CRE #196: 2023 Denver Tax Assessments Explained by Keith Erffmeyer

The Denver Apartment market is at an all-time high. Unfortunately, that means the tax assessments that are mailed to owners on May 1st will also be at all-time highs. We want our clients to be prepared, informed, and proactive.

We invited Denver County’s Assessor, Keith Erffmeyer, to join the podcast this week to discuss how residential real property is valued and best practices for protesting your valuation. Keith goes over everything apartment owners need to know about property taxes and the valuation process and presents a preview of 2023 assessments for Central Denver apartment buildings. This presentation was specifically tailored for Central Denver Apartment owners.

As a fee-based service, Calibrate Real Estate has had over 90% success appealing tax valuations for our clients that results in a decrease in valuation! Hiring someone who knows how to navigate the tax protest and appeal process is key.

The stakes are high this year for Property Valuations.  More than ever, you’re going to want to ensure your new valuation accurately reflect the market, and that the correct comps were used in determining your value.  If you have any questions about your new values, we are available to help!

Download Keith’s slide presentation

In this podcast Keith will go over:

  • The Property Tax Cycle
  • Assessment Basics
  • Critical Dates
  • Sales Verification
  • Sales Counts
  • Valuation Models
  • Developing Models
  • Model Stratification
  • Time Trending
  • 2023 Appeal Period
  • Protesting Suggestions
  • Multiple Regression Analysis
  • Testing Models
  • Comparables
  • Median Changes
  • 2022 Legislation
  • How To Calculate Residential Taxes
  • How To Calculate Commercial Taxes

About Keith: In 1994 Keith joined the Assessor’s Office as an intern and worked his way diligently through the ranks within the office. He has been a Certified General Appraiser for years and in 2005 he became the Commercial Section Supervisor and later was promoted to the role of Deputy Assessor and Chief Appraiser. He has served as Denver County’s Assessor since 2014.

Our 3 Most Recent Episodes:

  • CRE #195: MANDATORY LANDLORD LICENSING: DID YOU HIT THE DEADLINE? The City and County of Denver has now implemented a mandatory landlord licensing program that went into effect at the beginning of the year. Did you
    meet the deadline? Have you heard about the licensing program? We are here to answer all your questions and give you a complete overview of Denver’s new mandatory Residential Rental License Program.
  • CRE 193: 10 REASONS TO CONSIDER DSTS:10 Reasons to Consider DSTS Inland Private Capital Corporation (IPC) is the industry leader in offering replacement properties, typically through a Delaware Statutory Trust (DST), for Section 1031 exchange transactions, as well as quality, multiple-owner real estate solutions. Here are 10 reasons to consider DSTs.
  • CRE 192: OVERLIKED: FINDING AUTHENTICITY IN A SELFIE SOCIETY Looking for a reset this holiday season? Do you feel like you “know” what your friends are doing, but don’t really “KNOW” how your friends are doing? Would you like to find direction and meaningful relationships in a society crippled by social media? Our podcast host, Kyle Malnati, met Pastor Rob Singleton five years ago through a Denver multifamily investor, client, and friend. Kyle spent every morning for a month with Pastor Rob’s congregation as they fasted, prayed, and sang their way into the New Year. It was an experience that Kyle will never forget. Fast forward to 2021, Pastor Rob joins Kyle to discuss his new book OverLIKED.

Written & Produced by Andrew Foresman
Hosted by Kyle Malnati

Calibrate Real Estate
1660 S. Albion St. #600, Denver, CO 80222