SB 46 — Property Tax Administrative Procedures

(e) To prepare and publish from time to time manuals, appraisal procedures,procedures,andinstructions,afterconsultationwiththeadvisorycommittee and instructions, after consultation with the advisory -5- 046 committee to the propertytaxproperty tax administrator and the approval of the state board of equalization, concerning methods of appraising and valuing land,improvements,personalproperty,andmobilehomes,andtorequireland, improvements, personal property, and mobile homes, and to require their PAGE 3-SENATE BILL 26-046 utilization by assessors in valuing and assessing taxable property.

Saidmanuals,appraisalprocedures,andinstructionsshallSaid bebasedmanuals, appraisal procedures, and instructions shallT be based upon the three approaches to appraisal and the procedures set forth in section 39-1-10339-1-103(5)(a).Suchmanuals,appraisalprocedures,andinstructionsshall (5)(a).be ARE subject to legislative review, the same as rules, pursuant to section 24-4-103(8)(d).BeginningJanuary1,2023,theadministratorshallcomply with subsection (2) of this section when modifying the manuals, appraisal procedures, and instructions.

Such(k) manuals,To appraisalprepare procedures, and instructionspublish shalAREesubjectguidelines, after consultation with the advisory committee to legislativethe review,property tax administrator and approval of the samestate asboard rules,of pursuantequalization, toconcerning sectionthe 24-4-103audit (8)(d).and compliance review of oilandgasleaseholdpropertiesforpropertytaxpurposes,whichshall MUST be utilized by assessors, treasurers, and their agents.

BeginningSuch Januaryguidelines 1,shall 2023,be ARE subject to legislative review, the administratorsame shallas complyrules, pursuant to section 24-4-103(8)(d).BeginningJanuary1,2023,theadministratorshallcomply with subsection (2) of this section when modifying the manuals,guidelines. appraisal procedures, and instructions.

(k)(n) ToTO preparePREPARE andAND publishPUBLISH guidelines,STANDARDIZED afterFORMS consultation,INCLUDING withA theLETTER advisorycommitteeOF toAUTHORIZATION the, propertytaxFOR administratorALL andLEVELS approvalOF ofPROPERTY theTAX stateAPPEALS boardAND ofTO equalization,DEVELOP concerningAND thePUBLISH auditGUIDELINES andOR complianceINSTRUCTIONS reviewFOR ofTHE oilUSE andOF gasTHE leaseholdFORMS properties. for propertytax purposes, which shall MUST be utilized by assessors, treasurers, and their agents.

SuchA guidelinesCCORDING shallTO beTHE subjectGUIDELINES toOR legislativeINSTRUCTIONS review,PUBLISHED theBY sameTHE asADMINISTRATOR rules,,NOTARIZATION pursuantOF toTHE sectionFORMS 24-4-103IS (8)(d).NOT REQUIRED SO ALONG AS ALTERNATIVE INDICIA OF RELIABILITY AND AUTHENTICITY ARE AVAILABLE .

Beginning(2)(a) JanuaryAsusedinthissubsection(2),"propertytaxmaterials"means 1,the 2023,manuals, appraisal procedures, instructions, and guidelines that the administrator shallprepares complyand withpublishes subsectionunder (2)the ofauthority thisconferred sectionby whensubsections modifying(1)(e) theand guidelines.(1)(k) of this section.

(n)(b) TOPriortoproposinganychangestothepropertytax PREPAREmaterials, ANDthe PUBLISHadministrator STANDARDIZEDshall FORM,INCLUDINGconduct ALETTEROFAUTHORIZATIONa ,FORALLLEVELSOFPROPERTYTAXAPPEALSpublic ANDTODEVELOPANDPUBLISHGUIDELINESORINSTRUCTIONSFORTHEUSEhearing OFdescribed THEin FORMSsubsection .(2)(d) of this section.

ACCORDINGNo TOless THEthan GUIDELINEStwo ORweeks INSTRUCTIONSprior PUBLISHEDBYTHEADMINISTRATORto ,NOTARIZATIONOFTHEFORMSISNOTthe REQUIREDhearing, SOthe ALONGadministrator ASshall ALTERNATIVEpublish INDICIAnotice OFof RELIABILITYthe ANDproposed AUTHENTICITYchanges AREto AVAILABLE.the property tax materials.

-6- 046 (2) (a) As used in this subsection (2), "property tax materials" meansthemanuals,appraisalprocedures,instructions,andguidelinesthat theadministratorpreparesandpublishesundertheauthorityconferredby subsections (1)(e) and (1)(k) of this section.

(b) Prior to proposing any changes to the property tax materials, the administrator shall conduct a public hearing described in subsection (2)(d) of this section.

No less than two weeks prior to the hearing, the administratorshallpublishnoticeoftheproposedchangestotheproperty tax materials.

and (II) Either the terms or substance of the proposed change or a PAGE 4-SENATE BILL 26-046 description of the subjects and issues involved.

(c) TheTheadministratorshallmaintainalistofallpersonswhorequest administratornotificationofproposedchangestothepropertytaxmaterials.Onorbefore shall maintain a list of all persons who requestnotificationofproposedchangestothepropertytaxmaterials.On or before the date of the publication of notice required by subsection (2)(b) of this section, the administrator shall provide notice via email of theproposedchangestoallpersonsonthelist.Theadministratorshallnotthe chargeproposed achanges feeto forall sendingpersons thison emailthe notice.list.

UponThe requestadministrator ofshall anot personcharge ona thefee list,for thesending administratorthis mayemail mailnotice. the notice to the person.

AnyUpon personrequest onthelistwhorequeststoreceiveacopyoftheproposedchangesbymailof must pay a feeperson toon the administratorlist, that is set based upon the administrator'sadministratormaymailthenoticeto actual cost of copying and mailing the proposed changes to the person.

Anypersononthelistwho requests to receive a copy of the proposed changes by mail must pay a fee to the administrator that is set based upon the administrator's actual cost of copying andmailingthe proposed changes to the person.

(d) AtAttheplaceandtimestatedinthenotice,theadministratorshall the place and time stated in the notice, the administrator shall hold a public hearing at which the administrator shall afford -7- 046 interested persons an opportunity to submit written data, views, or arguments and to present the same orallyunless the administrator deems it unnecessary.

(e) TheadministratorshalladoptproposedchangestothepropertyThe administrator shall adopt proposed changes to the property tax materials consistent with the subject matter as set forth in the notice required bysubsectionby subsection (2)(b) of this section prior to consideration bytheby the advisory committee to the property tax administrator.

The administrator is not required to take any action based on a petition, but when thetheadministratorproposesachangetothe administratorpropertytax proposes a change to the property tax materials, the administrator shall consider all related written petitions.

SECTIONSECTION5. 5.

InInColoradoRevisedStatutes,39-2-115,amend(1)(a) Colorado Revised Statutes, 39-2-115, amend (1)(a) as follows:

Review ofofabstractsofassessment-recommendations abstractsPAGE of5-SENATE assessmentBILL -26-046 recommendations - repeal.

(1)(a)(1) NolaterthanAugust25of(a) eachyear,eachcountyassessorNo later than August 25 of each year, each county assessor shall file with the property tax administrator two copiesYcopiesONE COPY of an abstractofassessmentofthecountyINANELECTRONICORPAPERFORMATabstract of assessment of the countyIN AN ELECTRONIC OR PAPER FORMAT .

SECTION6.SECTION 6.

InColoradoRevisedStatutes,39-2-125,amend(1)In Colorado Revised Statutes, 39-2-125, amend (1) introductory portion and (1)(c) as follows:

DutiesDutiesoftheboard-boardofassessmentappealscash of the board - board of assessment appeals -8- 046 cash fund - creation - accelerated appeal cash fund - repeal.

(1) The board of assessment appeals shall perform the following duties,duties,suchperformancetobeinaccordancewiththeapplicableprovisions such performance to be in accordance with the applicable provisions of article 4 of title 24:

(c) Hear appeals from decisions of countyboardscounty boards of equalization filed notOnotNO later thTHEthanTHE LATER OF:OF :

(I) SPTEMBERSEPTEMBER 1;

(II) DDECEMBER ECEMBER 1,IN A COUNTY THAT USES AN ALTERNATE PROTEST ANDAPPEALPROCEDUREAND PURSUANTAPPEAL TOSECTIONPROCEDURE 39-5-122.7ORPURSUANT (III)TO ThirtySECTION days39-5-122.7; after the entry of any suchisionIF THE TAXPAYER WAS NOTIFIED OUTSIDE OF THE REGULAR NOTIFICATION SCHEDULE DESCRIBED IN SECTION39-5-121;

OR (III) Thirty days after the entry of any suchTHE decision,IF THE TAXPAYER WAS NOTIFIED OUTSIDE OF THE REGULAR NOTIFICATION SCHEDULE DESCRIBED IN SECTION 39-5-121;

(3)(b)(3) Asusedinthissubsection(3),"propertytaxmaterials"has(b) As used in this subsection (3), "property tax materials" has the same meaning as set forth in section 39-2-109 (2)(a) MEANS THE MANUALS ,APPRAISALPROCEDURES ,INSTRUCTIONSANDGUIDELINESTHAT,INSTRUCTIONS ,AND GUIDELINESTHAT THE ADMINISTRATOR PREPARES AND PUBLISHES UNDER THE AUTHORITY CONFERRED BY SECTIONS 39-2-109 (1)(eAND(1)(e) (1)(kOFAND (1)(k)OF THIS SECTIO.SECTION .

PAGE 6-SENATE BILL 26-046 SECTION 8.

Exemptionapplications-penaltyforprovidingfalseExemption applications - penalty for providing false information - confidentiality.

(1)(b)(1) Toclaimtheexemptionallowedbysection39-3-203(1.5),(b) anTo individualclaim shallthe fileexemption withallowed theby assessorsection 39-3-203 (1.5), anindividualshallfilewiththeassessoracompletedexemptionapplication and proof of qualifying veteran with a completeddisability exemptionstatus -9-no 046later applicationandproofofqualifyingveteranwithadisabilitystatusnolaterthan thanJuly1July ULY1 JULY 15 of the firstpropertytaxyearforwhichtheexemptionfirst property tax year for which the exemption is claimed.

An individual who filed an exemption application withthedivisionratherthanwiththeassessoraswasrequiredbeforethiswith subsectionthe divisionratherthanwiththeassessoraswasrequiredbeforethissubsection (1)(b) was amended by Senate Bill 23-036, enacted in 2023, and who qualifiedqualifiedforandreceivedanexemptionforapropertytaxyearcommencing for and received an exemption for a property tax year commencing before JanuaryJanuary1, 1, 2024, retains the exemption and is not required to submit a new application or proof of qualifying veteran with a disability status to the assessor.

(2) (a.7) An individual who wishes to claim the exemption for qualifying veterans with a disabilitydisabilityallowed allowedbysection39-3-203(1.5), by section 39-3-203 (1.5), but who has not timely filed an exemption application, may request that the assessor waive the application deadline and allow the individual to file a late exemption application no later than the August 1 A UGUST 15 that immediately follows the original application deadline.

If the assessor accepts a late application, the assessor shall determine whether the application should be granted or denied pursuant to subsection (1.5) of this section and shall mail notice of its determination to the applicant no later than the August 25 that immediatelyfollowsimmediately follows the late application -10- 046 deadline.

A decision of the assessor to allow or disallow the filing of a late application or of an assessor to grant or deny an exemption to an applicant PAGE 7-SENATE BILL 26-046 who has filed a late application is final, and an applicant who is denied late filing or an exemption may not contest the denial.

NoticeNoticeofvaluation-legislativedeclaration-definition of valuation - legislative declaration - definition - repeal.

(1)(a)(I)(1) NolaterthanMay1ineachyear,theassessorshallmail(a) (I) No later than May 1 in each year, the assessor shall mail to each person who owns land or improvements a notice setting forth the valuation of such land or improvements.

For agricultural property, the noticemustseparatelystatetheactualvalueofsuchlandorimprovementsnotice must separatelystate the actual value of such land or improvements in the previous year, the actual value in the current year, and the amount of anyanyadjustment adjustment in actual value.

For all other property, the notice must state thetotalactualvalueofthe total actual value of such land and improvements together in the previous year, the total actual value in the current year, and the amount of anyanyadjustmentintotalactualvalue.Thenoticemustnotstatethevaluation adjustmentfor inassessment totalof actualsuch value.land or improvements or combination of land and improvements.

TheBased upon the classification of such taxable property, the notice must notalso stateset forth the valuationforassessmentofsuchlandorimprovementsorcombinationofappropriate landratio of valuation for assessment to be applied to said actual value prior to the calculation of property taxes for the current year and improvements.that any change or adjustment of the ratio of valuation for assessment must DOES not constitute grounds for the protest or abatement of taxes.

BasedThe upon the classification of such taxable property, the notice must alsostate, setin forthbold-faced thetype, appropriatethat ratio of valuation for assessment to be applied to said actual value prior to the calculationtaxpayer ofhas property taxes for the currentright yearto andprotest that any change or adjustment ofin theratioofvaluation, valuationforassessmentmustS notconstitutegrounds fortheprotestorabatementof taxes.Thenoticemuststate,inbold-faced type,thatthetaxpayerhastherighttoprotestanyadjustmentinvaluation, the classification of the property that determines the assessment percentage to be applied, and the dates and places at which the assessor -11- 046 will hear such protest.

The notice must also set forththeforth the following:

That, to preserve the taxpayer's right to protest, the taxpayer shall notify the assessor either in writingwritingorinpersonof orthetaxpayer'sobjectionandprotest;thatsuchnotice inmustbedelivered,postmarked,orgiveninpersonnolaterthanJune8 personJUNE of1; the taxpayer's objection and protest;

that such notice must be delivered, postmarked, or given in person no later than June 8 UNE 1;

The notice must be mailed together with a form that, if completed bytheby the taxpayer, allows the taxpayer to explain the basis for the taxpayer's valuation of the property.

However,However,inaccordancewithsection39-5-122(2),completionofthisform indoes accordancenot withsection39-5-122(2),completionofthisformdoesnotconstitutetheconstitute the exclusive means of appealing the assessor's valuation.

For the years that intervenebetweenchangesinthelevelofvalue,ifthedifferencebetweenintervene between changes in the level of PAGE 8-SENATE BILL 26-046 value, if the difference between the actual value of such land or improvements in the previous year and the actual value of such land or improvements in the intervening year as set forth in such notice constitutes an increase in actual value of more thanseventy-fivepercent,theassessorshallmailtogetherwiththenoticethan seventy-five percent, the assessor shall mail together with the notice an explanation of the reasons for such increase in actual value.

(1.5) (a) (I) EEPTE XCEPT AS PROVIDED IN SUBSECTION(1.5)(a)(IIOFSUBSECTION (1.5)(a)(III) OF THIS SECTION FOR A COUNTY THAT USES AN ALTERNATE PROTEST AND APPEALPROCEDUREPURSUANTTOSECTIONAPPEAL 39-5-122.7,nolaterthanJunePROCEDURE 15PURSUANT TO SECTION 39-5-122.7, no later than June each year, the assessor shall mail to each person who owns taxable personal property a notice setting forth the valuation of the personal property.Thenoticemuststatetheactualvalueofsuchpersonalpropertyproperty. in the previous year, the actual value in the current year, and the amount of anyadjustment in actual value.Thenoticemustnotstate the valuation forassessmentofthepersonalproperty.Thenoticemustalsosetforththe -12- 046 ratio of valuation for assessment to be applied to said actual value prior tothecalculationofpropertytaxesforthecurrentyear.Withtheapproval of the board of county commissioners, the assessor may include in the notice an estimate of the taxes owed for the current property tax year.

The notice must state the actual value of such personal property in the previous year, the actual value in the current year, and the amount of any adjustment in actual value.

The notice must not state the valuation for assessmentof thepersonalproperty.Thenoticemustalsosetforththeratio of valuation for assessment to be applied to said actual value prior to the calculation of property taxes for the current year.

With the approval of the board of county commissioners, the assessor may include in the notice an estimate of the taxes owed for the current property tax year.

The notice must state, in bold-faced type, that the taxpayer has the right toprotestanyadjustmentinvaluationbutnottheestimateoftaxesifsuchto anestimateisincludedinthenotice,andthedatesandplacesatwhichtheprotest any adjustment in valuation but not the estimate of taxes if such an estimate is included in the notice, and the dates and places at which the assessor will hear protests.

that the notice must be postmarked or physicallyphysicallydelivered delivered no later than June 30;

and that, after such date, the taxpayer's right to object and protesttheadjustmentinvaluationislost.protest the adjustment in valuation is lost.

(III) FRFORACOUNTYTHATUSESANALTERNATEPROTESTANDAPPEAL A COUNTY THAT USES AN ALTERNATE PROTEST AND APPEAL PROCEDURE PURSUANT TO SECTION 39-5-122.7NO39-5-122.7, NO LATER THAN JULY 15 EACH YEAR,THEYEAR , THE ASSESSOR SHALL MAIL TO EACH PERSON WHO OWNS TAXABLEPAGE 9-SENATE BILL 26-046 TAXABLEPERSONALPROPERTYANOTICESETTINGFORTHTHEVALUATIONOF THE PERSONALPROPERTY .THE NOTICE MUST STATE THE ACTUAL VALUE OF SUCH PERSONAL PROPERTY AIN THE PREVIOUS YEAR ,THE ACTUAL VALUE IN THE CURRENT YEAR ,AND THE AMOUNT OF ANY ADJUSTMENT IN ACTUAL VALUE .THE NOTICE SETTINGMUST FORTHNOT STATE THE VALUATION FOR ASSESSMENT OF THEPERSONALPROPERTY .THENOTICEMUSTALSOSETFORTHTHERATIOOF VALUATIONFORASSESSMENT TO BE APPLIED TO SAID ACTUALVALUE PRIOR TO THE PERSONALCALCULATION PROPERTY.OF PROPERTY TAXES FOR THE CURRENT YEAR .

WITH THE NOTICEAPPROVAL MUSTOF STATE THE ACTUALVALUEOFSUCHPERSONALPROPERTYINTHEPREVIOUSYEARBOARD ,THEOF -13-COUNTY 046COMMISSIONERS ACTUAL,THE VALUEASSESSOR MAY INCLUDE IN THE CURRENTNOTICE YEARAN ,ANDESTIMATE OF THE AMOUNTTAXES OFOWED ANYFOR ADJUSTMENTTHE INCURRENT ACTUALPROPERTY VALUETAX YEAR .

F SUCH AN ESTIMATE IS INCLUDED , THE NOTICE MUST NOTCLEARLY STATE THAT THE VALUATIONTAX FORAMOUNT ASSESSMENTIS OFMERELY AN ESTIMATE BASED UPON THE PERSONALBEST PROPERTY.AVAILABLE INFORMATION .

HETHE NOTICE MUST ALSOSTATE SET,IN FORTHBOLD-FACE THETYPE, RATIOTHAT OFTHE VALUATIONTAXPAYER FORHAS ASSESSMENTTHE RIGHT TO BEPROTESTANYADJUSTMENTINVALUATIONBUTNOTTHEESTIMATEOFTAXES APPLIEDIF TOSUCH SAIDAN ACTUALESTIMATE VALUEIS PRIORINCLUDED TOIN THE CALCULATIONNOTICE OF,AND PROPERTYTHE TAXESDATES FORAND PLACES AT WHICH THE CURRENTASSESSOR YEAR.WILL HEAR PROTESTS .

WITHHE THENOTICE APPROVALMUST OFALSO THESET BOARDFORTH OFCOUNTY COMMISSIONERS ,THE ASSESSOR MAY INCLUDE IN THE NOTICEFOLLOWING AN:T ESTIMATEO OFPRESERVE THE TAXESTAXPAYER OWEDS FORRIGHT THETO CURRENTPROTEST PROPERTY,THE TAXYEARTAXPAYER .IFSUCHANESTIMATEISINCLUDEDSHALL ,THENOTICEMUSTCLEARLYNOTIFY STATE THAT THE TAXASSESSOR AMOUNTEITHER ISBY MERELYMAIL ANOR ESTIMATE BASED UPON THE BEST AVAILABLE INFORMATION.THE NOTICE MUST STATE,IN BOL-FACE TYPE,THATTHETAXPAYERHASTHERIGHTTOPROTESTANYADJUSTMENT IN VALUATIONPERSON BUT NOT THE ESTIMATE OF TAXES IF SUCH AN ESTIMATE IS INCLUDED IN THE NOTICE,ANDTAXPAYER THES DATESOBJECTION AND PLACESPROTEST;THAT AT WHICH THE ASSESSOR WILL HEAR PROTEST.T HE NOTICE MUSTMUSTBEPOSTMARKEDORPHYSICALLYDELIVEREDNOLATERTHAN ALSOJULY SET31; FORTH THE FOLLOWING :

TOAND PRESERVETHAT THE,AFTER TAXPAYERSAID SDATE RIGHT, TO PROTEST ,THE TAXPAYERSHALLNOTIFYTHEASSESSOREITHERBYMAILORINPERSONOF THE TAXPAYER S OBJECTIONRIGHT TO OBJECT AND PROTEST;THATPROTEST THE NOTICEADJUSTMENT MUSTIN BEVALUATION POSTMARKEDIS ORLOST PHYSICALLY. DELIVERED NO LATER THAN JULY31;

ANDTHE NOTICE MUST BE MAILED TOGETHER WITH A FORM THAT AFTERSAIDDATE,IF ,THETAXPAYERCOMPLETED SRIGHTTOOBJECTANDPROTESTBY THE ADJUSTMENTTAXPAYER IN, ALLOWS THE TAXPAYER TO EXPLAIN THE BASIS FOR THE TAXPAYER S VALUATION ISOF LOS.THE PROPERTY .

THE NOTICE MUST BE MAILED TOGETHERWITHAFORMTHAT ,IFCOMPLETEDBYTHETAXPAYER ALLOWS THE TAXPAYER TO EXPLAIN THE BASIS FOR THE TAXPAYES VALUATION OF THE PROPERTY.THE FORM MAY BE COMPLETED BY THE TAXPAYER TO INITIATE AN APPEAL OF THE ASSESSOR S'S VALUATION .

HOWEVERH OWEVER ,IN ACCORDANCE WITH SECTION 39-5-122 (2)COMPLETION(2),COMPLETION OF THISTHISFORMDOESNOTCONSTITUTETHEEXCLUSIVEMEANSOFAPPEALINGTHE FORM DOES NOT CONSTITUTE THE EXCLUSIVE MEANS OF APPEALING THE -14- 046 ASSESSOR 'SS VALUATION.VALUATION .

(4)(4)(a) (a)Anynoticeofvaluationrequiredbysubsections(1)and(1.5) Any notice of valuation required by subsections (1) and (1.5) of this section sent to the owner of any real property must include the following statement:

"If a property owner does not timely object to their property's valuation bybyJune June 8NE 1 under section 39-5-122, C.R.S.,theymayfilearequestC.R.S., they may file a request for an abatementundersection39-10-114abatement C.R.S.,byunder section 39-10-114 C.R.S., contacting the county assessor." SECTION 11.

PAGE 10-SENATE BILL 26-046 39-5-122.

(1) (a) On or before May 1 of each year, the assessor shall give publicpublicnoticeinatleastoneissueofanewspaperpublishedintheassessor's noticecounty inthat, atbeginning least one issue of a newspaper published in the assessor'scountythat,beginning on the first working dayafterday after notices of adjustedvaluationaremailedtotaxpayers,theassessorwillsittohearalladjusted objectionsvaluationaremailedtotaxpayers,theassessorwillsit tohearallobjections and protests concerning valuations of taxable real property determined by the assessor for the current year;

andthatsuchnoticemustbepostmarked,delivered,orgiveninpersonbyand that such notice must be postmarked, delivered, or given in person by June 8 JUNE 1.

The notice mustmustalsostatethatobjectionsandprotestsconcerningvaluationsoftaxable also state that objections and protests concerning valuations of taxable personal property determined by the assessor for the current year will be heard commencing June 15;

that, for ataxpayer'sobjectionandprotesttobeheard,a taxpayer's objection and protest to be heard, notice must begiventothebe assessor;andthatsuchnoticemustbepostmarkedorphysicallydeliveredgiven to theassessor;andthat such notice must be postmarked or physically delivered by June 30 OR,FOROR ,FOR A COUNTY THAT USES AN ALTERNATE PROTEST AND APPEAL PROCEDURE PURSUANT TO SECTION 39-5-122.7BY39-5-122.7, ULYBY JULY 31.

If there is no such newspaper, then such notice must be conspicuously posted in the offices of the assessor, the treasurer, and the countycountyclerk clerkand -15-recorder 046and andrecorderandinatleasttwootherpublicplacesinthecountyseat.Thein assessorshallsendnewsreleasescontainingsuchnoticetoradiostations,at televisionleast stations,two andother newspaperspublic ofplaces general circulation in the county.countyseat.

(2)The If any person is of the opinion that the person's property has been valued too high, has been twice valued, or is exempt by law from taxationorthatpropertyhasbeenerroneouslyassessedtosuchperson,the person may appear before the assessor andshall object,send completenews thereleases formcontaining mailedwiththeperson'snoticeofvaluationpursuanttosection39-5-121suchnoticetoradiostations,televisionstations,andnewspapersof (1)general orcirculation (1.5), or file a written letter of objection and protest by mail with the assessor's office before the last day specified in the notice,county. stating in general terms the reason for the objection and protest.

Reasons(2) forIfanypersonisoftheopinionthattheperson'spropertyhasbeen thevalued objectiontoo andhigh, protesthas maybeen include,twice butvalued, shallor notis beexempt limitedby to,law thefrom installationtaxation andor operationthat ofproperty surfacehas equipmentbeen relatingerroneously assessed to oilsuch person, the person may appear before the assessor and gasobject, wellscomplete onthe agriculturalform land.mailed with theperson'snoticeof valuationpursuanttosection39-5-121(1)or(1.5),or fileawrittenletterofobjectionandprotestbymailwiththeassessor'soffice beforethelastdayspecifiedinthenotice,statingingeneraltermsthereason for the objection and protest.

AnyReasons changefor orthe adjustmentobjection ofand anyprotest ratiomay include, butshallnotbelimitedto,theinstallation and operation of valuationsurface forequipment assessmentrelating shallto notoil constituteand groundsgas forwells anon objection.agricultural land.

IfAnychange theor formadjustment initiatingof anany appealratio orof thevaluation writtenfor letterassessment shall not constitute groundsforanobjection.Iftheforminitiatinganappealorthewrittenletter of objection and protest is filed by mail, it shall be presumed that it was received as of the daydayit it was postmarked.

If the form initiating an appeal or the written letter of objection and protest is hand-delivered, the date it was received bybythe the assessor shall be stamped on the formformor or letter.

As stated in the public noticegivenbytheassessorpursuanttosubsection(1)ofnotice thissection,thegiven taxpayer'sby notificationthe assessor pursuant to thesubsection assessor(1) of thethis taxpayer'sPAGE objection11-SENATE BILL 26-046 section,thetaxpayer'snotificationtotheassessorofthetaxpayer'sobjection and protest to the adjustment in valuation must be delivered, postmarked, or given in person bybyJune June8 8EJUNE 1 in the case of real property.

In the case ofofpersonalproperty,thenoticemustbepostmarkedorphysicallydelivered personal property, the notice must be postmarked or physically delivered by June 30;XCEPT30; THAT ,FOR A COUNTY THAT USES AN ALTERNATE PROTEST AND APPEAL PROCEDURE PURSUANT TO SECTION -16- 046 39-5-122.7, THE NOTICE MUST BE POSTMARKED OR PHYSICALLY DELIVERED BY ULY 31.

AllEXCEPT suchTHAT forms, andFOR lettersA receivedCOUNTY fromTHAT protestersshallbepresumedtobeontimeunlesstheassessorcanpresentUSES evidenceAN toALTERNATE showPROTEST otherwise.AND APPEAL PROCEDURE PURSUANT TO SECTION 39-5-122.7, THE NOTICE MUST BE POSTMARKED OR PHYSICALLY DELIVERED BY JULY 31.

All such forms and letters received from protesters shall be presumed to be on time unless the assessor can present evidence to show otherwise.

The protester shall have the opportunity on the days specified in the public notice to present the protester'sobjectioninwritingorprotestinpersonandbeheard,whetherprotester's orobjection notin therewriting hasor beenprotest a change in valuationpersonandbeheard,whether ofor nottherehasbeenachangeinvaluationof such property from the previous year and whether or not any change is the result of a determination bythe assessor for the current year or bythe state board of equalization for the previous year.

If the assessor declines to change any valuation that the assessor has determined, the assessor shall provide reasons in writing on the form described in section 39-8-106, shall insert the information otherwise required bybythe the form, and shall mail two copiescopiesONE ONE COPY of the completed form to the person presenting the objection and protest so denied on or beforebeforethelastregularworkingdayoftheassessorinJuneinthecaseofreal the last regular working day of the assessor in June in the case of real property and on or before July 10 in the case of personal property;

except that, if a county uses an alternate protest and appeal procedure pursuant to section 39-5-122.7, the assessor shall mail the copies on or before August 15 in the case of both real and personal property.

(4) The assessor shall continue the assessor's hearings from day to day until all objections and protests have been heard, but all such hearings must be concluded byJuneby 8UNEJune 8 JUNE 1 in the case of real property and July5JUNEJuly5 30JUNE in30inthecaseofpersonalproperty; the case of personal propeEXCEPT THAT ,FOR A -17- 046 COUNTY THAT USES AN ALTERNATE PROTEST AND APPEAL PROCEDURE PURSUANT TO SECTION 39-5-122.7THE HEARINGS MUST BE CONCLUDED BY JULY 31IN THE CASE OF PERSONAL PROPERT.

SECTION12.EXCEPTTHAT ,FORACOUNTYTHAT USES AN ALTERNATE PROTEST AND APPEAL PROCEDURE PURSUANT TO SECTION 39-5-122.7,THEHEARINGSMUSTBECONCLUDEDBY JULY 31 INTHE CASE OF PERSONAL PROPERTY .

InColoradoRevisedStatutes,39-5-122.7,amendSECTION (1)12. and (4) as follows:

In Colorado Revised Statutes, 39-5-122.7, amend (1) and (4) as follows:

AlternateAlternateprotestandappealprocedureforspecified protestPAGE and12-SENATE appealBILL procedure26-046 for specified counties.

(1) The governing body of any county may, at the request of the assessor,assessor,electtouseanalternateprotestandappealproceduretodetermine electobjectionsandprotestsconcerningvaluationsoftaxable toREALORPERSONAL use an alternate protest and appeal procedure to determine objections and protests concerning valuationsof taxable OR PERSONAL property.

The election sMUSTshall MUST not be made unless the assessor has requested the use of the alternative protest and appeal procedure.

The election sMUSTshallMUST be made on or before May 1 of each year and shall beeffectivebe ISeffective for all objections and protests concerning valuations of taxableEALtaxable ORREALORPERSONAL PERSONALpropertyfortheyear.Thegoverningbodyofthecounty propertyshall forprovide notice of the year.election to the board of assessment appeals and to the district court in such county.

The(4) governingNotwithstanding bodysubsection (1) of this section, beginning January 1, 2024, counties with a population greater than three hundred thousand,asdeterminedpursuanttothemostrecentlypublishedpopulation estimates from the countystate shalldemographer provideappointed noticeby the executive director of the electiondepartment toof thelocal boardaffairs, shall in anyyear of assessmentgeneral appealsreassessment of real propertythat is valued bienniallybyan assessor pursuant to section 39-1-104 (10.2) use an alternative protest and appeal procedure to thedetermine districtobjections courtand inprotests suchconcerning county.valuations of taxable REAL property.

(4)When Notwithstandingfollowing subsectionan (1)alternative ofprotest thisand section,appeal beginningprocedure January 1, 2024, counties with a population greater than three hundred thousand, as determined pursuant to thethis mostsubsection recently(4), published population estimates from the stateassessor demographer appointed by the executive director of the department of local affairs, shall inissue any yearwritten ofdetermination generalregarding reassessmentthe ofobjection realand propertyprotest that is valued biennially by anthe assessorpursuanttosection39-1-104(10.2)useanalternativeprotestanddate appealspecified procedurein tosection determine39-5-122 objections(2). and protests concerning valuations of taxableEAL property.

When following an alternative protest and appeal procedure pursuant tothis subsection (4), the assessor -18- 046 shall issue anywritten determination regarding the objection and protest by the date specified in section 39-5-122 (2).

(1) (a) Upon conclusion of hearings by the county board of equalization, as provided in article 8 of this title 39, the assessor shall complete the assessment roll of all taxable propertywithinproperty within the assessor's county,county,and,nolaterthanAugust25ineachyearornolaterthanNovember and,in noeach lateryear than August 25 in eachany yearcounty orthat nouses lateran thanalternate November21ineachyearinanycountythatusesanalternateprotestandprotest and appeal procedure pursuant to section 39-5-122.7, the assessor shall prepare therefrom three copies ofeofthe abstract of assessment and in person,andnotbydeputy,shallsubscribetheassessor'sname,underoath,person, and not bydeputy, shall subscribe the assessor's name, under oath, to the following PAGE 13-SENATE BILL 26-046 statement, which shall be a part of such abstract:

I,I,..............,theassessorof..............county,Colorado, ..............,do solemnlyswear that in the assessorassessment roll of ..............such county I have listed and valued all taxable property located therein and that such propertyhas been assessed for the current year in the manner prescribed by law and that the foregoing abstract of assessment is a true and correct compilation of each schedule.

county, Colorado, do solemnlyswear that intheassessment roll of such county I have listed and valued all taxable property located therein and that such property has been assessed for the current year in the manner prescribed by law and that the foregoing abstract of assessment is a true and correct compilation of each schedule.

(2) Theassessorshallfile,twocopiesNELECTRONICORPAPERThe assessor shall file, two copies IN AN ELECTRONIC OR PAPER FORMAT ,ONE COPY of the abstract of assessment with the administrator, and,appendedthereto,theassessorshallalsofiletheaggregatevaluationand, appended thereto, the assessor shall also file the aggregate valuation for assessment of all taxable propertypropertyin in the county, each municipality, -19- 046 and each school district within the county, bybyclasses classes and subclasses, on a form prescribed by the administrator.

SECTIONSECTION14. 14.

InInColoradoRevisedStatutes,39-5-124,amend(1) Colorado Revised Statutes, 39-5-124, amend (1) as follows:

(1) WhenWhentheabstractof theassessmenthasbeensubscribedandsworn abstract of assessment has been subscribed and sworn to by the assessor and by the chairman of the board of county commissioners,theassessorshalltransmit,wocopiesINELECTRONICORcommissioners, PAPERFORMATthe ,ONECOPYassessor thereoftotheadministrator.andshallretaintheshall thirdtransmit, copytwo forcopies endorsementIN ofELECTRONIC theOR taxPAPER warrantFORMAT thereon,ONE SECTIONCOPY 15.thereof to the administrator.

Inand Coloradoshall Revisedretain Statutes,the 39-8-107,third amendcopy (1);for endorsement of the tax warrant thereon SECTION15.

andInColoradoRevisedStatutes,39-8-107, addamend(1) (7) as follows:

(1)(a)(1) Atthehearinguponapetition,theassessorortheassessor's(a) At the hearing upon a petition, the assessor or the assessor's authorized representative shall be present and shall produce information to supportsupportthebasisandamountoftheassessor'svaluationoftheproperty.The theboard basisshall hear and amountconsider ofall thetestimony assessor'sand valuationexamine ofall theexhibits property.TheboardshallhearandconsideralltestimonyandexamineallPAGE exhibits14-SENATE BILL 26-046 produced or introduced by either the petitioner or the assessor, with no presumptionpresumptioninfavorofanypendingvaluation,andmaysubpoenawitnesses intotestify.THEPETITIONERSHALLPAY favorthecostsofproducingthepetitioner's ofwitnesses, anyshall pendingbe valuation,paid andby maythe subpoenapetitionerd witnessesTHE toCOUNTY testify.SHALL PAY the costs of producing the assessor's witnesses.

TPETITIONER SHALL PAY the costs of producing the petitioner's witnesses, shall be paid by the petitioner THE COUNTY SHALL PAY the costs of producing the assessor's witnesses.

(b) (I) If the board denies the petition, in whole or in part, such -20- 046 written notice shaMUSTshallUST informinformthepetitionerof the petitionerright ofto appeal within the rightthirty-day period following the denial to appealthe withinthethirty-dayperiodfollowingedenialtothedistrictcourtorthedistrict court or the board of assessment appeals pursuant to the provisions ofctionofection39-8-108(1)or 39-8-108(1)orwithinthethirty-dayperiodfollowingthedenialtobmitwithin thecasetoarbitrationpursuanttotheprovisionsofction39-8-108.NOthe LATERthirty-day THANperiod following the denial to submit the case to arbitrationpursuanttotheprovisionsof section39-8-108.5 NOLATERTHAN THE LATER OF:OF :

(A) SEPTEMBERS EPTEMBER 1;

(B) D ECEMBER 1,IN1, IN A COUNTY THAT USES AN ALTERNATE PROTEST ANDAPPEALPROCEDUREAND PURSUANTAPPEAL TOSECTIONPROCEDURE 39-5-122.7ORPURSUANT (C)TO TSECTION HIRTY39-5-122.7; DAYS AFTER THE ENTRY OF THE DENIAL , IF THE PETITIONER WAS NOTIFIED OUTSIDE OF THE REGULAR NOTIFICATION SCHEDULE DESCRIBED IN SECTION39-5-121.

(II)OR Such(C) noticeTHIRTY shallTDAYS stateAFTER that,THE ifENTRY theOF appealTHE isDENIAL to, theIF boardTHE ofassessmentappeals,thehearingbeforetheboardofassessmentappealsPETITIONER shallWILLWAS beNOTIFIED theOUTSIDE lastOF hearingTHE atREGULAR whichNOTIFICATION testimony,SCHEDULE exhibits,DESCRIBED orIN anySECTION other39-5-121. type of evidence maybe introduced byeither partyand that, if there is an appealtothecourtofappealspursuanttosection39-8-108(2),therecord from the hearing before the board of assessment appeals and no new evidence shallWILL be the basis for the court's decision.

The(II) phoneSuchnoticeshall numberMUST andstate addressthat, if the appealistotheboardof assessment appeals, the hearing before the board of assessment appeals shallWILL bethelasthearingatwhichtestimony,exhibits,oranyothertype of evidence maybe introduced byeither partyand that, if there isanappeal tothecourtofappealspursuanttosection39-8-108(2),therecordfromthe hearing before the board of assessment appeals shalllsoand no new evidence shall WILL be includedthe onbasis for the notice.court's decision.

The noticephone shallnumber alsoand state,address inof generalthe terms,board howof toassessment pursueappeals arbitrationshall andMUST that,also ifbe aincluded taxpayeron submits the casenotice. toarbitration,thedecisionreachedundersuchprocessshallLLbefinal and not subject to review.

IfThe anotice refereeshallMUST heardalso thestate, case,in thegeneral boardterms, shall,how atto thepursue writtenarbitration requestand ofthat, anyif a taxpayer orsubmits anythe agentcase ofto sucharbitration, taxpayerthe withindecision sevenreached workingunder dayssuch afterprocess receiptshallWILL ofbe saidfinal request,and makenot availablesubject to thereview. taxpayer or agent the referee's findings and recommendations.

AtIf thea -21-referee 046heard board'sthe election,case, the board mayshall, eitherat the written request of anytaxpayeroranyagentof suchtaxpayerwithinsevenworkingdaysafter receiptof said request, make available tothetaxpayeroragentthereferee's PAGE 15-SENATE BILL 26-046 findingsandrecommendations.Attheboard'selection,theboardmayeither mail, fax, or send by electronic transmission such findings and recommendations to the address, phone number, or electronic address supplied bybysaid said taxpayer or agent.

Upon receiptofreceipt of such request, the board shall notifythenotify the taxpayer or agentofagent of the estimatedcostofprovidingsuchfindingsandrecommendations,paymentestimated cost of whichproviding shallMUSTsuch befindingsandrecommendations,paymentofwhichshall madeMUST priorbemadeprior to providing such findings and recommendations.

Upon providing such findings and recommendations, the board may include a bill for the reasonable cost above the estimated cost and up to the statutory maximum which shall beandbe ISdue and payable upon receipt by the taxpayer or agent.

SECTIONSECTION16. 16.

InInColoradoRevisedStatutes,39-8-108,amend(1) Colorado Revised Statutes, 39-8-108, amend (1) as follows:

(1)(1)(a) (a)Ifthecountyboardofequalizationgrantsapetition,inwhole If the county board of equalization grants a petition, in whole or in part, the assessor shall adjust the valuation accordingly;

but, if the petition is denied, in whole or in part, the petitioner mayappealmay appeal the valuation set by the assessor or, if the valuation is adjusted as a result of a decision of the county board of equalization, the adjusted valuation to the board of assessment appeals or to the district court of the county wherein the petitioner's property is located for a trial de novo, or the petitionermaysubmitthecasetoarbitrationpursuanttotheprovisionsofpetitioner may submit the case to arbitration pursuant to the provisions of section 39-8-108.5.

Such appeal or submission to arbitration shallshallMUST be taken no later thanthanTHE LATER O:OF :

(I) SPTEMBERSEPTEMBER 1;

(II) DECEMBER 1,1,IN IN A COUNTY THAT USES AN ALTERNATE PROTEST ANDAPPEALPROCEDUREAND PURSUANTAPPEAL TOSECTIONPROCEDURE 39-5-122.7ORPURSUANT -22-TO 046SECTION (III)39-5-122.7; Thirty days after the date sTHE denial was mailed pursuant to section 39-8-107 (2), THE PETITIONER WAS NOTIFIED OUTSIDEOFTHEREGULARNOTIFICATIONSCHEDULEDESCRIBEDINSECTION 39-5-121.

(b)OR Any(III) decisionThirtydays renderedafter by the countydate boardsucTHE ofdenial equalizationwas shallMUSTmailed statepursuant that the petitioner has the right to appealsection the39-8-107 decision(2),IF ofTHE thecountyboardtotheboardofassessmentappealsortothedistrictcourtPETITIONER ofWAS theNOTIFIED countywhereinOUTSIDE theOF petitioner'sTHE propertyisREGULAR locatedNOTIFICATION orSCHEDULE toDESCRIBED submitIN theSECTION case39-5-121. to arbitration and, to preserve such right, the time by which such appeal or submission to arbitration must be made.

Any(b) requestAnydecision byrendered abythe taxpayerforahearingbeforetheboardofassessmentappealsshallUSTcountyboardof beequalizationshall accompaniedMUST bystate athat nonrefundablethe filingpetitioner feehas inthe anright amountto specifiedappeal inthe sectiondecision 39-2-125of (1)(h).the county board to the board of assessment appeals or to the district court of PAGE 16-SENATE BILL 26-046 the countywherein the petitioner's propertyis located or to submit the case to arbitration and, to preserve such right, the time bywhich such appeal or submission to arbitration must be made.

InAny addition, any request by a taxpayer for a hearinghearingbeforetheboardofassessmentappealsshall beforeMUST thebeaccompanied boardby ofa assessmentnonrefundable appealsfiling shallefee stampedin withan theamount datespecified onin whichsection such39-2-125 request(1)(h). was received by the board.

AllIn addition, anyrequest bya taxpayer for a hearing before the board of assessment appeals shallUST be stamped with the date on which such requestsshallbeRErequestwasreceivedbytheboard.Allsuchrequestsshallbe presumedtobeontimeunlesstheboardcanpresentARE presumed to be on time unless the board can present evidence to show otherwise.

SECTION17.SECTION 17.

InColoradoRevisedStatutes,39-8-108.5,amendIn Colorado Revised Statutes, 39-8-108.5, amend (2)(a) as follows:

(2) (a) (I) Within thirtydaysthirty days of the countyboardcounty board of equalization's decision,nydecision, Any taxpayer who plans to pursue arbitration shall notify the board of hisHEhisTHE TAXPAYER'SintenNOTAXPAYER 'SintentNO LATER THAN THE LATER OF:OF :

(B) DECEMBER 1,1,IN IN A COUNTY THAT USES AN ALTERNATE PROTEST ANDAPPEALPROCEDUREAND PURSUANTAPPEAL TOSECTIONPROCEDURE 39-5-122.7ORPURSUANT -23-TO 046SECTION 39-5-122.7;OR (C) THIRTYT HIRTY DAYS AFTER THE COUNTY BOARD OFEQUALIZATIONOF SEQUALIZATION DECISION,IF'S DECISION ,IF THE TAXPAYER WAS NOTIFIED OUTSIDE OF THE REGULAR NOTIFICATION SCHEDULE DESCRIBED IN SECTION 39-5-121.

(II) ThetaxpayerandthecountyboardofequalizationshallselectThe antaxpayer arbitratorand from the list prepared pursuant to subsection (1) of this section within forty-fiveFIFTEEN days of the county board of equalization'sequalization decisionTICEshall OFselect THEanarbitratorfromthelistpreparedpursuanttosubsection(1)ofthissection TAXPAYERwithinforty-fiveFIFTEEN 'Sdaysofthecountyboardofequalization'sdecision INTENTNOTICEOFTHETAXPAYER TOSINTENTTOPURSUEARBITRATION PURSUEorwithinthirty ARBITRATIONdaysfromthedatethelistofarbitratorsismadeavailableinanygivenyear, or within thirty days from the date the list of arbitrators is made available in any given year, whichever is later.

In the absence of agreement by the taxpayer and the county board of equalization within said specified time period, the district courtcourtof ofthecountyinwhichthepropertyislocatedshallselectanarbitrator the county in which the property is located shall select an arbitrator from said list.

Section PAGE 17-SENATE BILL 26-046 39-1-104.6, ColoradoRevisedStatutes,asamendedinsection1of this act, section 39-1-113, Colorado Revised Statutes, as amended in section 13 of thisact,section39-3-205,ColoradoRevisedStatutes,asamendedinsection of this act, section 39-1-113,39-3-206, Colorado Revised Statutes, as amended in section 3of9 thisact,section39-3-205,ColoradoRevisedStatutes,asamendedinof section 8of this act, section 39-3-206,39-5-121, Colorado Revised Statutes, as amended in section 9of10 of this act, section 39-5-121,39-5-122, Colorado Revised Statutes,asamendedinsection10 ofthisact,section39-5-122,Colorado Revised Statutes, as amended in section 11of11 of this act, and section 39-5-122.7, Colorado Revised Statutes, as amended in section 12his12 of this act take effect January1, 2027, and the remainder of this act takes effect at12:01a.m.onthedayfollowingtheexpirationoftheninety-dayperiodat after12:01 finala.m. adjournment of the general assembly;

excepton that,the ifday afollowing referendumthe petitionexpiration is filed pursuant to section 1 (3) of article V of the stateninety-day constitutionperiod againstafter thisfinal actadjournment or an item, section, or part of this act within such period, then the act, item, section, or part will not take effect -24- 046 unless approved by the people at the general electionassembly; to be held in November 2026 and, in such case, will take effect on the date of the official declaration of the vote thereon by the governor;

except thatthat, sectionif 39-1-104.6,a Coloradoreferendum Revisedpetition Statutes,isfiledpursuanttosection1(3)of asarticleVof amendedthestateconstitutionagainst in section 1 of this act,act sectionor 39-1-113,an Coloradoitem, Revisedsection, Statutes,or aspart amended in section 3 of this act,act sectionwithin 39-3-205,such Coloradoperiod, Revisedthen Statutes,the as amended in section 8 of this act, sectionitem, 39-3-206,section, Coloradoor Revisedpart Statutes,will asnot amendedtake ineffect sectionunless ofapproved thisbythe act,people sectionat 39-5-121,the Coloradogeneral Revisedelection Statutes,to asbe amendedheld in sectionNovember 10f2026 thisand, act, section 39-5-122, Colorado Revised Statutes, as amended in sectionsuch 11case, ofwill this act, and section39-5-122.7,ColoradoRevisedStatutes,asamendedinsection12 of this act take effect January 1, 2027, or on the date of the official declaration of the vote thereon bybythe thegovernor; governor, whichever is later.

-25-except 046that section 39-1-104.6, Colorado Revised Statutes, as amended in section 1 of this act, section 39-1-113, Colorado Revised Statutes, as amended in section 3 of this act, section 39-3-205, Colorado Revised Statutes, as amended in section 8 of this act, section 39-3-206, Colorado Revised Statutes, as amended in section 9 of this act, section 39-5-121, Colorado Revised Statutes, as amended in section 10 of this act, section 39-5-122, Colorado Revised Statutes, as amended in section 11 of this act, and section 39-5-122.7, Colorado Revised Statutes, as amended in PAGE 18-SENATE BILL 26-046 section 12 of this act take effect January 1, 2027, or on the date of the official declaration of the vote thereon bythe governor, whichever is later.

____________________________ ____________________________ James Rashad Coleman, Sr.

Julie McCluskie PRESIDENT OF SPEAKER OF THE HOUSE THE SENATE OF REPRESENTATIVES ____________________________ ____________________________ Esther van Mourik Vanessa Reilly SECRETARY OF CHIEF CLERK OF THE HOUSE THE SENATE OF REPRESENTATIVES APPROVED________________________________________ (Date and Time) _________________________________________ Jared S.

Polis GOVERNOR OF THE STATE OF COLORADO PAGE 19-SENATE BILL 26-046