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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) As used in this section, unless the context otherwise requires:
(a) “Communication” means any tax statement pursuant to section 39-10-103.
(b) “Mill” means the rate of property taxation equivalent to the amount of dollars per one thousand dollars of valuation for assessment of taxable real or personal property.
(c) “Valuation for assessment” means the actual value of any real or personal property multiplied by the assessment percentages specified in law.
(2) The general assembly hereby finds, determines, and declares that communications to taxpayers regarding the imposition of property taxes expressed in mills can be unduly confusing to the general public. The general assembly further finds, determines, and declares that, for the convenience of taxpayers and to assist citizens in better understanding the property taxation system, it is advantageous for governmental entities levying property taxes to inform taxpayers of such tax rates in terms of the amount of dollars per one thousand dollars of valuation for assessment of taxable real or personal property.
(3) In any communication to a taxpayer, any mill levy amounts stated shall be converted into the amount of dollars per one thousand dollars of valuation for assessment of taxable real or personal property.
Cite this article: FindLaw.com - Colorado Revised Statutes Title 39. Taxation § 39-1-121. Expression of rate of property taxation in dollars per thousand dollars of valuation for assessment--definitions - last updated January 01, 2025 | https://codes.findlaw.com/co/title-39-taxation/co-rev-st-sect-39-1-121/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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