SB 23-304

  • Colorado Senate Bill
  • 2023 Regular Session
  • Introduced in Senate May 04, 2023
  • Passed Senate May 04, 2023
  • Passed House May 07, 2023
  • Signed by Governor May 24, 2023

Property Tax Valuation

Abstract

The act specifies that when a property tax assessor values real property, the property tax assessor shall consider: The current use; Existing zoning and other governmental land use or environmental regulations and restrictions; Multi-year leases or other contractual arrangements affecting the use of or income from real property; Easements and reservations of record; and Covenants, conditions, and restrictions of record. Beginning January 1, 2024, the act requires counties with a population greater than 300,000 to use an alternative procedure to determine objections and protests of property tax valuations in any year of general reassessment of real property that is valued biennially. At the request of a taxpayer, the law requires a property tax assessor to provide the taxpayer with certain data that the assessor used to determine the value of the taxpayer's property. The act clarifies that the data the assessor is required to provide must include the primary method and rates the assessor used to value the property. APPROVED by Governor May 24, 2023 EFFECTIVE August 7, 2023 NOTE: This act was passed without a safety clause and takes effect 90 days after sine die.(Note: This summary applies to this bill as enacted.)

Bill Sponsors (4)

Votes


Actions


May 24, 2023

Office of the Governor

Governor Signed

May 15, 2023

Office of the Governor

Sent to the Governor

House

Signed by the Speaker of the House

May 10, 2023

Senate

Signed by the President of the Senate

May 08, 2023

House

House Third Reading Passed - No Amendments

House

House Considered Senate Adherence - Result was to Recede

Senate

Senate Considered House Amendments - Result was to Adhere

May 07, 2023

House

House Third Reading Passed - No Amendments

May 06, 2023

House

House Second Reading Special Order - Passed with Amendments - Committee, Floor

May 05, 2023

House

House Committee on Finance Refer Amended to House Committee of the Whole

  • Committee-Passage
  • Referral-Committee
House Committee of the Whole Finance

May 04, 2023

House

Introduced In House - Assigned to Finance

  • Introduction
Finance

Senate

Senate Third Reading Passed - No Amendments

May 03, 2023

Senate

Senate Second Reading Special Order - Passed - No Amendments

May 02, 2023

Senate

Senate Committee on Finance Refer Unamended to Senate Committee of the Whole

  • Committee-Passage
  • Referral-Committee
Senate Committee of the Whole Finance

May 01, 2023

Senate

Introduced In Senate - Assigned to Finance

  • Introduction
Finance

Bill Text

Bill Text Versions Format
Signed Act (05/24/2023) PDF
Final Act (05/15/2023) PDF
Rerevised (05/08/2023) PDF
Revised (05/06/2023) PDF
Reengrossed (05/04/2023) PDF
Engrossed (05/03/2023) PDF
Introduced (05/01/2023) PDF
PA1 (05/06/2023) PDF
Committee Amendment PDF

Related Documents

Document Format
Fiscal Note FN1 (05/01/2023) PDF
Fiscal Note FN2 (07/17/2023) PDF

Sources

Data on Open States is updated periodically throughout the day from the official website of the Colorado General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.