HB 17-1349
signedAssessment Ratio For Residential Real Property
Plain-English Summary
AI-generatedHouse Bill 17-1349, which has been signed into law, sets a new property tax valuation ratio for residential homes at 7.2% starting from January 1, 2017. This means that the value used to calculate property taxes for homeowners will be based on this specific percentage until the state legislature decides to change it. The bill affects all Colorado residents who own and pay property taxes on their homes. Since the bill has been signed, it is now law and impacts how residential property taxes are calculated in the state.
Official Summary
The bill sets the ratio of valuation for assessment for residential real property at 7.2% for property tax years commencing on and after January 1, 2017, until the next property tax year that the general assembly adjusts this ratio.
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
Details
- Chamber
- House
- First action
- 2017-06-05
- Latest action
- 2017-04-20
- Last action desc.
- Introduced In House - Assigned to Finance
- OpenStates
- View source ↗
Related Legislation
This bill affects (1)
relatesHB 17-1311(2017A)· failedSeller's Disclosure Estimated Future Property Tax
Affected by (19)
amendsSB 22-238(2022A)· signed2023 And 2024 Property Tax
amendsSB 24-111(2024A)· signedSenior Primary Residence Prop Tax Reduction
amendsHB 25-1296(2025A)· signedTax Expenditure Adjustment
amendsSB 25-026(2025A)· signedAdjusting Certain Tax Expenditures
relatesHB 25-1156(2025A)· signedMake Senior Home Tax Valuation Reduction Permanent
relatesHB 26-1364(2026A)· signed2025 Consumer Price Index Calculation
relatesHB 23B-1005(2023B)· signedMatters Related To Tax Relief For Tax Year 2023
relatesHB 24B-1002(2024B)· signedPrimary Residence Real Property Valuation
relatesSB 23-303(2023A)· signedReduce Property Taxes And Voter-approved Revenue Change
relatesHB 23B-1004(2023B)· signed2023 Property Tax Reduction Policy Study
relatesHB 24B-1007(2024B)· signedAccessible Housing Property Taxes
relatesHB 24B-1004(2024B)· signedAdditional Property Tax Relief for Homeowners
relatesSB 24-228(2024A)· signedTABOR Refund Mechanisms
repealsHB 24B-1005(2024B)· signedValuation Assessment Reduction Residential Property
Votes
Refer House Bill 17-1349 to the Committee of the Whole. The motion passed on a vote of 10-0.
2017-05-04 · House · pass — Yes: 10 · No: 0 · Other: —
Refer House Bill 17-1349 to the Committee of the Whole with a recommendation that it be placed on the consent calendar. The motion passed on a vote of 5-0.
2017-05-04 · House · pass — Yes: 5 · No: 0 · Other: —