View the text of HB25-1289
House Bill 25-1289, signed into law on June 3, 2025, revises Colorado’s property tax exemption framework for real property leased to public entities, with particular implications for metropolitan districts. Under the new law, metropolitan districts that are parties to lease or rental agreements effective on or after January 1, 2025, and filed in support of a property tax exemption claim, must submit an additional statement to the county assessor’s office. The additional statement must include the following details: 1) the metropolitan district’s use of the leased property; 2) the metropolitan district’s authority to use the leased property for the metropolitan district’s purposes; 3) any use of the leased property by a private person for private purposes; and 4) any disclosure filed by a member of the board of directors of the metropolitan district in accordance with certain laws that govern disclosures of conflicts of interest.
If the statement includes a conflict of interest disclosure that relates to the leased property and is filed by a member of the board of directors of the metropolitan district the county assessor shall, within 30 days of receipt of the statement, submit the statement to the metropolitan district’s governing body. Within 63 days of receipt of the statement, the governing body shall issue a written decision including findings of fact and a conclusion as to whether the leased property is used for a public purpose. If the governing body concludes that the leased property is not used for a public purpose, the leased property is not exempt from taxation. The decision of the governing body is not subject to appeal and does not give rise to any private right of action.
This law goes into effect on August 6, 2025, unless a referendum is filed. If a referendum is filed, then it will be on the November 2026 ballot.