Significant valuation increases expected for county property owners

Property owners in Colorado can expect tremendous valuation increases when they receive their 2023 Notice of Valuation on or about May 1, including Phillips County. If you have not been following the local real estate market, it might be a shocking number. Over the past two years, a strong demand for real estate, increased building material costs, historically low mortgage rates, a steady migration from larger cities into Eastern Colorado and families upgrading to larger homes, have all contributed to these historic valuation increases. We have experienced double digit increases, consistent wi...