Colorado § 39-5-117 Property improvements destroyed after assessment date

Colorado Statutes

§ 39-5-117 — Property improvements destroyed after assessment date

Colorado·Title 39 Taxation·Art. Valuation and Taxation

Whenever any improvements are destroyed or demolished subsequent to the
assessment date in any year, it is the duty of the owner thereof or the owner's agent
to promptly notify the assessor of such destruction or demolition and the date upon
which the same occurred. In all such cases, such improvements shall be valued by
the assessor at the proportion of its valuation for the full calendar year that the
period of time in such year prior to its destruction or demolition bears to the full
calendar year. Failure of the owner thereof or of the owner's agent to so notify the
assessor prior to the date taxes are levied shall be considered a waiver, and no
proportionate valuation by the assessor shall then be required.

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Whenever any improvements are destroyed or demolished subsequent to the
assessment date in any year, it is the duty of the owner thereof or the owner's agent
to promptly notify the assessor of such destruction or demolition and the date upon
which the same occurred. In all such cases, such improvements shall be valued by
the assessor at the proportion of its valuation for the full calendar year that the
period of time in such year prior to its destruction or demolition bears to the full
calendar year. Failure of the owner thereof or of the owner's agent to so notify the
assessor prior to the date taxes are levied shall be considered a waiver, and no
proportionate valuation by the assessor shall then be required.

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