HB 25-1324

House Bill 25-1324 in Colorado clarifies and extends deadlines for property owners to object or protest the valuation of their property, particularly during a general reassessment year. This affects counties with over 300,000 residents and those that choose to use special procedures for handling these objections. The bill also updates when county assessors must finish all hearings related to property valuations from June 1st to June 8th. Since the bill has been signed into law, it is now in effect and will impact how property tax disputes are handled moving forward.

Official Summary

To determine objections and protests concerning valuations of taxable property, state law requires a county with a population of over 300,000 (mandatory county) to use alternate protest and appeal procedures (alternate procedures) in any general reassessment year for real property that is valued biennially and allows any other county (elective county) to use alternate procedures. Alternate procedures deadlines for county assessors and taxpayers are later than standard protest and appeal procedure deadlines. The act clarifies that the later deadlines for alternate procedures apply to all mandatory counties and elective counties that use alternate procedures. The act also updates the deadline for an assessor to conclude all hearings for objections and protests concerning valuations of taxable real property from June 1 to June 8 to better reflect the intent of previously enacted law. (Note: This summary applies to this bill as enacted.)

Votes