Tax time for all Americans begins when the calendar rolls into a new year as individuals scramble to secure W-2s, 1099s, and other important documentation to file a return. Reporting income and other information from the preceding year must be done within the first three and a half months (April 15), unless an extension is secured. However, for residents of Denver and some surrounding counties, this also signals another tax application and deadline.

Property taxes are typically associated with real estate and used by local governments for a variety of different reasons. Education, roads, sewer, and other utilities are common causes addressed for improvement with the funds collected. Colorado counties also reserve the full amount secured for use within its own borders and does not forward any of the money to the state. In addition to real estate, other items such as cars, boats, recreational vehicles, campers, etc. may also be subject to some form of tax payment. Unfortunately, like most taxes, the reporting, collection, and assessments are often complicated but fortunately help does exist.

Due Date

Denver property taxes have two payment options with three different due dates depending on the option selected. For those who elect to pay the full amount due, their date of payment is anytime prior to April 30. In the event a resident wishes to break up their payment into two equal installments the first must be submitted by February 28, with the remaining balance paid before June 15. While this option does require a submission before the year’s second month comes to a close, it does provide a nice cushion before the second half payment must be submitted.

Declaration Schedule

Citizens are required to submit their declaration schedule in order to determine the amount of tax owed for their eligible property. This is typically a similar payment due annually but there are instances which could change your amount. Other than selling items, any improvements - including finishing out a basement, central heat and air upgrades, building on or adding a room, etc. could all cause a change to your previous tax payments.

Appeal

Fortunately there is an appeal process for patrons who feel the calculated tax doesn’t accurately represent their current situation. Appealing to the County Board of Equalization may save you a considerable amount and assistance is available.

Once you’re ready to file, if you need help determining exactly what to report, or have any other property tax related questions, then let the tax professionals at Bloch Rothman and Associates assist you today. In addition to providing answers for your questions and a successful appeal record, they can also take care of multiple other issues dealing with paying or owing back taxes, required audits signaled by either the IRS or an outside agency, or any other personal or corporate wealth management issues. Along with providing a top quality comprehensive tax service, our group can also complete all types of returns and get answers to any other factors associated with financial issues or concerns you may have. Serving Denver and all of the surrounding areas for over 35 years, our firm has an extensive history in helping clients with any and all of their tax issues or dealings with the Internal Revenue Service. If you have questions about your property, personal, business, estate, or any other filings, don’t hesitate to contact us today for a free consultation. Available for all of your tax needs, there are also a number of bookkeeping and payroll services offered to assist you and your business. We look forward to meeting you and providing the type of service you can rely on whatever your needs may be very soon!