The Colorado State Legislature periodically enacts laws that affect how property taxes are assessed, billed, collected, and reported. Below is a summary of key legislative changes that have recently impacted property owners and their property taxes in El Paso County.
Recent Legislative Changes
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2026 (Taxes Payable in 2027)
- Residential Property Value Reduction – HB24B-1001 For the 2026 tax year, payable in 2027, state law reduces the residential property value used to calculate taxes for counties, cities, and other non-school districts by the lesser of 10% of the property’s actual value or $70,000. This legislative reduction does not change the property’s actual value established by the County Assessor. Property owners may see different values used for the school and non-school portions of their tax bill.
- Mobile Home Property Taxes – HB26-1120 Creates a new process for collecting delinquent mobile home property taxes. Mobile home owners receive additional notice before a tax lien is sold, including information in both English and Spanish, and generally have three years to pay the delinquent taxes and redeem the property.
- Delinquent Property Taxes and Treasurer’s Deeds – SB26-144 Updates the process used when property taxes remain unpaid and a tax lien holder applies for a Treasurer’s Deed. The law adds procedures for notifying interested parties, conducting a public auction, protecting proceeds remaining after the tax debt is paid, and transferring ownership if the property is not redeemed.
2025 (Taxes Payable in 2026)
- Split Assessment Implementation – SB24-233 Introduces a split assessment rate for residential properties — one rate applied to the school-district portion of the levy and a separate, lower rate for non-school district portions.
- Applies only to residential classifications. Commercial, agricultural, and vacant land remain unchanged.
- Reinstatement of Local Oversight for Deferral Program Beginning with the 2025 collection cycle, County Treasurers again administer the Senior & Active Military Property Tax Deferral Program. The State Treasurer continues to fund reimbursements and manage the payoffs, while local offices handle applications. This restores local service and improves turnaround times for participants.
2024 (Taxes Payable in 2025)
- Temporary Assessment Rate Reduction – SB23-303 & HB23B-1002 Year two of a two-year (2023 & 2024) property-tax relief effort following the 2023 reappraisal.
- Mobile Home Tax Freeze Authority – SB24-023 Authorized county treasurers to temporarily freeze tax collection activities on mobile homes while a Mobile Home Task Force convened across Colorado to study the impacts of property taxes with mobile homes.
2023 (Taxes Payable in 2024)
- “Property Tax Relief” – SB23-233 & HB23B-1002 Year one of a two-year (2023 & 2024) property-tax relief effort following the 2023 reappraisal.
- Adjusted mill levy certification deadlines and reporting requirements to allow for the modified certification calendar established during the Special Legislative Session.
2022 (Taxes Payable in 2023)
- Mobile Home Exemption – HB22-1223 Established a temporary $28,000 reduction in actual value for most owner-occupied mobile homes for the 2022 assessment year (payable 2023). Applied automatically; no application required from property owners.
- Business Personal Property Exemption Increase – HB22-1312 Raised the business personal property exemption threshold from $7,900 to $50,000 of total actual value per taxing jurisdiction, reducing filing and payment requirements for small business owners.
- State Assumption of Deferral Program – SB22-222 Effective January 1, 2023, the State Treasurer’s Office assumed full management of the Senior and Active Military Deferral Program, with counties providing limited verification support during the transition.
Questions?
For questions about how these legislative changes may affect your property tax bill, please get in touch with the El Paso County Treasurer’s Office by using the form below or by calling (719) 520-7900.