How often is property revalued?

Colorado law requires all assessors to reappraise all real property, including land and improvements, every two years during odd-numbered years.

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1. How is the value determined on my property?
2. What is the difference between actual value and assessed value?
3. How often is property revalued?
4. How are property taxes calculated?
5. Who sets the tax rate or mill levy?
6. How do I qualify for the Senior Exemption?