Property Value Assessment
Big oil and gas companies appear to be the latest entities focused on finding legal remedy over erroneous volumes and revenues of natural gas reported to Colorado counties for properties they’ve invested in.
Despite the fact that the misreporting may have come from the companies themselves, the state Supreme Court ruled in favor of Oxy USA Inc. v. Mesa County Board of Commissioners, which laid the groundwork for gas and oil companies to be able to request abatement and refunds from counties or local taxing districts to recoup losses.
“The county has a track record of treating taxpayers fairly, so I believe they’ll pay it,” said Garfield County Assessor Jim Yellico.1
The following information on oil and gas companies that filed for abatements and refunds from counties and taxing districts was gather from news reports:
An abatement and refund is owed when a taxpaying entity or person believes that their property has been erroneously or illegally taxed due to negligent or erroneous valuation for assessment, a mistake in levying, administrative error, or over valuation. The abatement and refund process is generally started when a taxpayer misses the deadline for protesting the assessor’s valuation. Taxpayers who feel they have been wronged, over-taxed, or over valuated can file an abatement petition with the county court to request either an abatement of taxes due or a refund of taxes already paid.
Filing an abatement and refund petition is a complicated process that requires a knowledgeable and experienced Denver property tax lawyer. The Denver Property Tax Lawyer at Downey & Associates, PC has more than 30 years of experience in property tax law and dispute cases. To set up a free, initial consultation, call us today at 303-813-1111 or use the message form on the right-hand side of the page.
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1“Energy companies seek $7.2 million refund of property taxes overpaid in Garfield County” published in Denver Post, Dec. 2017.
2“Garfield County, Caerus Settle for $1.1M in Gas Production Dispute” published in Post Independent, March 2018.
Move over Erin Brockovich and make way for the “Little Pink House!” Another real-life heroine has come to the big screen in the form of a working-class woman determined to save her cottage-style house in New London, CT. Based on a true story, the movie stars Catherine Keener as Susette Kelo and focuses on her attempts to save her house from eminent domain. Kelo took her case all the way to the U.S. Supreme Court.
“I walked in this house, and this feeling I have to say of being here all my life came upon me,” Kelo said in an interview with Megan Kelly on the Today Show. Kelo bought the property in the 1990s and one year after fixing it up and painting it pink, a real estate agent representing the developer tried to buy it from her. “They said that they were acquiring the properties in light of a development. They came once, and I said I wasn’t interested. Then they came again, and I pretty much told them not to come back,” said Kelo.
The following details and allegations were gathered in recent news reports:2
Here are some of Colorado’s eminent domain laws broken down that are found in Title 38 of the Colorado revised statutes (C.R.S. 38-1-101).
If you have been offered money for your property, because a condemning authority plans to build over it, you should retain the help of an experienced Denver Eminent Domain and Condemnation Attorney with Downey & Associates, PC. If the condemning authority’s plans are for anything other than a public use, then we can help you get the justice you deserve. For a free, initial consultation, call us today at 303-813-1111 or send us an e-mail.
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1“This Woman’s ‘Little Pink House’ Was Taken Away by The Government” published in NBC’s Nightly News, April 2018.
2“New film shows eminent domain gone wrong” published in the Denver Post, May 2018.
As houses along the Front Range sore in value, setting off statewide property tax cuts, it’s the folks who live in the rural areas that are feeling the pinch. The rising home values are bringing urban homeowners some much needed economic relief in the form of $450 million property tax cuts in 2018. With a general decrease in property taxes in the smaller, rural communities, it’s forcing small rural government agencies to tighten their belts.
“We’re trying to sit on as much as we can,” said Grand County Fire Chief Ron Thompson, but if revenues don’t start to grow, the reserves will eventually run out.1
Economic forces are already struggling factors in rural Colorado, for instance:
Typically, when home prices shrink, homeowners should hope for lowered property taxes. But, there’s times when you may still feel as though you are paying too much for property tax. If so, here a list of steps to take:
If you feel your home has been erroneously assessed in value and you’d like to appeal your county’s property valuation assessment, contact the Denver Property Tax Appeal Attorney at Downey & Associates, PC. Our team has more than 30 years of experience in property tax law. In the event, you missed the deadline for filing a protest, you may still be able to file abatement. Call us today at 303-813-1111, or fill out the contact form on this page.
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1“As the Front Range Grows, Rural Colorado Gets Less: How Rising Home Values in Denver are Crippling Small Fire Departments” published in the Denver Post, Nov. 2017.
August 28, 2018
Big oil and gas companies appear to be the latest entities focused on finding legal ... Read moreMay 15, 2018
Move over Erin Brockovich and make way for the “Little Pink House!” Another real-life heroine ... Read moreNovember 28, 2017
As houses along the Front Range sore in value, setting off statewide property tax cuts, ... Read moreRecent Posts
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