Property Valuation Protest

We understand it is not a revaluation year, however, you can still protest your 2019 valuation between 5/1/20 & 6/1/20 if you received notice that the assessor changed your valuation for 2020 (payable in 2021) by May 1st. These valuation changes are usually due to new construction or a change of classification. See the attached assessor’s notice for more information and contact our office with any questions.

Here’s how it works:

• The Assessor mailed out a yellow protest form along with your tax bill by May 1st 2020.
• The protest deadline is June 1^st; a small window of time in which to file a protest.
• If a protest is not filed by the deadline then the right to protest is lost for this year.

Here’s what Telluride Consulting, LLC can provide:

• A Comparable Sales report of 18 months of verified sales similar to the subject property.
• The report will include all relevant sales that occurred during the period from Jan 1, 2017 through June 30, 2018.
• This period is the state-mandated time frame for sales upon which to base the new valuation.
• The sales will be sorted by Price, allowing easy comparison with the subject property.
• The property owner will have the basic data upon which to make an informed decision on whether or not to protest.
• Should the property owner decide to protest, we can provide them with multiple reports, narrowing the comparable criteria in order to establish a justifiable specific reduction in valuation.
• Accompanying these reports will be a detailed letter of analysis, which can be directly submitted to the Assessor, with the reports, as a formal protest.
• There are four steps available in the valuation protest process:
  1. Protesting to the County Assessor.
  2. Protesting to the Board of Adjustment (i.e. County Commissioners).
  3. Protesting to the State Board of Assessment Appeals.
  4. Protesting to the District Court.

Here’s what we charge:

• Option 1 (Client Filed): IF your client orders a Comparable Sales report, the price is $250, AND they are guaranteed our services if they decide to protest before May 15^th. Our detailed letter of analysis and related reports are billed at $125 per hour.
• Option 2 (Telluride Consulting Filed): IF your client wants us to file the protests, we will go through Steps 1 & 2 (i.e. Assessor and Board of Adjustment) and if approved we will charge you 30% of the savings for the year the valuation lasts in addition to the $250 Comparable Sales report.  If needed, we can also perform Step 3 at a charge of $125 per hour. If the property owner wishes to go to Step 4, we will provide consulting services at a charge of $125 per hour.

Here’s why you should refer your clients to us:

• We are highly successful in our valuation protests due to our strategic approach and comprehensive database.
• Our work is reliable and respected by the county.

Because the protest period is so short, we encourage you to reach out to us at scott.catapult@gmail.com or (970) 708-1804 as soon as possible if you or your clients’ current valuation seems too high.