Source: http://www.julesburgadvocate.com/ci_31652244/assesors-corner
Timestamp: 2019-04-25 02:18:57+00:00

Document:
Colorado law requires a two-year assessment cycle for all real property. Tax year 2018 is the second, or intervening year, of the current two-year cycle. During intervening years, the Real Property Notice of Valuation may be mailed with the tax bill when there is no change in the value of the property pursuant to § 39-5-121(1.2), C.R.S. The actual value of your property appears on your 2017 Property Tax Notice under “Actual Value.” The value of residential property is based on the market approach to value. Generally, the value of all other property is based on consideration of the market, cost, and income approaches to value. The appraisal data used to establish value is from the 18-month period ending June 30, 2016, § 39-1-104(10.2)(a) C.R.S. If insufficient data existed during the 18-month data gathering period, data from each six-month period (up to a period of five years preceding June 30, 2016) may be utilized, § 39-1-104(10.2)(d), C.R.S. The residential assessment rate for tax years 2017 and 2018 is 7.20%, § 39-1-104.2(3), C.R.S. A change in the residential assessment rate is not grounds for protest or abatement of taxes, § 39-5-121(1), C.R.S. Generally all other property is assessed at 29% of actual value, § 39-1-104(1), C.R.S.
If the 2018 actual value of your property differs from the 2017 actual value, a separate Notice of Valuation will be mailed to you no later than May 1, 2018. You have the right to appeal the classification and/or valuation of your property each year. Please refer to the Real Property Appeal Procedures for additional information.
If you have further questions, please contact the Sedgwick County Assessor’s Office at 970-474-2351 or via email at assessor@sedgwickcountygov.net.

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