Today is the last day to appeal property values set by assessor

Today is the last day to appeal your property value resulting from the 2008 reappraisal.

The El Paso County Assessor’s Office reports fewer appeals have been filed than expected, which is surprising because the reappraisal resulted in a good number of homes being valued higher than the previous reappraisal despite a plunge in values during the last year.

Property values were higher than some might expect because the reappraisal period spanned Jan. 1, 2007 to June 30, 2008, a time frame that preceded the biggest dive in market values.

Appeals of values must cite evidence from the reappraisal time period. The values are used to calculate property taxes. Most people who appeal are seeking to have their property values decreased to keep their property tax liability from rising.

The Assessor’s Office, at 27 E. Vermijo Ave., will be open until 5 p.m.

 Source: www.gazette.com