Tax Appeal Results

I appealed the taxes on properties that I manage as well as properties that I have an ownership interest in. The most successful appeal reduced the annual tax bill to the owners by over $30,000.

In this case the property is a vacant undeveloped land and the city requires the owner to dedicate 40 feet of ground to the city for a new proposed parkway. It was just a matter of stating the facts so the assessor can value the property accordingly.

The appeal for my residence was not quite so successful however. It was the most likely and perhaps the best supported appeal, but no reduction was granted. Denied.

All in all we faired well and I have since noticed a number of properties where the taxes were not appealed and wished I had been aware of them before to offer some assistance.

Median House Price in GJ

Out of curiosity I took a look at all stick built houses that sold in the City of Grand Junction from February 1st through July 13th this year and figured the median price per square foot, and it is....$131/sf. So if your house is 1,750 square feet then a median price for this type of house would be $229,250.

In the past three months the highest priced house per square foot sold for $175/sf, and it was under 1,500 sf.

Commercial Real Estate Stats 06/2009

According to the local Multiple Listing Service (MLS) the following statistics indicate the number of commercial properties sold in June this year as compaired to June last year decreased 45%, the price per square foot decreased 14% and the price per acre for land decreased 9%.

June 2009

• 5 improved properties sold. 3 retail/office 2 industrial
• Median price: $140 per sq. ft.

• 1 unimproved (land) property sold
• $294,030 per acre

June 2008

• 9 improved properties sold. 6 retail/office 3 industrial
• Median price: $163 per sq. ft.

• 2 inimproved properties sold
• Median price: $323,774

I'll continue to work on perfecting the analysis to make this monthly update as accurate as possible. If there is other data you would like to see reported please leave a comment and I'll send you a gift certificate (if you leave me a way to contact you).

Note: Mesa County has only updated their property sales through mid-April, if I can figure out a way to fill-in the data missing that is sold and leased outside of the MLS system, I'll include that in my monthly update.