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ColoradoSB25-2612025 Regular SessionSenateWALLET

Property Tax Deferral Program Administration

Sponsored By: Barbara Kirkmeyer (Republican), Emily Sirota (Democratic), Judy Amabile (Democratic), Shannon Bird

Signed by Governor

Local GovernmentState GovernmentFiscal Policy & Taxes

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Bill Overview

Analyzed Economic Effects

4 provisions identified: 1 benefits, 2 costs, 1 mixed.

Military homeowners get easier tax deferrals

The law takes effect July 1, 2025, with this exception covering property tax years beginning in 2023 or later. Mortgage and deed-of-trust liens generally cannot exceed 90% of the home's actual value for property tax deferral. Actual value means the latest county assessor appraisal when the claim is filed. That limit does not apply to homeowners called into military service who have a Veterans Administration-guaranteed home loan.

Fewer homeowners can delay property taxes

Beginning July 1, 2025, homeowners without age-based or military eligibility lose the tax-growth-cap deferral option. They can no longer defer taxes above that cap or continue that deferral in a later year. Standard eligibility is limited to seniors age 65 or older and homeowners called into military service. Deferral delays payment; it does not erase taxes owed.

Homeowner deferrals face fees, fewer refund protections

Beginning July 1, 2025, counties may charge to record property tax deferral certificates; the law sets no fee amount. The law also removes a required refund when combined state and taxpayer payments exceed taxes due for a deferred-tax year. This includes payments made by someone on the taxpayer's behalf. It does not require an additional tax payment.

Counties take over homeowner tax deferrals

Beginning July 1, 2025, county treasurers handle deferral claims, forms, certificates, notices, and repayments; county clerks record certificates. For tax years beginning in 2025 or later, new claims require county commissioners to approve accepting applications. Homeowners file with their county treasurer between January 1 and April 1; late filings leave taxes on the normal schedule. County treasurers accept repayments, issue receipts, and promptly send the money to the state treasurer. Prior-year claimants receive filing notices with annual tax bills, but missing a notice does not prevent collection or foreclosure. County treasurers are not personally liable for missing notices. By January 1, the state sends counties property lists and deferral lien totals measured the previous April 30. The law also removes the state's explicit duty to reimburse counties for deferred taxes.

Sponsors & Cosponsors

Sponsors

  • Barbara Kirkmeyer

    Republican • Senate

  • Emily Sirota

    Democratic • House

  • Judy Amabile

    Democratic • Senate

  • Shannon Bird

    Affiliation unavailable

Cosponsors

  • Brianna Titone

    Democratic • House

  • Julie Gonzales

    Democratic • Senate

  • Janice Rich

    Republican • Senate

Roll Call Votes

All Roll Calls

Yes: 351 • No: 67

Senate vote • 4/23/2025

Conference committee report: Adopt ccr

Yes: 35 • No: 0

Senate vote • 4/23/2025

Conference committee report: Repass

Yes: 35 • No: 0

House vote • 4/23/2025

Conference committee report: Repass

Yes: 41 • No: 23

House vote • 4/23/2025

Conference committee report: Adopt

Yes: 34 • No: 30

Vote • 4/17/2025

Adopt the first draft conference committee report of the first conference committee on SB 25-261

Yes: 6 • No: 0

House vote • 4/15/2025

Conference committee report: Byd scp

Yes: 53 • No: 11

Senate vote • 4/11/2025

House amendments: Not concur appt cc

Yes: 33 • No: 0

House vote • 4/10/2025

Third reading: Bill

Yes: 64 • No: 1

House vote • 4/8/2025

Refer Senate Bill 25-261, as amended, to the Committee of the Whole.

Yes: 9 • No: 2

Senate vote • 4/3/2025

Third reading: Bill

Yes: 34 • No: 0

Senate vote • 4/1/2025

Refer Senate Bill 25-261 to the Committee of the Whole.

Yes: 7 • No: 0

Actions Timeline

  1. Governor Signed

    6/4/2025House

  2. Signed by the President of the Senate

    5/8/2025Senate

  3. Signed by the Speaker of the House

    5/8/2025House

  4. Sent to the Governor

    5/8/2025House

  5. House Consideration of First Conference Committee Report result was to Adopt Committee Report - Repass

    4/23/2025House

  6. Senate Consideration of First Conference Committee Report result was to Adopt Committee Report - Repass

    4/23/2025Senate

  7. Senate Considered House Amendments - Result was to Not Concur - Request Conference Committee

    4/11/2025Senate

  8. House Third Reading Passed - No Amendments

    4/10/2025House

  9. House Second Reading Special Order - Passed with Amendments - Floor

    4/9/2025House

  10. House Committee on Appropriations Refer Amended to House Committee of the Whole

    4/8/2025House

  11. Senate Third Reading Passed - No Amendments

    4/3/2025Senate

  12. Introduced In House - Assigned to Appropriations

    4/3/2025House

  13. Senate Second Reading Special Order - Passed with Amendments - Floor

    4/2/2025Senate

  14. Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole

    4/1/2025Senate

  15. Introduced In Senate - Assigned to Appropriations

    3/31/2025Senate

Bill Text

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