Colorado Statutes

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

Colorado § 39-5-117
JurisdictionColorado
Title 39Taxation
Art.Valuation and Taxation

This text of Colorado § 39-5-117 (Property improvements destroyed after assessment date) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Colo. Rev. Stat. § 39-5-117 (2026).

Text

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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Legislative History

Source: L. 64: R&RE, p. 702, � 1. C.R.S. 1963: � 137-5-17. L. 96: Entire section amended, p. 47, � 7, effective March 20.

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Bluebook (online)
Colorado § 39-5-117, Counsel Stack Legal Research, https://law.counselstack.com/statute/co/39/39-5-117.