It is more important than ever to control expenses. One of the largest expenses faced by property owners in a year is property taxes. This expense usually appears on operating statements under the heading “Fixed Expenses,” but property owners should understand taxes are not fixed. This page presents frequently asked questions (FAQs) about property tax laws in Colorado (they vary from state to state) and examines ways of appealing property taxes as well as some of the potential pitfalls. Most of the questions are focused on real estate taxes, but many of the same guidelines apply to business personal property.