Did you know that 2019 is a reappraisal year in the State of Colorado?
Notices of Valuation have been received in the mail by all property owners, reflecting residential and commercial property value as of June 30, 2018, per state statute.
Reflecting the excellent quality of life in Douglas County, real estate values have continued to experience steady increases for all property classifications –along with near record setting new construction,” said Douglas County Assessor Lisa Frizell. She reports that the median single-family detached property value is now $492,000, an increase of 14.50% from the 2017 – 2018 level of value.
In 2017 and 2018, Douglas County saw the completion of over 6,400 new residential properties, which has helped to keep Douglas County value increases significantly below that of other Metro Area counties.
“We have experienced a smaller increase in property values than in any other Denver Metro County, in part due to the growth in Douglas County’s housing supply from new construction,” said Frizell.
“As with the 2017 reappraisal, our condominium and townhome housing saw the largest appreciation in value,” said Assessor Frizell. “These homes are in high demand in Douglas County and saw median increases of 16 percent.”
Please visit www.douglas.co.us/assessor to research comparable sales, view estimated taxes, and review information regarding appeals.
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