NOTE:  This bill has been prepared for the signature of the appropriate legislative
officers and the Governor.  To determine whether the Governor has signed the bill
or taken other action on it, please consult the legislative status sheet, the legislative
      history, or the Session Laws.
      
      
      HOUSE BILL 11-1305
      
      
      BY REPRESENTATIVE(S) DelGrosso, Barker, Brown, Gardner B.,
      Kefalas, Kerr J., Waller;
      also SENATOR(S) Johnston.
      
      
      Concerning the adjustment of the ratio of valuation for
           assessment for residential real property.
      
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1. 39-1-104.2 (3), Colorado Revised Statutes, is amended
      BY THE ADDITION OF A NEW PARAGRAPH to read:
      
           39-1-104.2.  Legislative declaration - adjustment of residential
      rate.  (3) (m)  Pursuant to the authority granted in section 3 of
      article X of the state constitution, the general assembly finds
      and declares that, for the property tax years commencing on or
      after January 1, 2011, but before January 1, 2013, the percentage
      of aggregate statewide valuation for assessment that is
      attributable to residential real property will not remain as it
      was in the property tax year commencing January 1, 2010, when the
      aggregate statewide valuation for assessment was based on the
      2009 aggregate statewide valuation for assessment.  Therefore,
      the administrator having determined pursuant to subsection (4) of
      this section that the target percentage is 46.53 percent, the ratio
      of valuation for assessment for residential real property shall
      be 7.96 percent of actual value for the property tax years
      commencing on or after January 1, 2011, but before January 1,
      2013.
      
           SECTION 2.  Safety clause.  The general assembly hereby finds,
      determines, and declares that this act is necessary for the immediate
      preservation of the public peace, health, and safety.
      
      
      
      
      ________________________________________________________
      Frank McNulty                      Brandon C. Shaffer
      SPEAKER OF THE HOUSE                     PRESIDENT OF
      OF REPRESENTATIVES                         THE SENATE
      
      
      
      
      
      
      ____________________________  ____________________________
      Marilyn Eddins                      Cindi L. Markwell
      CHIEF CLERK OF THE HOUSE                 SECRETARY OF
      OF REPRESENTATIVES                         THE SENATE
      
      
      
      
                  APPROVED________________________________________
      
      
      
      
      
                                    _________________________________________
                                    John W. Hickenlooper
                                    GOVERNOR OF THE STATE OF COLORADO