A Colorado homeowner disagrees with the county assessor's valuation of her property. She believes the actual value assigned is significantly higher than the property's true market value. What is the first step she should take to formally challenge the assessment?
Correct Answer
C) File a protest with the county assessor during the designated protest period
In Colorado, the first step to challenge a property assessment is to file a protest with the county assessor during the designated protest period, which typically runs from May 1 through June 1 of the assessment year (or within 30 days of receiving the notice of valuation). This administrative remedy must be exhausted before appealing to higher bodies. The process is governed by C.R.S. § 39-5-122 and § 39-8-106.
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