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Update from the Colorado Tolling Enterprise Meeting 16 Oct 2008

Documentation for formal dispute of assessed property values.

This is a letter written by the El Paso County Assessor, Mark Lowderman, to Representative Marsha Looper about how the Super Slab affects property values submitted during House Transportation Committee testimony on HB08-1007.
While the assessor states in the first part of his letter, it is the documents filed against properties which is causing the reduced value, most people with property for sale in the corridor are unable to even get people to look at their properties, simply because the corridor exists. The assessor goes on to explain how the existence of the corridor in fact causes an economic obsolescence of properties within the corridor simply from the mere existence of the corridor, not the title documents.

05:36 PM -- Mark Lowderman, El Paso County Assessor, spoke to the potential impacts on notices to title and the impact on assessed values in El Paso County. He spoke about the 2007 property tax appeal period and the problems that property owners were having refinancing their properties. He discussed the fiscal impact to the county and said that economic obsolescences were measurable. He thought that a 20 percent decrease in property values to impacted property owners might be a reasonable estimate.