Tax relief on the horizon for Douglas County homeowners
For homeowners in Douglas County, there is good news. In September, the Board of Douglas County Commissioners in its capacity as the County Board of Equalization approved Douglas County Assessor Toby Damisch’s recommendation for an across-the-board reduction of 4% in assessments for single family residential property owners. This would provide an average of $223 in estimated property tax relief for homeowners, an aggregate tax reduction of $28 million. The reduction in property values will also reduce tax revenue increases for many taxing authorities with a mill levy providing services to a residential property.
Douglas County was most impacted by the 2023 Assessed Values Process per state law.
“This year, our homeowners are experiencing the most impactful property reassessment in Colorado history,” said Damisch. “The assessed value of most homes in Douglas County increased between 30-60%. As a result, about one in every four homeowners [or 33,000] filed an appeal. We are seeing and experiencing the desperate need for relief.” Damisch’s report said that it was triple the next highest year of appeals.
Residents will see tax reduction on their January 2024 property tax statement. Overall, 125,809 parcels will be reduced.
To read Damisch’s report, visit www.douglas.co.us/assessor/annual-assessor-report-to-the-cboe/.
Information provided by Douglas County Assessor’s Office