CO SB138

Amends Colorado law to change how costs are allocated in property tax valuation appeals before the board of assessment appeals or district court.

When an appellant wins their appeal and the property valuation is modified, the appellant receives a tax refund plus refund interest at the delinquent interest rate, but each party (appellant and county) now bears their own respective costs instead of the loser paying all costs.

Eliminates the previous provision allowing the county to recover costs from a losing appellant, establishing instead a "each party pays their own costs" rule.

Applies to all appeals commenced on or after the bill's effective date of August 11, 2010 (or the date of voter approval if subject to referendum).