SB 23-304 CO

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Became Law

The act specifies that when a property tax assessor values real property, the property tax assessor shall consider: The current use; Existing zoning and other governmental land use or environmental regulations and restrictions; Multi-year leases or other contractual arrangements affecting the use of or income from real property; Easements and reservations of record; and Covenants, conditions, and restrictions of record. Beginning January 1, 2024, the act requires counties with a population greater than 300,000 to use an alternative procedure to determine objections and protests of property tax valuations in any year of general reassessment of real property that is valued biennially. At the request of a taxpayer, the law requires a property tax assessor to provide the taxpayer with certain data that the assessor used to determine the value of the taxpayer's property. The act clarifies that the data the assessor is required to provide must include the primary method and rates the assessor used to value the property. APPROVED by Governor May 24, 2023 EFFECTIVE August 7, 2023 NOTE: This act was passed without a safety clause and takes effect 90 days after sine die.(Note: This summary applies to this bill as enacted.)

• Chris Hansen · primary
• Steve Fenberg · primary
• Bob Marshall Democratic · primary
• Shannon Bird · primary

1. May 24, 2023 Governor Signed · executive
2. May 15, 2023 Sent to the Governor · executive
3. May 15, 2023 Signed by the Speaker of the House · lower
4. May 10, 2023 Signed by the President of the Senate · upper
5. May 8, 2023 House Third Reading Passed - No Amendments · lower
6. May 8, 2023 House Considered Senate Adherence - Result was to Recede · lower
7. May 8, 2023 Senate Considered House Amendments - Result was to Adhere · upper
8. May 7, 2023 House Third Reading Passed - No Amendments · lower
9. May 6, 2023 House Second Reading Special Order - Passed with Amendments - Committee, Floor · lower
10. May 5, 2023 House Committee on Finance Refer Amended to House Committee of the Whole · lower
11. May 4, 2023 Introduced In House - Assigned to Finance · lower
12. May 4, 2023 Senate Third Reading Passed - No Amendments · upper
13. May 3, 2023 Senate Second Reading Special Order - Passed - No Amendments · upper
14. May 2, 2023 Senate Committee on Finance Refer Unamended to Senate Committee of the Whole · upper
15. May 1, 2023 Introduced In Senate - Assigned to Finance · upper