You should have heard back about your property taxes from Larimer County by now. If you protested and received a reduction in your assessment, congrats! I would love it if you contacted me with your experience--what is was assessed at and what you thought it should be assessed at--and the result. If you did not receive a reduction after protesting, I need that information, too. You can appeal that decision but you only have until July 15. Call me if you need help. So far, the agents at ROOTS …
Taxes
Time to Protest Property Taxes is Almost Over
Runnin’ Out of Time, People! Are you still going to protest your property tax valuation in Larimer County? You better hurry up. Deadline is Monday June 3. I just finished 22 of them for friends and clients. Half of them may win. Some of the valuations had a 50% increase; others less than 20% and they are the ones who may lose. Some of my clients had homes who lost value. No one is asking why. Maybe there was a sale in the neighborhood on a house that teetered on “fix it or tear it down.” Maybe …
24 Tax Property Protests Later…
I spent most of last weekend pulling ‘comps’ for clients looking to protest their 2017 property tax assessments. Larimer County has a nifty feature that allows you to pull up your own comps (sales that are comparable), but they don’t have all the features provided by our local MLS. Has it been remodeled? Was it a hoarder’s paradise? Was it a bi-level or ranch with one bedroom on the main with a weed production facility in the basement? We can’t always tell if someone has been growing pot but …
Protest Your Tax Assessment (maybe)
I’m up to 22 as of this morning. I wish it were 22 running miles but my wrecked knee precludes that. I have 22 requests to help clients protest their tax assessment in Larimer County. I expect that to double as the month progresses. People are asking if it’s worth it and my answer depends on the difference between their 2015 assessment and 2017’s. It seems as if the 2015 assessments were reasonable and I didn’t have many clients asking for help. Most of us shrugged our shoulders and accepted …
Forgiving Mortgage Debt without Penalty: Time is Almost Up
In 2007, Congress created a bill that would give some tax relief to homeowners who had lost their home through foreclosure or short sale or received some type of mortgage reduction on their home. Normally, the deficiency created by the sale or refinance of a home for less money than what is owed creates a tax liability for the seller. Whatever amount the bank forgives is considered income and the seller usually has to pay taxes on that amount. The Mortgage Forgiveness Debt Relief Act of 2007 …
