Exemption from special assessments.

Checkout our iOS App for a better way to browser and research.

(1) Except as otherwise provided in subsection (2) of this section, the following are exempt from the payment of any special assessments to the state, any county, city and county, municipality, or other political subdivision of the state:

  1. A housing authority;

  2. The property of a housing authority;

  3. All property leased to a housing authority; and

  4. The portion of a project that is not used as a store, office, or other commercial facility that is occupied by persons of low income and that is owned by or leased to an entity:

  1. That is wholly owned by an authority;

  2. In which an authority has an ownership interest; or

  3. In which an entity wholly owned by an authority has an ownership interest.

(2) The exemptions from the payment of special assessments set forth in subsection (1) of this section do not preclude a housing authority, the owner of property that is leased to or from a housing authority, or an entity in which an authority has an ownership interest from voluntarily applying to include its eligible real property, as defined in section 32-20-103 (4), into the boundaries of the Colorado new energy improvement district created in section 32-20-104 (1) and accepting the levying by the district of a special assessment, as defined in section 32-20103 (14), against the eligible real property.

Source: L. 37: p. 671, § 5. CSA: C. 82, § 55(3). CRS 53: § 69-3-26. C.R.S. 1963: § 693-26. L. 2000: Entire section amended, p. 883, § 8, effective August 2. L. 2019: IP(1) amended and (2) added, (HB 19-1272), ch. 358, p. 3288, § 2, effective August 2.


Download our app to see the most-to-date content.