Whether you own property in Gunnison County or somewhere else in Colorado, your 2019 and 2020 values are based on sales that occurred up to the 2019 reappraisal date of June 30, 2018. 2019 was a reappraisal year. Colorado law requires assessors statewide to revalue all real estate in their respective counties as of a specific appraisal date, and for the 2019 reappraisal that date is June 30, 2018. The revaluation, or reappraisal, occurs in odd-numbered years, and in the intervening, or even-numbered, years the value stays the same as the previous year unless the property has changed.
Every reappraisal, we disregard the old valuations and start from scratch using an entirely new sales list. In other words, we are not allowed to adjust values up or down by a percentage, but instead have to analyze sales from a specific study period. In the case of the 2019 reappraisal, transactions that occurred between July 1, 2013 and June 30, 2018 were used for analysis. We cannot consider sales or market influences that occurred after June 30, 2018.