Property owners should have received their notices of valuation, which reflect residential and commercial property values as of June 30, 2018, according to a news release from Douglas County.
“Reflecting the excellent quality of life in Douglas County, real estate values have continued to experience steady increases for all property classifications, along with near record-setting new construction,” Douglas County Assessor Lisa Frizell said in the release.
Frizell reports that the median single-family detached home property value is now $492,000, an increase of 14.5% from the 2017-2018 level of value, the release said.
In 2017 and 2018, Douglas County saw the completion of more than 6,400 new residential properties, which has helped to keep Douglas County value increases significantly below that of other metro area counties.
“We have experienced a smaller increase in property values than in any other Denver metro county, in part due to the growth in Douglas County’s housing supply from new construction,” Frizell said in the release. “As with the 2017 reappraisal, our condominium and townhome housing saw the largest appreciation in value. These homes are in high demand in Douglas County and saw median increases of 16 percent.”
To research comparable sales, view estimated taxes and review information regarding appeals, go to www.douglas.co.us/assessor.
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