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Take a look at the most recent updates, events, articles, education opportunities, and open positions in the Colorado Assessors' world.
Important Updates for the Colorado Assessors' Community
2026 Possessory Interest Level of Value Factor
The proposed 2026 Possessory Interest Level of Value Factor is 0.96. This rate will be proposed to the Statutory Advisory Committee (SAC) on March 19, 2026. If approved by SAC, it must then be approved by the State Board of Equalization (SBOE). The SBOE has thirty days to review and approve the recommended changes. If no action is taken within thirty days, the proposed changes are approved automatically.
If you have any questions regarding the rate, please contact Michael Krueger at michael.krueger@state.co.us or Jennifer Earp at jennifer.earp@state.co.us.
Notice of Valuation Update
The Division of Property Taxation is aware that property tax bills in some counties did not include a 2026 Notice of Valuation. Colorado law requires that Assessors mail a Notice of Valuation (NOV) and protest form to each property owner annually. The NOV and protest form can be included with the tax bill in the intervening year.
§ 39-5-121(1.2), C.R.S. Section 39-1-121(1), C.R.S. establishes the requirements of the NOV. The notice must state the total actual value of land and improvements together in the previous year, the total actual value in the current year, and the amount of any change in value. It must state that any change or adjustment of the ratio of valuation for assessment does not constitute grounds for the protest or abatement of taxes. The law requires, “The notice must state, in bold-faced type, that the taxpayer has the right to protest any adjustment in valuation, the classification of the property that determines the assessment percentage to be applied, and the dates and places at which the assessor will hear such protest. The notice must also set forth the following: That, to preserve the taxpayer’s right to protest, the taxpayer shall notify the assessor either in writing or in person of the taxpayer’s objection and protest; that such notice must be delivered, postmarked, or given in person no later than June 8; and that, after such date, the taxpayer’s right to object and protest the adjustment in valuation is lost. The notice must be mailed together with a form that, if completed by the taxpayer, allows the taxpayer to explain the basis for the taxpayer’s valuation of the property."
Section 39-1-121(1.2), C.R.S., allows the notice of valuation to be included with the tax bill in the intervening year. This fulfills the requirements of subsection (1), when there is no change in value in the intervening year.
Pursuant to § 39-5-121(1.8), C.R.S., abbreviated NOVs, mailed on a postcard, serve as a Notice of Valuation. A postcard notice must provide an accurate summary of valuation (prior year value, current year value and adjustment amounts), contact information for the assessor office, a link to the assessor's website with access NOV information, and a statement that the taxpayer may request to cease the postcard and request a full NOV be mailed to them.
If you have any questions, please contact Lori DeCrow at (970) 248-7308 or lori.decrow@state.co.us.
Division of Property Taxation Education Opportunities
The Division of Property Taxation's education program is designed for county assessors and employees.
Courses and workshops are designed to review and explain current Colorado property tax law, and present generally accepted appraisal and management techniques useful to the assessor and assessor staff.
Take a look at the Property Taxation Courses & Workshops Calendar.
To make sure you're able to attend a class, please sign up at least three weeks in advance. If you have any questions on the Division’s education calendar, please send an email to dola_dpteducation@state.co.us.
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