other Coloradoan journalists by purchasing a digital subscription today.