HB 21-1061 Summary

• Amends the definition of "residential land" for property tax classification purposes in Colorado Revised Statutes 39-1-102(14.4)(a).

• Expands residential land classification to include land parcels without residential improvements if they are contiguous to identically owned residential land parcels and contain related improvements essential to the residential use.

• Defines "contiguous" as parcels that physically touch, except when separated by intervening local streets, alleys, or common elements in common-interest communities.

• Defines "related improvement" as driveways, parking spaces, or non-building improvements used predominantly as places of residency.

• Takes effect 12:01 a.m. on the day following the ninety-day period after final adjournment of the general assembly, unless subject to a referendum petition filed with the state.