County Treasurers and Public Trustees
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Valuation and Taxation
State Board of
39-9-101. State board of equalization.
(1) The state board of equalization shall consist of the governor or his
designee, the speaker of the house of representatives or his designee, the
president of the senate or his designee, and two members appointed by the
governor with the consent of the senate. Each of the appointed members shall be
a qualified appraiser or a former assessor or a person who has knowledge and
experience in property taxation. Said board shall elect a chairman and a
vice-chairman; the vice-chairman shall act as chairman in the absence of the
(2) No more than three members of the state board of equalization
shall be affiliated with the same political party. Each member shall receive a
per diem allowance of fifty dollars for each day spent attending meetings or
hearings of the state board of equalization or otherwise spent discharging his
duties as a member of said board; except that no member shall receive the per
diem allowance provided for in this subsection (2) for any day for which he
receives a per diem allowance from the state under any other statute and except
that no member shall receive the per diem allowance provided for in this
subsection (2) if he receives a salary from the state for a full-time position
with the state. Each member of said board shall receive actual and necessary
expenses incurred in performing his duties as a member of said board. The
members appointed by the governor shall serve at the pleasure of the governor
but shall not serve for more than four consecutive years unless reappointed by
the governor and reconfirmed by the senate at the conclusion of said four years.
Vacancies in either of the appointed positions on the state board of
equalization shall be filled by appointment by the governor with the consent of
the senate for the unexpired term.
39-9-102. Meetings of state board of equalization.
The state board of equalization shall meet at a place designated by the
chairman, at such times as the chairman may deem necessary.
(2) All sessions of said board shall be conducted in public, and a
full and correct record of its proceedings shall be kept, which record shall be
a public document and available for public inspection. Opportunity shall be
afforded any person to appear before said board to present facts and information
for its consideration.
(3) Two weeks before each meeting of the state board of
equalization, a news release stating the time and location of the meeting shall
be sent throughout the state to radio stations, television stations, and
newspapers of general circulation. Not later than two weeks before each meeting,
the board shall also mail notice to each assessor and board of county
commissioners of a county with regard to the nature of any action it may take
pertaining to current year valuations for assessment.
39-9-103. Duties of state board - enforcement -
(1) The state board of equalization shall order reappraisals of classes as
provided in section 39-1-105.5, make other
orders as provided in said section, and perform such other duties as are
provided for in said section.
(2) The state board of equalization shall conduct hearings on
petitions filed by the administrator for the reappraisal of one or more classes
or subclasses of taxable property pursuant to section
39-2-114. The state board of equalization shall also conduct hearings
upon complaints filed by the administrator, upon his own motion or upon petition
by any tax-levying authority in this state, concerning valuation for assessment
of one or more classes or subclasses of taxable property if a reappraisal has
not been conducted or ordered pursuant to the provisions of section
39-2-114. Decisions of the state board of
equalization shall be subject to judicial review as provided in section
(3) Said board may compel compliance with its orders by proceedings
in the nature of mandamus, by injunction, or by other appropriate civil
It is the duty of the state board of equalization to examine and review the
valuations for assessment of taxes upon the various classes and subclasses of
taxable real and personal property located in the several counties of the state
as reflected in the abstract of assessment of each county, the decisions of the
board of assessment appeals, the recommendations of the administrator, and,
effective January 1, 1983, the study conducted by the director of research of
the legislative council pursuant to section 39-1-104
(5) The decisions of the board of assessment appeals which affect
the valuation of classes or subclasses of property may be reversed or modified
by the state board of equalization, and such action shall be taken only if a
written appeal has, within thirty days of the board of assessment appeals'
decision, been lodged with the state board of equalization by one of the parties
to the proceedings before the board of assessment appeals. Decisions of the
state board of equalization shall be subject to judicial review as provided in
section 24-4-106, C.R.S.
(6) The state board of equalization shall conduct hearings upon
complaints filed by the property tax administrator, upon his own motion or upon
petition by any tax-levying authority in this state, concerning alleged
dereliction of duty on the part of a county assessor.
(7) The state board of equalization shall review abstracts of
assessment and may, by order, change the valuation for assessment of any class
or subclass of property which was changed by a county board of equalization.
(8) The state board of equalization may promulgate such rules and
regulations as are necessary for the implementation of its duties and
responsibilities. Such rules and regulations shall be promulgated pursuant to
and be subject to the provisions of section 24-4-103,
(10) (a) It is the function of the state board of equalization and
it shall have and exercise the authority, prior to publication but subsequent to
review by the advisory committee to the property tax administrator pursuant to
section 39-2-131 (1), to review and approve or
disapprove, within thirty days after receipt from said advisory committee to the
property tax administrator:
(I) Manuals or any part thereof, appraisal procedures, instructions,
and guidelines prepared and published by the administrator pursuant to section
39-2-109 (1) (e) and based upon the approaches
to appraisal set forth in section 39-1-103 (5)
(a) and pursuant to section 39-2-109 (1) (k);
(II) Forms, notices, and records approved or prescribed pursuant to
the authority of the property tax administrator set forth in section
39-2-109 (1) (d).
(b) Any manuals, appraisal procedures, instructions, guidelines,
forms, notices, or records which are not approved or disapproved by the state
board of equalization within said thirty days shall be automatically approved;
except that, if within said thirty days the state board of equalization
schedules a hearing on such manuals, appraisal procedures, instructions,
guidelines, forms, notices, or records, such automatic approval shall not occur
unless the state board of equalization does not approve or disapprove such
manuals, appraisal procedures, instructions, guidelines, forms, notices, or
records within thirty days after the conclusion of such hearing.
39-9-104. Correction of errors.
The state board of equalization shall correct any obvious error appearing in any
county abstract of assessment, whether made by the assessor or by the
administrator. The state board of equalization shall not change any matter
pertaining to the actual value of any class or subclass except as provided in
39-9-103 (7); except that, in the taxable
year following the year of reappraisal ordered by the state board of
equalization, such board may change any matter pertaining to the actual value,
and such change shall be made by the assessor in the abstract of assessment of
such current taxable year.
39-9-105. Certification of valuations for assessment.
(1) No later than December 20 of each year, the state board of equalization
shall complete its review of the abstracts of assessment of the several counties
of the state, and the chair of the state board of equalization shall thereupon
certify to the assessor of each county a statement of the changes, if any,
ordered by said board in the abstract of his or her county for the current
taxable year and for the next succeeding taxable year and shall also return the
abstract of assessment for the current taxable year to each county.
39-9-106. Supervision and administration of property tax
The state board of equalization shall have supervision of the administration of
all laws concerning the valuation and assessment of taxable property and the
levying of property taxes.
39-9-107. Assessment roll to conform.
Whenever the state board of equalization orders any change in the valuation for
assessment of any class or subclass of taxable real or personal property located
in a county, the assessor thereof shall make the proper adjustment in individual
schedules so that the assessment roll of his county conforms with the statement
of changes ordered by said board and certified by the chairman of said board.
39-9-108. Judicial review - interest during review.
Decisions of the state board of equalization shall be subject to judicial
review, as provided in section 24-4-106, C.R.S.
Such review shall include the issues of compliance with applicable law and
constitutional provisions governing valuation for assessment for property tax
purposes and the validity of any valuation for assessment study conducted
pursuant to the provisions of section 39-1-104
(16). Parties adversely affected or aggrieved shall include any taxpayer or
assessor or the governing body of any taxing jurisdiction. In any case in which
excess state equalization payments are made to school districts within the
county during the time such review is pending, interest shall be paid to the
state on the amount of such excess. Such interest shall be paid for the period
of time from the date of the decision of the state board of equalization to the
date of the final determination of all judicial review. Such interest shall be
computed at the rate determined by the state bank commissioner pursuant to
39-9-109. Power of state board - waiver of deadline.
(1) to (4) Repealed.
majority vote and when the state board of equalization determines that the
interests of justice and equity would be served, the board may authorize the
waiver of the July 1 filing deadline described in section 39-2-117 (3) (a) for
any annual report required to be filed pursuant to section 39-2-117 if the
report is not filed by the filing deadline or if the report is filed by the
filing deadline but is incomplete or otherwise incorrect when filed. When authorizing a waiver, the state
board may determine a deadline for filing the report, after which the waiver
is invalid. The deadline for filing the report must not be sooner than
thirty days after the date that the state board authorizes the waiver.
the provisions of section 39-2-117 (1) (a),
acting by majority vote, the state board of equalization may authorize the
property tax administrator to make an exemption effective for not more than
the time allowed pursuant to section 39-10-101 (2) (b)
(II) when the property has been added back to the tax roll as omitted
property and would otherwise have met all criteria for exemption during that
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