Tuesday, July 18, 2023

More than half of Summit County’s property valuation appeals have been denied

 #breckenridge #realestate #colorado


In what Summit County Assessor Lisa Eurich called a “historic year,” county residents have filed the most property valuation appeals in nearly 15 years

At 7,366 appeals, it’s the most protest from property owners seen in Summit County since the 2008-09 Great Recession. More than half of those appeals, 54%, were denied while 45% were adjusted, according to data from the assessor’s office. 

That’s more adjustments than during the last valuation cycle in 2021, when 38% of all appeals were adjusted, according to Eurich. But this year also saw roughly five times the amount of appeals, increasing from 4% of all county property in 2021 to 19% in 2023. 

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