Colorado Residential Assessment Rate 2024. The residential property assessment rate was 6.765% in 2023. The legislature last year passed a measure reducing the residential assessment rate, which is supposed to be 7.15%, through the 2024 tax year for taxes owed in 2025.
For multifamily residential property, the rate will be 6.8%. This is the first step in the assessment process.
State House And Senate Democratic Leaders On Thursday Revealed Their Proposed Solution To Soaring Property Taxes In Colorado:
The current assessment rate below reflects rates for the 2023 tax year that will impact tax bills paid in 2024.
Any Information On Ownership, Location, Use, Sales, Building Measurements, Construction Type And Costs,.
It is anticipated that the residential assessment rate will be reduced for the first time in 14.
In 2024, Multifamily Residential Assessment Ratios Are Increased To 6.8%, While All Other Residential Real Property Is Temporarily Established As The Percentage Calculated.
Images References :
October 10, 2023 At 9:50 Pm.
A video presentation about colorado property taxes and the gallagher amendment.
The Current Assessment Rate Below Reflects Rates For The 2023 Tax Year That Will Impact Tax Bills Paid In 2024.
For 2024, the residential assessment rate calculation is supposed to make the cumulative revenue reduction equal $700 million.
That Figure Is Then Multiplied By Each Town’s Mill Levy Rate.