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9.9 KiB
type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags
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| Bill | Property Tax Classification And Assessment Rates | The act repeals a moratorium on changing a ratio for valuation for assessment (assessment rate), which is the percentage applied to a property's actual value to determine the taxable amount upon which a mill levy is imposed and classifies agricultural property, lodging property, and renewable energy production property as new subclasses of nonresidential property for purposes of the valuation for assessment. The assessment rate for agricultural property and renewable energy production property is temporarily reduced from 29% to 26.4% for the next 2 property tax years. The law is restructured so that, if an initiated measure to reduce the assessment rate for nonresidential property is approved by voters, then it would only apply to lodging property.Multi-family residential real property is classified as a new subclass of residential real property. The law is restructured so that, if an initiated measure to reduce the residential assessment rate is approved by voters, then it would only apply to multi-family residential real property. If the initiated measure fails or is not on the ballot, then, the assessment rate for multi-family residential real property is temporarily reduced from 7.15% to 6.8% for the next 2 property tax years. The assessment rate for all residential real property other than multi-family residential real property is temporarily reduced from 7.15% to 6.95% for the next 2 property tax years.The property tax deferral program is expanded to allow any person to defer the payment of the portion of real property taxes that exceed the tax-growth cap, which is an amount equal to the average of the person's real property taxes paid for the preceding 2 property tax years for the same homestead, increased by 4%. The minimum amount a taxpayer may defer at one time under this authorization is $100, and the total taxes that a taxpayer may defer is $10,000. The taxpayer is treated like a person called into military service for purposes of surviving-spouse eligibility and the equity the person must have in the homestead to qualify for a deferral.The governor's office, in consultation with the treasurer, is required to commission a study on the property tax deferral program and make recommendations for possible changes to the general assembly by January 1, 2022.Assessors are required to include information about the assessment rates that apply to the various classes of property, which is prepared by the property tax administrator, along with the notices of valuation that are sent in 2022 or make this information available on the assessor's website.Finally, the act makes conforming amendments related to the new classifications or assessment rates.(Note: This summary applies to this bill as enacted.) | us/states/co | Colorado General Assembly | 2021A | SB 21-293 | Colorado SB 21-293 (2021A) |
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enacted |
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9 | 14 | 7 | 2021-06-02T06:00:00+00:00 | 2021-06-23T06:00:00+00:00 | openstates | ocd-bill/af6ff184-c694-4251-86be-949298474f88 | http://leg.colorado.gov/bills/sb21-293 | 4c0cc882acc330a009b3a64d387ad8c22588c44df99b3ff1bffbe7574ffbae98 | 2026-07-01 | https://data.openstates.org/daily/2026-07-01/public.pgdump | 2026-07-06 | reported |
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Colorado SB 21-293 (2021A) — Property Tax Classification And Assessment Rates
The act repeals a moratorium on changing a ratio for valuation for assessment (assessment rate), which is the percentage applied to a property's actual value to determine the taxable amount upon which a mill levy is imposed and classifies agricultural property, lodging property, and renewable energy production property as new subclasses of nonresidential property for purposes of the valuation for assessment. The assessment rate for agricultural property and renewable energy production property is temporarily reduced from 29% to 26.4% for the next 2 property tax years. The law is restructured so that, if an initiated measure to reduce the assessment rate for nonresidential property is approved by voters, then it would only apply to lodging property.Multi-family residential real property is classified as a new subclass of residential real property. The law is restructured so that, if an initiated measure to reduce the residential assessment rate is approved by voters, then it would only apply to multi-family residential real property. If the initiated measure fails or is not on the ballot, then, the assessment rate for multi-family residential real property is temporarily reduced from 7.15% to 6.8% for the next 2 property tax years. The assessment rate for all residential real property other than multi-family residential real property is temporarily reduced from 7.15% to 6.95% for the next 2 property tax years.The property tax deferral program is expanded to allow any person to defer the payment of the portion of real property taxes that exceed the tax-growth cap, which is an amount equal to the average of the person's real property taxes paid for the preceding 2 property tax years for the same homestead, increased by 4%. The minimum amount a taxpayer may defer at one time under this authorization is $100, and the total taxes that a taxpayer may defer is $10,000. The taxpayer is treated like a person called into military service for purposes of surviving-spouse eligibility and the equity the person must have in the homestead to qualify for a deferral.The governor's office, in consultation with the treasurer, is required to commission a study on the property tax deferral program and make recommendations for possible changes to the general assembly by January 1, 2022.Assessors are required to include information about the assessment rates that apply to the various classes of property, which is prepared by the property tax administrator, along with the notices of valuation that are sent in 2022 or make this information available on the assessor's website.Finally, the act makes conforming amendments related to the new classifications or assessment rates.(Note: This summary applies to this bill as enacted.)
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
- Committee Amendment (committee substitute) — source
- Engrossed (06/04/2021) (committee substitute) — source
- Final Act (06/22/2021) (committee substitute) — source
- Introduced (06/02/2021) (committee substitute) — source
- PA1 (06/03/2021) (committee substitute) — source
- Reengrossed (06/07/2021) (committee substitute) — source
- Rerevised (06/08/2021) (committee substitute) — source
- Revised (06/07/2021) (committee substitute) — source
- Signed Act (06/23/2021) (committee substitute) — source
Votes
- BILL — 23–11 (pass) · upper
- BILL — 42–23 (pass) · lower
- BILL — 34–0 (pass) · upper
- AMEND — 34–0 (pass) · upper
- AMEND — 34–0 (pass) · upper
- AMD — 22–40 (fail) · lower
- AMEND — 34–0 (pass) · upper
Sponsors
- Bob Rankin — primary (person)
- Chris Hansen — primary (person)
- Daneya Esgar — primary (person)
- Matt Gray — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
- 2021-06-23T06:00:00+00:00 Governor Signed
executive-signature - 2021-06-22T06:00:00+00:00 Sent to the Governor
executive-receipt - 2021-06-22T06:00:00+00:00 Signed by the Speaker of the House
- 2021-06-22T06:00:00+00:00 Signed by the President of the Senate
- 2021-06-08T06:00:00+00:00 House Third Reading Passed - No Amendments
passage, reading-3 - 2021-06-07T06:00:00+00:00 House Second Reading Special Order - Passed - No Amendments
- 2021-06-07T06:00:00+00:00 House Committee on Appropriations Refer Unamended to House Committee of the Whole
committee-passage, referral-committee - 2021-06-07T06:00:00+00:00 House Committee on Finance Refer Unamended to Appropriations
referral-committee - 2021-06-07T06:00:00+00:00 Introduced In House - Assigned to Finance
introduction - 2021-06-07T06:00:00+00:00 Senate Third Reading Passed with Amendments - Floor
passage, reading-3 - 2021-06-04T06:00:00+00:00 Senate Second Reading Special Order - Passed with Amendments - Committee, Floor
- 2021-06-03T06:00:00+00:00 Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole
committee-passage, referral-committee - 2021-06-03T06:00:00+00:00 Senate Committee on Finance Refer Amended to Appropriations
referral-committee - 2021-06-02T06:00:00+00:00 Introduced In Senate - Assigned to Finance
introduction
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/af6ff184-c694-4251-86be-949298474f88. Confidence: reported (aggregated from official Colorado legislature records).