summary
Introduced
02/04/2026
02/04/2026
In Committee
02/04/2026
02/04/2026
Crossed Over
Passed
Dead
04/16/2026
04/16/2026
Introduced Session
Potential new amendment
2026 Regular Session
Bill Summary
Section 2 of the bill allows local governments and certain special districts authorized to impose property taxes (local taxing entities) to tax certain land and improvements thereon at different mill levy rates, provided that the mill levy rate for the improvements is less than or equal to the mill levy rate for the land. A local taxing entity may not impose different mill levy rates for agricultural land, land used for renewable energy production, land subject to a perpetual conservation easement, leaseholds and lands producing oil or gas, producing mines or nonproducing mining claims, or state-assessed land. Nothing in section allows a local taxing entity to impose property taxes on the assessed value of land and the assessed value of improvements thereon at different mill levy rates in a manner that is not consistent with section 20 of article X of the state constitution or any statutory limitation on the local taxing entity's mill levy rates or total property tax revenue. Section 3 requires boards of county commissioners and other local taxing entities to include with their certifications of all property tax levies the individual certification of any local taxing entity required by section regarding the different mill levy rates used for land and improvements thereon by the local taxing entity. Section 4 updates the tax and levy rate information required to be made publicly available to include the specific, different mill levy rates used for land and improvements thereon, if applicable. Section 5 modifies the duty of local taxing entities to certify their property tax levy to the board of county commissioners to require any local taxing entity that imposes property taxes on the assessed value of land and the assessed value of improvements thereon at different rates, as allowed by section 2, to specify those mill levy rates in the local taxing entity's certification of its levy.
AI Summary
This bill allows local taxing entities, which are government bodies authorized to impose property taxes like counties, cities, and special districts, to set different property tax rates, known as mill levies, for land and the buildings or improvements on that land, provided the rate for improvements is not higher than the rate for the land itself. This option is available for property tax years starting January 1, 2027, and applies to most properties, but it explicitly excludes agricultural land, land used for renewable energy, land with conservation easements, oil and gas properties, mining properties, and state-assessed properties from this differential taxing. The bill also clarifies that these new provisions must comply with existing constitutional and statutory limits on tax rates and revenue. Furthermore, it requires local taxing entities to clearly report these different mill levy rates for land and improvements when certifying their tax levies to county commissioners and to make this information publicly available, ensuring transparency in how property taxes are calculated.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
House Committee on Finance Postpone Indefinitely (on 04/16/2026)
Taxonomy
Community Development and Housing Issues
- ‐ Housing and Community Development for Low and Middle Income Persons
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://leg.colorado.gov/bills/HB26-1119 | 02/04/2026 |
| Fiscal Note Final Fiscal Note | https://leg.colorado.gov/bill_files/117095/download | 06/04/2026 |
| House Finance Amendment L.003 | https://leg.colorado.gov/bill_amendments/19334/download | 04/16/2026 |
| House Finance Amendment L.002 | https://leg.colorado.gov/bill_amendments/19335/download | 04/16/2026 |
| House Finance Amendment L.001 | https://leg.colorado.gov/bill_amendments/19336/download | 04/16/2026 |
| Fiscal Note Initial Fiscal Note | https://leg.colorado.gov/bill_files/114507/download | 04/13/2026 |
| BillText | https://leg.colorado.gov/bill_files/111272/download | 02/04/2026 |
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