What Eagle County Property Owners Should Know About the Notice of Valuation and Property Taxes

If you own real estate in Eagle County, you likely received a Notice of Valuation (NOV) from the County Assessor’s Office this May. While it might look like routine paperwork, this notice plays a major role in determining your property tax bill. Here's what it means—and what to do next.

 

What Is the Notice of Valuation?

The Notice of Valuation is issued by the Eagle County Assessor’s Office every two years, in May of each odd-numbered year. It provides the county’s estimated market value of your property as of June 30 of the previous year—this time, June 30, 2024.

This valuation is used to calculate your property taxes, so it's worth a close review.

 

What's Included in the NOV?

Your Eagle County NOV will include:

  • Your property’s location and classification
  • The prior and current actual value estimates
  • The assessed value used for tax purposes
  • A list of taxing districts that impact your bill
  • Any exemptions applied to your property
  • Instructions for how to appeal

 

Why It Matters

An increase in your assessed value can result in a larger tax bill. While Eagle County and the State of Colorado may adjust mill levies to offset rapid appreciation, a significantly inflated valuation can still lead to overpayment if it's based on incorrect or outdated property data.

 

How to Appeal Your Property Valuation in Eagle County

If you believe your property has been overvalued, you have the right to appeal. Here's how:

  1. Review recent sales of comparable properties in your area (ideally from July 1, 2023, to June 30, 2024—the data period used by the county).
  2. Submit your appeal by June 8, either online, by mail, or in person to the Eagle County Assessor’s Office.
  3. Include supporting documents, such as photos, MLS data, or recent appraisals.
  4. Be prepared to attend a hearing if needed.

You can start the appeal process directly on the Eagle County Assessor’s website.

 

Colorado-Specific Factors to Keep in Mind

  • Assessment Rate: For residential properties, only a percentage of the actual value is used to calculate taxes. That percentage can change based on state legislation.
  • Senior Exemption: If you’re over 65 and have owned your primary residence for at least 10 years, you may qualify for the Senior Homestead Exemption.
  • Mill Levy Changes: Mill levies are set by local taxing authorities (schools, fire districts, towns, etc.), and they can fluctuate based on budget needs.

 

Final Thoughts from the Trueblood Team

If you're feeling overwhelmed by your NOV—or wondering if your valuation is accurate—you’re not alone. Many homeowners across Eagle County are seeing increases again this year.  As local real estate experts, we’re happy to help you analyze comparable sales, understand your notice, or guide you through the appeal process if needed. Don’t hesitate to reach out. Let us know if you’d like a custom CMA or second opinion on your assessed value—we’re here to help.

 

Want to make sure you're not overpaying on property taxes?
Contact the Trueblood Team for a complimentary property value review.