HB 22-1223

House Bill 22-1223, which has been signed into law in Colorado, provides a property tax exemption for mobile homes and manufactured homes with an actual value of $28,000 or less. It also changes the process by which counties notify owners about potential sales due to unpaid property taxes, requiring only online publication instead of newspaper notices if certain conditions are met. This bill will reduce revenue for school districts, so it includes funding from the state to cover this loss. The law is now in effect and impacts mobile home owners who qualify for the tax exemption.

Official Summary

The act creates a property tax exemption for mobile homes, which includes manufactured homes, that have an actual value of $28,000 or less. The act also eliminates the requirement that a county treasurer publish a notice in a newspaper of a sale of a mobile home, which includes a manufactured home, due to property taxes owed if: A distraint warrant has been delivered to the owner of the mobile home or to his or her agent; and The county treasurer publishes a notice of the sale on the treasurer's website. The act appropriates $833,193 from the general fund for the state share of districts' total program funding to offset the reduction in property tax revenue to school districts as a result of the property tax exemption. (Note: This summary applies to this bill as enacted.)

Related Legislation

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