§ 39-2-114 — Reappraisal - when - procedures

Colorado § 39-2-114

• Jurisdiction: Colorado
• Title 39: Taxation
• Art.: Division of Property Taxation -

Text

(1) Whenever the administrator
petitions the state board of equalization for its order of reappraisal of any class or
subclass of taxable property for the following taxable year, the administrator shall
send a copy of such petition to the assessor of the county in which such class or
subclass of taxable property is located. The petition of reappraisal shall include the
reasons for such reappraisal, and the administrator has the duty to establish to the
satisfaction of the state board of equalization the need for such reappraisal. The
state board of equalization shall conduct a hearing on such petition, at which
hearing the assessors shall attend and shall give such testimony and present such
evidence as the state board of equalization may require.

(2) At the hearing on the petition for reappraisal, the affected county
assessor shall have the opportunity to appear, to produce testimony and evidence,
and to cross-examine witnesses. The decision of the state board of equalization
shall be delivered in writing no later than the close of business on November 15.

(3) If such reappraisal is ordered by the state board of equalization, the
property tax administrator shall direct the staff of the division of property taxation,
working jointly with the assessor of such county, to reappraise such property, and
the value so determined shall be the actual value of the taxable property in such
county for the next taxable year. The results of the reappraisal shall be filed with
the property tax administrator no later than the close of business on the last
working day in May of the year in which the reappraised values shall be effective,
and a copy thereof shall be filed with the assessor.

(4) The affected assessor, board of county commissioners, town, city, school
district, or special district, or any taxpayer resident therein, or any of them, may
appeal the reappraised value to the state board of equalization by petition filed with
the state board of equalization no later than the tenth day of June next following.
Upon appeal, the assessor and any other petitioner shall have the right to appear,
produce testimony and evidence, and cross-examine witnesses.

(5) The state board of equalization may affirm, rescind, or modify the
reappraised values appealed, and shall enter its written order thereof no later than
the first day of July next following.

Legislative History

Source: L. 70: R&RE, p. 373, � 1. C.R.S. 1963: � 137-3-14. L. 77: (1) R&RE, p. 1734, � 10, effective June 20. L. 81: (1) amended, p. 1398, � 10, effective January 1. L. 83: Entire section amended, p. 1490, � 4, effective April 21. L. 86: (2) amended, p. 1101, � 2, effective March 26. L. 89: (2) amended, p. 1452, � 6, effective June 7.