In this episode of The Brinkman Report, host Kevin Brinkman delves into the complexities of property tax assessments in Colorado and the mountain states, particularly as the May 1st deadline approaches. He welcomes Matt Poling, a principal at Ryan, one of the largest tax firms specializing in property taxes, to provide expert insights.

Matt explains the assessment process in Colorado, noting that properties are reassessed every two years based on data from six months prior to the assessment date. He highlights the significant increase in property values in 2023, especially for single-family homes, which saw an average increase of 35% to 45%. This surge led to a record number of appeals as property owners sought to contest their assessments.

Looking ahead, Matt shares his expectations for multifamily properties, predicting a decrease in assessments of 15% to 25% in aggressive counties. He discusses the complexities of assessment ratios and mill levies, which can affect tax bills despite potential decreases in property values.

Emphasizing the importance of communication during the appeal process, Matt advises property owners to file appeals by the June 9th deadline to enhance their chances of success. The conversation also covers how different asset classes, such as office, retail, and industrial properties, are performing in the current market.

Kevin and Matt discuss the implications of recent legislative changes, including the repeal of the Gallagher Amendment, which has transformed the landscape of property taxation in Colorado.

About Our Guest:
Matt Poling, Principal, Ryan
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Matt Poling is a Principal in the Denver office of Ryan, the leading global tax services and software provider. With over 30 years of experience in tax and accounting, he specializes in the valuation, assessment, taxation, and exemption of real and personal property across a wide range of industries—including commercial, industrial, hospitality, office, multifamily, and REITs. He leads and develops property tax professionals across a 12-state region, delivering strategies that help clients reduce tax liabilities, enhance cash flow, and mitigate compliance risk. A Certified Public Accountant (CPA), his prior roles include leadership positions at Deloitte Tax LLP, Arthur Andersen, and Thomson Reuters Property Tax Services. Known for his client-first approach, he is dedicated to building long-term partnerships, fostering team growth, and advancing Ryan’s commitment to innovation, inclusion, and corporate responsibility.