State Tax Laws > Property Taxes > Colorado (Summary)

Tax Type: Current Use

Description: The "actual value" of agricultural lands, exclusive of building improvements thereon, shall be determined by consideration of the earning or productive capacity of such lands during a reasonable period of time, capitalized at a rate of (13%) thirteen percent.

Law: Forest Land Statute C.R.S. 39-1-102 from 15-DPT-AS; Pub ARL VOL 3 1-89; Revised 1-95

Objective:

(a) The preservation of land areas for outdoor recreation, the education of the public, or the protection of a relatively natural habitat for fish, wildlife, plants, or similar ecosystems; or

(b) The preservation of open space, including farmland and forest land, where such preservation is for the scenic enjoyment of the public or is pursuant to a clearly delineated federal, state, or local government conservation policy and where such preservation will yield a significant public benefit.

Forest Tax Program Requirements

Min/Max Acreage: 40

Min. Stocking Growth: 10% by forest trees

Forest Management Plan: Management plan required.

Duration of Enrollment: N/A

Penalties for Use Change: N/A

Program Administration

State: Forest Service approves forest management plans.

County Tax Assessor and Commissioner: Administered jointly by the Division of Property Taxation and the County Assessors

University: N/A

Landowner: N/A

For a more in depth discussion of Colorado property taxes click here!