CO HB1004

Increases the valuation reduction for residential real property in 2023 from $15,000 to $115,000, resulting in lower property tax assessments for homeowners.

Makes conforming amendments to the 2024 residential property tax rate calculation to maintain revenue neutrality relative to the 2023 tax year changes.

Delays multiple property tax-related deadlines for the 2023 tax year to January 2024, including school district certifications, county commissioner levy deadlines, and tax warrant delivery dates.

Requires the Legislative Oversight Committee Concerning Tax Policy to study and report on long-term solutions for property taxation in Colorado, beginning with the 2024 legislative session.

Includes a safety clause declaring the act necessary for immediate preservation of public peace, health, or safety and for state appropriations.