Denver (New Property Tax Assessments) - Sticker Shock?

[Matthew Schroeder]

Dear Denver Area Investors,

Anyone else receive their new property tax assessments for the Denver Metro Area and have sticker shock?

We have 4 investment properties in Denver/Aurora & the new assessments average a whopping 29% increase over the previous assessments!  In one case, it is up 61%!!!  As buy & hold investors who typically focus first on cash flow dynamics, that definitely eats into numbers.

Anyone else have a similar experience?  Any thoughts/comments?  Any view on whether it would be worthwhile to appeal, and if so, the best practices?

I would be interested to hear others' views/comments.