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Colorado Real Property Tax Lowered

David A. Sprecace, P.C.

Every little bit helps.  Colorado property tax assessment rates and taxable valuations for the 2023 tax year have been reduced.

  • all residential property is reduced to 6.765% (from 6.95% for single family property and 6.80% for multifamily property); and
  • nonresidential property (other than oil and gas, agricultural, and renewable energy producing property), is reduced to 27.9% (from 29%).

When determining the 2023 assessed values, assessors must apply assessment rates to the actual value of the residential property, less $15,000, and to the actual value of improved commercial property, less $30,000. However, these subtractions cannot cause the valuation for assessment of the property to fall below $1,000.


Colorado Office
600 17th St #2800s

Denver, CO 80202

Client Reviews

Dave has ridden to our rescue on many occasions. It’s not that I try to get in trouble but Dave is always there to bail me out. Dave went toe-to-toe with the IRS over a several year legal battle. Nothing like having a...

- Russell and Lisa P.

My business partner and I hired Dave to represent us with an IRS tax audit of our company and individual tax returns. There were other family members and other businesses involved, and the IRS initially wanted more than...

- Mark M.

I called Dave to help me file several years of income tax returns. After the returns were filed, Dave filed an Offer in Compromise to get rid of the old taxes. The IRS accepted a small fraction of the original amount...

- Mike W.

When I needed to buy out my business partner, Dave told me of the possible pitfalls with the Operating Agreement, walked me through the entire process, helped me value the company, and make an offer. I was able to keep...

- Yvonne A.

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