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Welcome to the Assessor Department webpage
Colorado state statutes require county assessors to place a value on all property. Colorado law stresses fairness, and all county assessors - including Broomfield’s - are bound by the law.
The Broomfield County Assessor is John Storb. Please read through the information on our website and feel free to contact us by phone, fax, or email or drop by the Central Records Office, if you have any questions or concerns.
2008 is an intervening year. In an intervening year, property values may change if there was new construction on a parcel, reclassification, demolition, etc. Only owners of those properties with value changes will receive a Notice of Value in May 2008.
2007 - and every odd-numbered year - was a reappraisal year. Why?
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What to do if you don't agree |
Find Comparable Sales in your subdivision 2007
Important dates:
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- Notices of Value mailed |
June 2, 2008 |
- Deadline for appeals to county assessor |
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- Notice of Determination sent |
July 15, 2008 |
- Deadline to appeal to Board of Equalization |
August 5, 2008 |
- Board of Equalization concludes hearings |
| Within 30 days of Board of Equalization decision - appeals due to Board of Assessment Appeals, District Court or appellant must enter into binding arbitration | |
Why does government value our
property?
How do I know that this
valuation is accurate?
What time frame does this
bi-annual appraisal represent?
How do I know the market
value the assessor comes up with is accurate?
How am I notified of this
value?
How do I find
comparable sales from my subdivision?
What if I don’t agree?
After an appeal, what happens?
What if I don’t agree with the
determination?
What’s the difference between
the actual value and the assessed value?
How are taxes calculated?
Who can collect property
taxes?
For a more detailed Q&A, visit The Reappraisal and Appeals Process
Why does government value our property?
One of the revenues governments have available to them for use in providing services and maintaining assets is the property tax. Property tax rates are set by taxing authorities and the amount collected are derived from the values of real property as determined by assessors. The revenues from property taxes fund differing aspects of government, depending on the governance direction of each. In Colorado, county assessors are required by state law to value property every two years. This is done in odd numbered years.
How do I know that this valuation is accurate?
Colorado law stresses fairness, and all county assessors are bound by the law. Colorado law requires residential property to be valued by the market approach using comparable sales. Actual sales from an 18-month period are used. This data is analyzed and qualified to determine a fair market value amount. This amount is used to calculate the property taxes.
What time frame does this bi-annual appraisal represent?
The data used is from an 18-month period. For example, last year, 2007, was a year when the property appraisals were redone. Assessors term this a “reappraisal” year. Data from January 1, 2005 through June 30, 2006 is used for the valuations. Values derived during the 2007 reappraisal will be used to calculate taxes due in 2008.
How do I know the market value the assessor comes up with is accurate?
County assessors review sales documents and inspected sold properties to verify sales prices and property characteristics. The sales occurring within the 18-month period have been field inspected and photographed. Several sources, including confirmation letters, telephone calls and available Metro-List data are also used to verify the sold properties. Once all this data is collected, analysis is performed and appraisal values are tested. Each individual neighborhood is reviewed, and valuation attributes - like square footage, style, proximity to golf courses or open space, views, etc. - are finalized. All residential properties are valued this way. Once the market value is determined, the assessed value can be calculated.
How am I notified of this value?
In May of each reappraisal year, county assessors send out to every property owner of record a document known as a Notice of Valuation. In Broomfield, that document includes the prior value, the new value, the calculated assessed value, an estimate of the change in property tax, and a protest form to be used if the property owner disagrees with the appraised value. By state statute, the assessor is required to be within 95 to 105 percent of the market value of the property as of a date certain - July 1, 2006.
What if I don’t agree?
There is an appeal process that must be completed by June 1. In Broomfield, the month of May is set aside by the assessor for assisting property owners with questions and concerns. If you disagree with the assessor's valuation of your property, you may appeal the value by coming into the Central Records Office, or faxing or mailing the protest form that is included with the Notice of Valuation. Appeals will not be accepted by phone. Keep in mind that the statutory deadline is June 1. Colorado law requires that appeals must be in the assessor's office or postmarked by June 1 (June 2 in 2008, the 1st is a Sunday).
After an appeal, what happens?
The assessor must review your appeal and mail a Notice of Determination by the last working day in June.
What if I don’t agree with the determination?
Owners of real property may file an appeal to the Board of Equalization by July 15. The Board of Equalization will conduct hearings through August 5. If you are unhappy with the Board of Equalization's decision, you can file an appeal with the Board of Assessment Appeals, District Court or enter into binding arbitration, within 30 days of the decision.
What’s the difference between the actual value and the assessed value?
The actual value is the market value of the property as determined by the reappraisal process. The assessed value is derived from this. Under Colorado law, specifically the Gallagher Amendment passed in 1982, the residential assessed value is calculated as a sliding percentage designed to keep the ratio of residential property taxes and non-residential property taxes consistent. For residential properties, this percentage is 7.96 for the 2007 tax year. An example of the assessed value calculation for a home with a $200,000 market value:
$200,000 X 7.96% = $15,920 is the assessed value
All other property, which includes vacant land, commercial, industrial, agricultural and personal property, is assessed at 29 percent. An example of the assessed value calculation for a property with a $200,000 actual value:
$200,000 X 29% = $58,000 is the assessed value
How are taxes calculated?
Taxes are calculated by multiplying the assessed value by the mill levy set by each taxing authority allowed to collect property taxes. (One mill represents $1 for every $1,000 in value.) For the above $200,000 home, the Broomfield tax calculation is:
$15,920 (the assessed value) X 28.968 (total city and county mill levy) = $461
For a $200,000 property not designated residential, Broomfield’s tax calculation is:
$58,000 (the assessed value) X 28.968 mills = $1,680
Who can collect property taxes?
Taxing
authorities that can use property taxes as a revenue source are defined
and created under state law. In Broomfield, they include school
districts, fire districts, special districts, cities and counties. Each
establishes its own mill levy amount, and counties collect the
taxes for all the taxing entities in their boundaries, and then
distribute them to the various entities. In Broomfield, the
distribution of property taxes is illustrated at right:
See 2008 abstract document (PDF format)
Find Comparable Sales in your subdivision
2007 Comparable Sales with Photos and 2007 Comparable Sales for Condominiums. These list the sales from January 1, 2005 through June 30, 2006 that are used for valuing property for tax years 2007 and 2008.