Colorado § 22-54-111 - Adjustments in valuation for assessment.
Full text of Colorado Colorado Revised Statutes § 22-54-111 — Adjustments in valuation for assessment., with citation guidance and answers to common questions.
§ 22-54-111. Adjustments in valuation for assessment.
(1) For each budget year, in calculating the total amount of revenue which a district is entitled to receive from the property tax levy for the general fund of a district during the budget year, the valuation for assessment of a district shall be adjusted as provided in subsection (2) of this section.
(2) If the valuation for assessment of a district includes the value of a certain property that was formerly tax-exempt but becomes taxable as a result of a change in the applicable state law and said inclusion is challenged by administrative appeal or litigation or both and the property taxes attributable to said property are not paid pending the outcome of said challenge, the valuation for assessment attributable to said property shall be subtracted from the valuation for assessment of the school district. If said property is finally determined to have been properly included in the district's valuation for assessment, the valuation for assessment attributable to said property shall be restored to the district's valuation for assessment, and the state general fund shall be reimbursed in full by the school district after collection of taxes, plus interest at the same rate as provided by statute for penalty interest on unpaid property taxes.
Source: L. 94: Entire article added with relocations, p. 798, § 2, effective April 27.
Editor's note: This section is similar to former § 22-53-118 as it existed prior to 1994.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 22-54-111
What does Colorado Revised Statutes § 22-54-111 cover?
Section 22-54-111 ("Adjustments in valuation for assessment.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 22-54-111?
A common citation format is "Colorado Revised Statutes § 22-54-111" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 22-54-111 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.