Skip to content

Friday, Aug. 2, 2024

Did Colorado home values rise significantly in 2023?


yes

Under Colorado law, properties in the state must be revalued every two years. The most recent revaluation occurred between Jan. 1, 2021, and June 30, 2022.

The repeal of the Gallagher Amendment in 2020 was partly to blame for the double-digit increase in valuations seen across the Metro Denver area. The amendment limited how much property assessments — and therefore property taxes — could rise. The repeal was driven by state and local governments struggling with huge deficits that originated during the pandemic.

See a full discussion of this at The Colorado Sun

This fact brief is responsive to conversations such as this one.

About fact briefs

Fact briefs are bite-sized, well-sourced explanations that offer clear "yes" or "no" answers to questions, confusions, and unsupported claims circulating online. They rely on publicly available data and documents, often from the original source. Fact briefs are written and published by Gigafact contributor publications.

See all fact briefs

The Colorado Sun is a journalist-founded, award-winning and nonprofit news outlet based in Denver that strives to cover all of Colorado so that our state — our community — can better understand itself. In this way, we believe we can contribute to a more vibrant, informed and whole Colorado. We are committed to fact-based, in-depth and nonpartisan journalism. We cover everything from politics and culture to the outdoor industry and education. Our goal is to produce the best possible journalism. We do that with the help of you, our readers, and community backers. We launched on Sept. 10, 2018.

Learn More

Be a Friend of facts

Help us fund more great fact briefs like this one.