CO HB1199

Creates a 4-installment payment option for property taxes on residential and improved commercial real property beginning with tax year 2025, with payments due by end of February, April 30, July 15, and September 15

Eligible taxpayers must owe more than $25 in property taxes and cannot have taxes paid through a mortgage escrow account

Taxpayers must pay at least half of taxes owed by April 30 to qualify for the 4-installment option; missed third or fourth installments accrue 1% monthly delinquent interest

County treasurers must include information about the 4-installment option with tax statements

Extends the deadline for county treasurers to send delinquency notices from September 1 to October 15 to accommodate the new payment schedule