Appraisal

Residential Property

A house is usually the most important investment that a homeowner has, and the Douglas County Assessor’s Office is committed to helping property owners understand their rights and the process of valuation. According to state law, the Assessor determines the actual value of residential property every two years in odd-numbered years. This is called a reappraisal. As with any appraisal, value is established as of a specific date, and for ad valorem appraisal this date is dictated by statute to be June 30th of the year preceding the reappraisal.

Commercial Property

The Assessor determines the actual value of commercial and industrial real property every two years in odd-numbered years by considering the three approaches to appraisal.

Land Valuation

The Assessor determines the actual value of vacant land in Douglas County every two years in odd numbered years. This is called a reappraisal. As with any appraisal, the level of value is established as of a specific date, and for ad valorem appraisal this date is dictated by statute to be June 30th of the year preceding the reappraisal.

Agricultural Class

The Douglas County Assessor’s Office has an ongoing confirmation program to correctly classify agricultural property using current Colorado State guidelines.

Business Personal Property

In addition to real property valuations, the Assessor is required by Colorado State Statutes to value all business personal property for taxation purposes. Business personal property includes machinery, equipment and leasehold improvements specific to business purposes. All personal property is taxable in Colorado unless specifically exempt by the Colorado Constitution.

Appraisal Licensing

Licensure is the process by which an agency of state government grants permission to individuals to engage in the practice of a particular profession, vocation, or occupation and prohibits all others from claiming those credentials.