Colorado HB1120 modifies mobile home property tax procedures, increasing the exemption threshold and extending redemption periods.

Colorado HB1120 implements recommendations from the Mobile Home Taxation Task Force, increasing the value threshold for the mobile home property tax exemption from $28,000 to $52,000, adjusted for inflation. The bill modifies the process for collecting delinquent property taxes on mobile homes, requiring a tax lien sale and public auction procedure. It extends the redemption period for mobile home owners to a minimum of 3 years, plus any time prior to the issuance of a certificate of title to their mobile homes.

Colorado HB1120 modifies mobile home property tax procedures, increasing the exemption threshold and extending redemption periods.

Colorado HB1120 implements recommendations from the Mobile Home Taxation Task Force, increasing the value threshold for the mobile home property tax exemption from $28,000 to $52,000, adjusted for inflation. The bill modifies the process for collecting delinquent property taxes on mobile homes, requiring a tax lien sale and public auction procedure. It extends the redemption period for mobile home owners to a minimum of 3 years, plus any time prior to the issuance of a certificate of title to their mobile homes.