Page 21 - Gallagher Amendment News Today

Special to the Daily Eagle County’s property value notices have been mailed out. Values went up, for the most part, but won’t reflect the run-up in prices the county’s seen since the summer of 2020. In Colorado, county assessors’ offices every two years determine the value of all taxable property. That valuation is based on sales of comparable properties. According to state law, months of research into values is distilled to a “snapshot” of values as of June 30. Taxing districts fro...

Colorado has the third lowest homestead real estate property tax in the country with an effective tax rate of 0.51%, according to taxfoundation.org. Conversely, Colorado ranks among the highest, if not the highest, in commercial property tax rates. This rising disparity is causing notable difficulties for businesses, commercial real estate owners and consumers across the state.   Overall, Colorado businesses contribute 58.3% of local government taxes, according to the financial website WalletH...

Colorado Income Tax Season 2021: Last-Minute Filing Guide Patch 4/30/2021 Amber Fisher © Shutterstock The Colorado Department of Revenue and the Internal Revenue Service bumped the tax deadline for individuals to May 17. COLORADO — The 2021 tax season in Colorado is nearing its extended end, as filers gather their W-2s and other documents for their returns for the 2020 tax year. In the first tax year since the coronavirus began to affect life and work in the United State...

The Future of Real Estate Taxes: Panelists discuss valuations, tax law changes Below are some key quotes from the discussion: Neil Oberfeld, shareholder at Greenberg Traurig and expert in property tax law “There are two great options (if you receive your valuation and feel it is too high). First is do it yourself, and second is call an attorney. If you want to do it yourself, you have the opportunity to sit with an assessor and discuss the valuation. They want information and statements, and ...

This map, which shows the 2021 reappraisal single-family residential neighborhood value increase, shows the highest increases — 25% or more — were largely in the southeast portions of Colorado Springs, south of Platte Avenue and east of Colorado 115. (Courtesy of the El Paso County Assessors Office) Courtesy of the El Paso County Assessors Office

To embed, copy and paste the code into your website or blog: Spring is in the air, and while for most people, that means budding tulips and birds chirping, for us real property tax lawyers, that means assessment time. Property owners in Colorado will receive their 2021 real property valuations from the county assessor by May 1. So, April is the time to gear up for what is likely going to be a big year for commercial landowners to appeal their taxes. Because of the fluctuation in real estate val...

HB20-1427, a bill that created new nicotine taxes in Colorado. Its prime sponsors include Sens. Dominick Moreno, D-Commerce City, and Rachel Zenzinger, D-Arvada, and Reps. Julie McCluskie, D-Delta, and Barbara McLachlan, D-San Juan. "In this years bill, we are adding additional funding because our local property value assessments came in low," McCluskie said. "We also made adjustments in the bill for at-risk funding as well as for small, rural, and remote school districts who see significant im...

Gov. Jared Polis, delivering his third State of the State address to a chamber of masked lawmakers and guests separated by plexiglass, called on the General Assembly to seize the

Gov. Jared Polis, delivering his third State of the State address to a chamber of masked lawmakers and guests separated by plexiglass, called on the General Assembly to seize the

The Colorado Politics staff offers their takes on who came out on top in the "most important election in our lifetimes" — this year.