Denver, CO – May 25, 2007 – Joe Monzon, Vice President and Managing Consultant of POER’s Denver office addressed three business groups during the month of May. His topic was the 2007 Colorado revaluation and the likely effect new values will have on real estate taxes payable in 2008 and 2009.

On May 14, Monzon spoke to brokers and building managers at a Jones Lang LaSalle early morning meeting in Denver’s Central Business District. He conducted an evening seminar for owners of small apartment properties on behalf of Apartment Realty Advisors on May 23 at the Loew’s Giorgio Hotel, and addressed a luncheon at the law firm of Brownstein, Hyatt, Farber and Schreck on May 25.

In his speeches, Monzon explained that Denver metro area commercial assessments have increased dramatically with the 2007 statewide reappraisal. He fielded questions about the likely effects of the increases. Denver’s real estate market has been in an upswing, with rising sales prices, low vacancies, and significant new development. If not challenged, the new assessments will remain in place until 2009.

Another major development in Colorado is the passage of the School Finance Act, which prevents 2007 school district mill levies from falling below 2006 levels. The Act, which is being appealed in court, could increase taxes by $1.7 billion over the next decade.

About POER
Marvin F. Poer & Company, established in 1964, is the nation’s largest independently owned full-service property tax firm. For over four decades, POER has helped clients stay competitive by reducing costs, gaining efficiencies and improving profits.

With 16 local offices and over 200 employees, POER has specialized consultants for every state. Representing properties in all 50 states and Washington DC, POER represents more than 2,000 clients with over 50,000 properties and achieves first year tax savings of over $200 million for their clients every year.