HB 17-1349

House 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.)

Votes