Current through 11/5/2024 election
Section 39-5-128 - Certification of valuation for assessment(1)(a) No later than August 25 of each year, the assessor shall certify to the department of education, to the clerk of each town and city, to the secretary of each school district, and to the secretary of each special district within the assessor's county the total valuation for assessment of all taxable property located within the territorial limits of each such town, city, school district, or special district and shall notify each such clerk, secretary, and board to officially certify the levy of such town, city, school district, or special district to the board of county commissioners no later than December 15. The assessor shall also certify to the secretary of each school district the actual value of the taxable property in the district.(b)(I) For the property tax year commencing on January 1, 2023, the deadline set forth in subsection (1)(a) of this section for officially certifying a levy is postponed from December 15, 2023, to January 10, 2024.(II) This subsection (1)(b) is repealed, effective July 1, 2025.(1.5) Along with the certification required by subsection (1) of this section, the assessor shall also provide: (a) The aggregate value of exempt business personal property specified in section 39-3-119.5 (3)(a)(I) for the property tax year commencing on January 1, 2021, within the territorial limits of each town, city, school district, or special district; and(b) The amount calculated under section 39-3-119.5 (3)(c)(I) for the estimate of the aggregate value of exempt business personal property for each property tax year beginning with the property tax year commencing on January 1, 2022, within the territorial limits of each town, city, school district, or special district.(3)(a) If the valuation for assessment for all or part of any such political subdivision has been divided for an urban renewal area, pursuant to section 31-25-107 (9)(a), any certification under this section must be based upon that portion of the valuation for assessment under section 31-25-107 (9)(a)(I) so long as the division remains in effect.(b) If the valuation for assessment for all or part of any such political subdivision has been divided for a county revitalization area, pursuant to section 30-31-109 (13)(a), any certification under this section must be based upon that portion of the valuation for assessment under section 30-31-109 (13)(a)(I), so long as the division remains in effect.Amended by 2024 Ch. 387,§ 17, eff. 8/7/2024.Amended by 2023EX1 Ch. 1,§ 11, eff. 11/20/2023.Amended by 2023 Ch. 258,§ 13, eff. only if a majority of voters approve the ballot issue referred in accordance with section 24-77-202, enacted in section 3 of this act, and in which case this act takes effect on the date of the official declaration of the vote thereon by the governor (passed by voters in 11/7/2023 election).Amended by 2021 Ch. 299, § 7, eff. 7/1/2021.L. 64: R&RE, p. 705, § 1. C.R.S. 1963: § 137-5-28. L. 67: p. 950, § 19. L. 75: (3) added, p. 1278, § 6, effective July 16. L. 76: (1) amended, p. 687, § 5, effective July 1. L. 86: (1) amended, p. 1030, § 15, effective 1/1/1987. L. 87: (1) amended and (2) repealed, p. 1411, §§ 14, 15, effective April 22. L. 88: (1) amended, p. 1288, § 20, effective May 23. L. 89: (1) amended, p. 1457, § 12, effective June 7. L. 93: (1) amended, p. 1689, § 6, effective June 6. L. 94: (1) amended, p. 807, § 10, effective April 27. L. 96: (1) amended, p.115, § 2, effective March 25. L. 2021: (1.5) added, (HB 21-1312), ch. 1795, p. 1795, § 7, effective July 1.2024 Ch. 387, was passed without a safety clause. See Colo. Const. art. V, § 1(3). For the legislative declaration in HB 21-1312, see section 1 of chapter 299, Session Laws of Colorado 2021.