C.R.S. § 39-1-104.3

[Editor’s note: This version of this section is effective until a ballot issue is referred to and approved by the registered electors in accordance with section 24-77-202 , Colorado Revised Statutes. See the editor’s note following this section.] (1) As used in this section, unless the context otherwise requires, “residential real property” means property listed by the assessor under any residential real property classification code. (2) For the property tax year commencing on January 1, 2023,the valuation for assessment for residential real property is six and seven hundred sixty-five thousandths percent, as set forth in section 39-1-104.2 (3)(q)(II) and (3)(r)(II), of the amount equal to the actual value, determined pursuant to section 39-1-103 , minus the lesser of fifteen thousand dollars or the amount that reduces the valuation for assessment to one thousand dollars. (3) This adjustment does not apply to any other class of property. (4) This section is repealed, effective July 1, 2025.