Colo. Rev. Stat. § 31-12-503
Future levies - prepayment
Colorado · Colorado Revised Statutes Title 31 — Government - Municipal · Status: effective
Cite this
- Citation
- Colo. Rev. Stat. § 31-12-503, Future levies - prepayment, Colorado, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2311362
- Permanent ID
ys:prov:2311362@1- SHA-256
fe30e089ea18c43ceb4df9f89e1c0d74f12a5525c3b69f0b22b8ccced0a64d0d
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
When the governing body of such municipality levies a tax upon the property within such municipality for the purpose of paying such indebtedness or any part thereof or interest thereon, such governing body may levy a tax at the same rate and for the same purpose on the land so disconnected. The county treasurer shall pay over to such municipality all moneys collected by the treasurer on account of such tax, to be applied only to the payment of such indebtedness. In case the owner of any land so disconnected pays off and discharges a portion of such indebtedness equal in amount to the same proportion of the indebtedness which the valuation for assessment of the land bears to the entire valuation for assessment of all the property subject to taxation for the payment of such indebtedness, calculated according to the last assessment previous to such payment, said land is exempted from further taxation to pay such indebtedness. Upon such payment being made, the canceled bonds or other evidences of payment of such portion of said indebtedness must be deposited with the treasurer of such municipality, and a certificate shall be given by the treasurer stating that such payment has been made.