CO SB261

Transfers administration of Colorado's property tax deferral program from the state treasurer back to county treasurers, reversing a 2022 change that had centralized the program at the state level

Restricts eligibility for property tax deferral to seniors (age 65+) and persons called into active military service, eliminating the broader "tax-growth cap" deferral option that had been available to all homeowners since 2023

Removes the previous $10,000 lifetime cap and $100 minimum deferral provisions that applied to non-senior, non-military taxpayers under the now-repealed tax-growth cap program

Requires county treasurers to issue deferral certificates, record them with county clerks, and accept loan repayments (which must be promptly transmitted to the state treasurer)

Appropriates $160,826 from the general fund to the Department of the Treasury for FY 2025-26 operating expenses, with an effective date of July 1, 2025