Archive for the ‘Taxes’ Category

What Goes Up . . . Means More Taxes

Wednesday, May 17th, 2017

Screen Shot 2017-03-13 at 10.46.31 AM

In Steamboat Springs, property values are on the rise and the Routt County Assessor Office is taking note.  These rising values are likely reflected on the Notices of Valuation that recently went out from the Assessor’s Office, which will translate into your property tax bill for 2017 and 2018.

Below is some basic information about how the Assessor determines a property’s valuation, what the valuation translates to in terms of the amount of property tax due, what were the overall stats for our area, and what to do if you believe that your valuation is incorrect.

HOW DOES THE ROUTT COUNTY ASSESSOR DETERMINE A PROPERTY’S VALUE?
The “Actual (Market) Value” shown on your Notice of Valuation (NOV) is based on what is known as an “Effective Appraisal Date” of June 30, 2016. The appraisal collection period is the 24 months prior to June 30, 2016, and the appraisers in the assessor’s office determine the actual value using appraisal standards and methods. The appraisers will take the information for sales that occurred over the collection period for similar types of properties, and use that information to formulate the “actual value” or “market value” for each property in Routt County. Most property types saw an increase in values over the previous collection period which ended on 6/30/2014.

Steamboat Spring Real Estate Report

Wednesday, September 2nd, 2015

The Real Estate Report for Steamboat Springs, Colorado

Camping along the Elk River

Camping along the Elk River

School has started here in Steamboat Springs and like many families, we are trying to squeeze in as much outdoor fun as we can before we put our flip flops away.

By the way, did you know that 4th graders and their families get free admission to National Parks until August 2016? Click here for details.

Routt County Real Estate Analysis

June was a great month for Routt County real estate but July was even better. Gross sales for the month was $80.6M, up +32.1% compared to July 2014 and up +9.68% year-to-date.  168 transactions were closed in July up +54.13% compared to July 2014.

Pending Sales UP

Pending Sales UP

 Sales and UP

Sales and UP

 


Residential Transaction Price Point Analysis

 

Price Point

# of transactions

% of transactions

Previous month % of transactions

% of volume

Previous month % of volume

Under $500K

74

63%

70%

37%

41%

Routt County Real Estate Tax Assessment- Don’t Freak Out

Wednesday, May 8th, 2013

Routt County Real Estate Tax Assessment- Don’t Freak Out

routt county tax assessment

routt county tax assessment

Last week, Routt Country sent out the new real estate values to all home owners in Steamboat Springs, Colorado. Many of you are reading about the Steamboat Springs real estate recovery yet looking at your recent assessed value for your home and reading that it’s worth about 10, 20, even 30% off what you had thought your home might be worth. You are not alone.  These assessed values are calculated off of a June 30, 2012 date. Or something around that date.

The assessed value you read today are not accurate. These amounts are a guesstimate based on the sales price of homes in the past. It’s very likely your home is worth more . . . a lot more!