Colorado § 39-7-102 Valuation for assessment

Colorado Statutes

§ 39-7-102 — Valuation for assessment

Colorado § 39-7-102

Title 39Taxation

Art.Valuation of Oil and Gas

This text of Colorado § 39-7-102 (Valuation for assessment) 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. § 39-7-102 (2026).

Text

(1)Except as provided in subsection

(2)of this section, on the basis of the information contained in such statement, the assessor shall value such oil and gas leaseholds and lands for assessment, as real property, at an amount equal to eighty-seven and one-half percent of:

(a)The selling price of the oil or gas sold from each wellhead during the preceding calendar year, after excluding the selling price of all oil or gas delivered to the United States government or any agency thereof, the state of Colorado or any agency thereof, or any political subdivision of the state as royalty during the preceding calendar year;

(b)The selling price of oil or gas sold in the same field area for oil or gas transported from the premises which is not sold during the preceding calendar year,

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(1) Except as provided in subsection
(2) of this section, on the basis of the information contained in such statement, the
assessor shall value such oil and gas leaseholds and lands for assessment, as real
property, at an amount equal to eighty-seven and one-half percent of:

(a) The selling price of the oil or gas sold from each wellhead during the
preceding calendar year, after excluding the selling price of all oil or gas delivered
to the United States government or any agency thereof, the state of Colorado or
any agency thereof, or any political subdivision of the state as royalty during the
preceding calendar year;

(b) The selling price of oil or gas sold in the same field area for oil or gas
transported from the premises which is not sold during the preceding calendar
year, after excluding the selling price of all oil or gas delivered to the United States
government or any agency thereof, the state of Colorado or any agency thereof, or
any political subdivision of the state as royalty during the preceding calendar year.

(2) In order to promote the initiation or continuation of secondary recovery,
tertiary recovery, or recycling projects which conserve and avoid waste of oil and
gas, the assessor shall value oil and gas leaseholds and lands employing such
projects for assessment as provided in subsection (1) of this section but at an
amount equal to seventy-five percent of:

(a) The selling price of the oil or gas sold therefrom during the preceding
calendar year, after excluding the selling price of all oil or gas delivered to the
United States government or any agency thereof, the state of Colorado or any
agency thereof, or any political subdivision of the state as royalty during the
preceding calendar year;

(b) The selling price of oil or gas sold in the same field area for oil or gas
transported from the premises which is not sold during the preceding calendar
year, after excluding the selling price of all oil or gas delivered to the United States
government or any agency thereof, the state of Colorado or any agency thereof, or
any political subdivision of the state as royalty during the preceding calendar year.

Legislative History

Source: L. 64: R&RE, p. 711, � 1. C.R.S. 1963: � 137-7-2. L. 69: p. 1120, � 2. L. 77: Entire section amended, p. 1852, � 2, effective January 1, 1978. L. 81: Entire section amended, p. 1857, � 2, effective January 1, 1982. L. 2014: (1)(a) amended, (HB 14-1371), ch. 400, p. 2013, � 2, effective August 6.