Colorado Code
Article 1 - General Provisions
§ 39-1-104.2. Adjustment of Residential Rate - Legislative Declaration - Definitions

(q) [ Editor's note: This version of subsection (3)(q) is effective only if voters approve a ballot measure concerning property tax reductions at the November 2021 statewide election. See the editor's note following this section. ] The ratio of valuation for assessment for multi-family residential real property is 7.15 percent of actual value for property tax years commencing on or after January 1, 2019, until the next property tax year that the general assembly adjusts the ratio of valuation for assessment for residential real property.
(q) [ Editor's note: This version of subsection (3)(q) takes effect only if voters do not approve a ballot measure concerning property tax reductions at the November 2021 statewide election. See the editor's note following this section. ] The ratio of valuation for assessment for multi-family residential real property is 7.15 percent of actual value for property tax years commencing on or after January 1, 2019; except that, for property tax years commencing on January 1, 2022, and January 1, 2023, the ratio of valuation for assessment for multi-family residential real property is temporarily reduced to 6.8 percent of actual value.

Source: L. 88: Entire section added, p. 1276, § 1, effective January 1, 1989. L. 89: (3) and (7)(b) amended, p. 1450, § 3, effective June 7. L. 90: IP(7)(a) amended, p. 1689, § 5, effective June 9. L. 91: (3)(c) added and (4)(a), (6)(d), and (7)(b) amended, p. 1984, §§ 1, 2, effective April 11. L. 91, 2nd Ex. Sess.: (7)(b) amended, p. 100, § 1, effective September 25; IP(7)(a) and (7)(a)(II) amended, p. 101, § 1, effective October 7. L. 92: IP(7)(a) and (7)(b) amended, p. 2215, § 2, effective June 3. L. 93: (3)(d) added and (7) repealed, pp. 1876, 1689, §§ 1, 8, effective June 6. L. 95: (3)(e) added, p. 583, § 1, effective May 22. L. 97: (3)(f) added, p. 1149, § 1, effective May 28. L. 99: (3)(g) added, p. 505, § 1, effective April 30. L. 2001: (3)(h) added, p. 705, § 1, effective May 31. L. 2002: IP(6) amended, p. 861, § 2, effective August 7. L. 2003: (3)(i) added, p. 1970, § 1, effective May 22. L. 2005: (3)(j) added, p. 632, § 1, effective May 27. L. 2007: (3)(k) added, p. 1524, § 1, effective May 31. L. 2009: (3)(l) added, (HB 09-1360), ch. 362, p. 1875, § 1, effective June 1. L. 2011: (3)(m) added, (HB 11-1305), ch. 222, p. 956, § 1, effective May 27. L. 2013: (3)(n) added, (HB 13-1319), ch. 324, p. 1815, § 1, effective May 28. L. 2015: (3)(o) added, (HB 15-1357), ch. 312, p. 1276, § 1, effective June 5. L. 2017: (3)(p) added, (HB 17-1349), ch. 358, p. 1885, § 1, effective June 5. L. 2019: (3)(p) amended and (3)(q) added, (SB 19-255), ch. 433, p. 3745, § 1, effective June 3. L. 2020: (3)(q) amended and (4), (5), and (6) repealed, (SB 20-223), ch. 291, p. 1436, § 3, effective January 1, 2021. L. 2021: (1)(a) amended and (3)(r) added, (SB 21-293), ch. 301, p. 1808, § 3, effective June 23; (3)(q) amended, (SB 21-293), ch. 301, p. 1808, §§ 3, 4, effective (see editor's notes (2) and (3)).

FOR: : 1,740,395
AGAINST: : 1,285,136