§ 39-14-102 — Filing of declaration - information available to county assessor

Colorado § 39-14-102

• Jurisdiction: Colorado
• Title 39: Taxation
• Art.: Real Property Transfer Information

Text

(1) (a) On or after July 1, 1989, any conveyance document presented for recordation
shall be accompanied by a declaration prescribed by the property tax administrator.
Said declaration shall be completed and signed by either the grantor or the
grantee.

(b) (I) If the declaration required in this subsection (1) does not accompany a
conveyance document at the time such conveyance document is presented for
recordation, the county clerk and recorder shall promptly record the conveyance
document and shall notify the county assessor that such conveyance document
was not accompanied by such declaration.

(II) Upon receiving such notice from the county clerk and recorder pursuant
to subparagraph (I) of this paragraph (b), the county assessor shall send written
notice to the grantee specified in such conveyance document that the grantee shall
provide the declaration to the county assessor within thirty days of the date the
notice was mailed. If the grantee fails to provide such declaration within thirty days
after the date the notice was mailed, the county assessor may impose upon such
grantee a penalty of twenty-five dollars or a penalty equal to twenty-five one-thousandths of one percent of the sale price of the real property transferred
pursuant to the conveyance document, whichever amount is greater. In each
subsequent year in which the grantee fails to file the declaration, the assessor may
impose said specified penalty unless the real property has been subsequently
conveyed. Any penalty imposed pursuant to this subparagraph (II) shall be a fee of
the office of the county assessor.

(III) Any unpaid penalties which were imposed pursuant to subparagraph (II)
of this paragraph (b) shall be certified to the county treasurer by January 1 of each
year and shall be included in the statement sent to the grantee pursuant to section
39-10-103 for property taxes levied against the real property.

(c) The county clerk and recorder shall not record or file any declaration
made pursuant to the provisions of this section; however, the county clerk and
recorder shall enter upon such declaration the date of recordation and reception
number of the conveyance document presented for recordation. The county clerk
and recorder shall transmit any declaration made pursuant to the provisions of this
section to the county assessor. The county assessor shall make any declaration
made pursuant to the provisions of this section available for inspection by any
taxpayer who was the grantee specified in the conveyance document which such
declaration accompanied or who filed such declaration, the person conducting any
valuation for assessment study pursuant to section 39-1-104 (16) and his
employees, and the property tax administrator and his employees.

(2) No declaration made pursuant to the provisions of this section which
accompanies a conveyance document or is filed separately shall be deemed to
provide constructive notice of information contained therein for purposes of article
35 of title 38, C.R.S.

(3) (Deleted by amendment, L. 96, p. 949, � 4, effective July 1, 1996.)

(4) Each county assessor shall maintain a data bank consisting of
information which has been derived from the declarations filed pursuant to the
provisions of this article. Such information shall be used to properly adjust sales for
sales ratio analysis and for determining the actual value of the real property
transferred and the actual value of other real property, as well as other purposes
deemed appropriate by the county assessor.

Legislative History

Source: L. 89: Entire article added, p. 1460, � 20, effective July 1. L. 90: (1)(c) amended, p. 1698, � 25, effective June 9. L. 96: (1)(a), (1)(b)(II), and (3) amended, p. 949, � 4, effective July 1.