Coloradans seeing shocking increases in property tax assessments

DENVER (KDVR) — Susan Hidalgo is very concerned about her property taxes this year.

“They just keep going up,” she said.

Hidalgo says she’s lived in her Arapahoe County home for 32 years and the value has exploded, and therefore so have the property taxes.

“They are acting like I have a 12 bedroom mansion and I don’t,” she said.

Matt Leprino, a spokesperson for the Colorado Association of Realtors said, “There are some people who are opening up some rather surprising tax bills right now.”

The most recent assessments, he says, were made near the height of the market in 2022.

“If you bought your house for say $500,000 in 2018 it was very realistic that that was a $700,000 house in 2022,” Leprino said.