Jim Everson, Jefferson County Assessor, released the results of the 2009 revaluation of all real property in Jefferson County. Notices of Valuation for 2009 will be sent to property owners on May 1, 2009. The values in the 2009 notice will reflect the value of property as of June 30, 2008 as required by State law. The last revaluation of the County was done in 2007.

"County-wide, the median value of an existing single family home decreased from $257,970 in 2007 to $249,970 in 2009. The median percentage value decrease for single family homes in the County was -3.8%. However, there was a lot of variability as between individual neighborhoods which ranged from a 11.6% median increase to -12.0% median decrease. Areas showing median decreases were Arvada (-6.0%), Wheat Ridge (-5.8%), Morrison (-3.7%), Lakewood (-2.2%), South Jeffco (-1.5%), and Golden (-0.8%). Areas showing increases were Conifer (0.1%) and Evergreen (0.4)." said Everson, "Neighborhoods with high foreclosure rates were hit the hardest. Of course, individual properties can and will vary from these averages. On the business side, we are seeing actual value increases of about 2% with the largest increases coming in the hotels, auto service and manufacturing and slight increases in offices and office condos. Retail, apartments and other multi-family values declines slightly."

"Because of the difference in assessment rates, 7.96% for residential and 29.00% for non-residential, and including new construction, the assessed value of real property increased by 2.5% over 2008."

If the average mill levy remains fairly constant at about 100 mills, residential property owners, on average, will pay about $8.00 in taxes for every $1,000 of the "Current Year Actual Value" shown on their Notice of Valuation. Non-residential will average $29 per $1,000. This will vary based on the specific mill levy for the tax district where the property is located. Total mill levies range from 75.422 mills to 184.424 mills. Thus, a home with a $300,000 actual value could be subject to property taxes ranging from $1,801 to $4,404 depending on the tax district in which it is located. Data about specific properties will be available after May 1 st on the Assessor web site at http://assessor.jeffco.us.

"If owners disagree with the values in the May 1 notice, they need to appeal with my Office on or before June 1," stated Everson, "As always, I will make myself available to speak to interested groups to discuss details of the assessment calendar, valuation process and the appeals procedure."