HB 22-1296

House Bill 22-1296 in Colorado changes how nursing homes and facilities that provide both long-term care and short-term convalescent care are classified for property taxes. Before the bill, only long-term care facilities were considered residential properties, while those providing shorter stays were taxed as nonresidential properties. The new law now treats all nursing homes, including those offering temporary or periodic care, as residential properties regardless of how long patients stay there. This means that these facilities will be subject to lower property tax rates similar to those for regular homes. Since the bill has been signed into law, it is now in effect and impacts all nursing home facilities in Colorado.

Official Summary

Under current law, facilities that provide long-term nursing, rest, and assisted living services, where residents reside for more than 30 days, are classified as residential properties. However, facilities that provide short-term convalescent care and rehabilitation services, where patrons visit the facility periodically or temporarily reside there for less than 30 days, are valued and classified as nonresidential property. The act defines a nursing home as a licensed nursing care facility, including a nursing care facility that provides convalescent care and rehabilitation services. The act specifies that land on which a nursing home is situated and any improvements affixed to that land for the use of the nursing home are classified and assessed as residential real property, regardless of a resident's length of stay. (Note: This summary applies to this bill as enacted.)

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