Friday, April 15, 2011

Notices of Value for La Plata County coming in May

We want to give you a heads up that next month (May, 2011) Colorado assessors will be mailing a Notice of Value to La Plata County property owners. These values will be based on market conditions from January 1, 2009 until June 30, 2010. This period of time is set by Colorado statute. Right now assessed value is set based on the 2008 level of value, as determined by market conditions during January 2007 to June 30, 2008, and that period showed much more positive market conditions than we have experienced since then. But, don't have high expectations that your taxes will go down given the new assessments based on the more current and negative market conditions. Everyone is part of the tax base, which goes up and down, like rising and falling tides, and the tax roll will be shaped based on mill levy elections for such things as our local Schools, the Business Improvement District, The Water Districts and the county market for oil and gas. Earlier this year it was reported that there has been a general drop of around 33% in oil and gas valuation which historically has born a huge proportion of La Plata property taxes. If you have questions about your Notice of Value you can contact the Office of the La Plata County Assessor, 970-382-6221.

If you have any questions, please do not hesitate to call me. You can reach me, Don Ricedorff, at The Wells Group 970-375-7014, don@frontier.net, or at my website at durangorealproperty.com.

Don Ricedorff is a licensed real estate broker in the State of Colorado, with 18+ years of experience, and he resides in Durango Colorado.He has numerous real estate designations, which have provided him with an unparalleled education to assist his clients. The designations include:

CRS, Certified Residential Specialist
CRB, Certified Residential Broker
CCIM, Certified Commercial Investment Member
CDPE, Certified Distressed Property Expert
ABR, Accredited Buyer Representation
GRI, Graduate of Realtor Institute
RSPS, Resort and Second Home Property Specialist
CIPS, Certified International Property Specialist
SRES, Senior Real Estate Specialist


He is also an active volunteer in the community and his church. His highest aspiration is spending time with his wife, Janet, and his three children Kelly, Katie, and Kyle. His other interests include playing tennis, fly fishing, hiking, boating, and water skiing.

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