StateColorado

HB 1233: Property Tax Proceedings for Nonresidential Property

Meghan LukensEnacted

HB 1233 status: Enacted — Governor Signed (updated Jun 3, 2026).

1

What this bill does

Overall score

Score75/100 civic fit
RiskLow risk
ImpactModerate impact 45/100

Bill summary

Official

For property tax years commencing on or after January 1, 2027, the act makes it a petty offense for a person, in connection with nonresidential property, to certify the truth and accuracy of information provided to the assessor in connection with property valuation when the information is not true and accurate as to ev...

Key analysis

Constitutionality90%
Bipartisan75%
Public opinion70%
2

Impact analysis

Environment

Mixed / Neutral
50%

Benefits

  • No direct impact on environmental policy.

Risks

  • No direct impact on environmental policy.

Economy

Positive Outlook
65%

Benefits

  • Discourages fraudulent valuation claims.
  • Increases transparency in nonresidential property tax assessments.

Risks

  • Increased compliance burden for property owners during appeals.
  • Potential for increased legal costs for businesses in property tax disputes.

Society

Mixed / Neutral
50%

Benefits

  • Supports equitable tax administration.

Risks

  • Limited direct social impact outside of administrative and fiscal spheres.
3

How trustworthy & consequential it is

Source

OpenStates

Confidence

low

low

Analysis status

OpenStates summary

Warning

Taxpayers must ensure strictly accurate documentation for valuations to avoid petty offense charges and loss of refund interest.

Limitation

Analysis is based on a summary abstract rather than the full legislative text.

4

Where it stands

Governor Signed

Introduced

Complete

Committee

Complete

Floor

Complete

Governor

Complete

Enacted

Complete
5

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6

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