Property taxes for Roaring Fork Valley residents soar 12 to 57 percent

ASPEN REAL ESTATE: BASALT/EL JEBEL — Eagle County residents of the Roaring Fork Valley were floored Saturday when they opened their tax bills for 2009.The property tax hikes ranged from 12 percent for a homeowner in Missouri Heights to 57 percent for a resident of the Hill District in Basalt.
Property owners who were paying attention knew their bills were headed up. The state conducted a revaluation last year that reflected property prices as of June, 30, 2008 — before the recession whacked the market. Nevertheless, the consequences of the higher valuations weren’t entirely clear until the tax bills arrived. Pitkin County residents will begin feeling the pain as early as Wednesday, when tax bills start arriving. Eagle County got a jump on the process by mailing out 40,210 tax bills on Jan.14. Bills arrived at the homes and businesses of taxpayers in the Basalt and El Jebel areas on Saturday.The value of most homes has plummeted since data was collected for the adjustments but usually values are higher than the amount used for figuring taxes.
By Scott Condon, Jan. 20, 2010 Aspen Times

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