CONCERNING PROPERTY TAXATION OF MOBILE HOMES, AND, IN CONNECTION THEREWITH, CREATING AN EXEMPTION FOR LOW-VALUE MOBILE HOMES AND MODIFYING THE NOTICE REQUIREMENTS FOR MOBILE HOMES TO BE SOLD DUE TO DELINQUENT TAXES.
Be it enacted by the General Assembly of the State of Colorado:
SECTION 1. In Colorado Revised Statutes, add 39-3-126.5 as 3 follows:
4 39-3-126.5. Mobile homes - low-value - exemption - legislative 5 declaration- definition (1) THE GENERAL ASSEMBLY HEREBY FINDS AND DECLARES 6 THAT:
(3) FOR PROPERTY TAX YEARS COMMENCING ON OR AFTER 21 JANUARY 1,2022, A MOBILE HOME WITH AN ASSESSED VALUE THAT IS LESS THAN OR EQUAL TO TWENTY-EIGHT THOUSAND DOLLARS IS EXEMPT FROM THE LEVY AND COLLECTION OF PROPERTY TAX.
If a Mobile Home's assessed value is equal to or less than $28,000, the taxes due for the 2022 Tax year is $0.00.
This House Bill only affects the 2022 Tax Year. Our office will keep the public informed as soon as new information is received in regards to this matter.