Colorado Property Tax Exemption

Effective 91 days after adjournment of the 2012 session, a county personal property tax credit will be given to taxpayers who establish a new business facility.  The credit will offset the amount of the taxes levied by the county on the taxable personal property located at or within the new business facility and used in connection with the operation of the new business facility for the current property tax year. Previously, the credit was limited to 50% of the amount of taxes levied.