SB22-164 Summary

• Amends Colorado Revised Statutes 38-35.7-110 to change the source of property tax information provided to purchasers of newly constructed residences within metropolitan district boundaries, effective January 1, 2022

• Replaces requirement for "county assessor's property tax certificate" with "taxes due or tax statement issued by the county treasurer" as the document provided to property purchasers

• Changes the tax information from "property taxes" to "mill levies" levied by other taxing entities that overlap the property location

• Applies to real property owners who must provide this disclosure document concurrently with or prior to execution of a contract to sell the property

• Includes a safety clause declaring the act necessary for immediate preservation of public peace, health, or safety