by Tom Kammer
Co-Founder of ValueCheck and 30 year+ Real Estate Analyst
TD-1000: The Unsung Hero of Fair Property Taxes
Ever heard of the TD-1000, also known as the Real Property Transfer Declaration? If you’ve bought or sold a home in Colorado, you’ve likely filled one out—maybe without realizing its importance.
Here’s why this form matters:
- It’s the law. Every real estate sale requires a TD-1000. It gives the Assessor’s Office the inside scoop on the deal—sale price, contract date, property type, even whether furniture or appliances were included.
- It keeps things fair. Colorado assessors must revalue property every odd year. To do that, they need accurate sales data. The TD-1000 helps separate true “arm’s length” sales from those that don’t reflect market value (like family sales, 1031 exchanges, or when the fridge and sofa sneak into the price tag).
- Personal property matters. This is where you can really help yourself! By listing personal property correctly—things like appliances, furniture, or lawn equipment—you ensure those items aren’t counted as part of the home’s value. That can lower the official sale price used by the Assessor, which in turn can mean a lower property valuation.
- It’s detective work. The Assessor cross-checks TD-1000s with deeds, MLS listings, and sometimes even phone calls to make sure the sale story checks out. Only the clean, confirmed sales make it into the models that shape county-wide property values.
- Myth buster: Your sale price doesn’t directly set your home’s value. Instead, it helps establish market trends across the county.
Bottom line: the TD-1000 (a.k.a. Real Property Transfer Declaration) may look like just another form, but filling it out carefully can protect you, keep valuations accurate, and help ensure property taxes are fair for everyone.
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