Wednesday, January 26, 2011

“Property tax deadline - and that late fee - loom” plus 2 more

“Property tax deadline - and that late fee - loom” plus 2 more


Property tax deadline - and that late fee - loom

Posted: 25 Jan 2011 09:24 PM PST

[fivefilters.org: unable to retrieve full-text content]

A hefty 7 percent penalty is levied on overdue payments.

Property owners can expect similar tax bills

Posted: 26 Jan 2011 06:02 AM PST

Property owners in Garfield County can expect to see their tax bills by the end of this week, but don't expect to see a big change in the amount that's owed.

The assessed value of most properties has gone down in the last couple of years. But the lower value won't be reflected in property tax bills until 2012.

"The tax bill that you're paying for 2010 is based on the assessed value from July 2008," said Garfield County Assessor Jim Yellico. "Property values have seen a pretty big drop since then — from 20 to 40 percent — but you won't see that until you pay your bill [next year] for 2011."

The assessor's office is currently reassessing value for properties throughout the county based on June 2010 values, which will reflect the drop in values since the recession. Property assessments are revalued every other year and property owners will receive a new notice of valuation in May.

"We expect a drop in property value, but that doesn't necessarily mean you should expect it to correlate with a drop in property tax," Yellico warned.

The property tax bills will go out by the end of the week and should be about the same as last year, according to Garfield County Treasurer Georgia Chamberlain.

"Other than something dramatic that has changed, they should be approximately the same," she said.

Property owners have the option of paying their bill in full by May 2, or in two installments with the first due on Feb. 28 and the second on June 15. For those who hold mortgages, the tax bill may be paid to the mortgage company and held for payment to the county in an escrow account.

All tax bills are sent to the address of record on file with the Garfield County treasurer's office. If your address has changed or you have questions about your bill, call the county treasurer's office at 945-6382.

This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read our FAQ page at fivefilters.org/content-only/faq.php
Five Filters featured article: Collateral Damage - WikiLeaks In The Crosshairs.

Property tax bills on the way

Posted: 25 Jan 2011 11:19 PM PST

The Arapahoe County Treasurer's Office was to begin mailing property-tax notices on Jan. 24, but only property owners who pay taxes directly — not through a mortgage company — will receive a notice unless they have requested one.

"Since Arapahoe County is joining other counties in providing tax notices electronically, we want to make sure all property owners are aware of this change," Treasurer Sue Sandstrom said.

Instead of mailing about 218,000 notices as the county has done in past years, the treasurer will be sending roughly 100,000 in 2011. That will save the county approximately $40,000 in paper and postage expenses, according to the treasurer.

"But, we also want to let all property owners know they have the option to take advantage of e-notices, or opt in to receive a paper copy if they prefer," she added.

Last October, the treasurer's office notified nearly 115,000 property owners that they will receive their tax bills electronically in 2011 because the Colorado Legislature passed a law authorizing counties to do so.

Historically, the tax bills have been mailed in January to all property owners. The bills cover taxes for the previous year.

The treasurer's office also sends the tax information to mortgage lenders, but Sandstrom said property owners are the ones who are ultimately responsible and may want to follow up with their lender to make sure their taxes have been paid.

Included with the 2010 tax bill is a yellow insert offering property owners the opportunity to discontinue paper copies of their tax bills.

All property owners will be able to access an electronic version of their tax notices at co.arapahoe.co.us/departments/tr in early February.

For more information, call 303-795-4550.

This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read our FAQ page at fivefilters.org/content-only/faq.php
Five Filters featured article: Collateral Damage - WikiLeaks In The Crosshairs.

0 comments:

Post a Comment