Colorado § 31-21-403 - Payment in installments.
Full text of Colorado Colorado Revised Statutes § 31-21-403 — Payment in installments., with citation guidance and answers to common questions.
§ 31-21-403. Payment in installments.
Any property owner not paying the tax in full at one time has the privilege of paying the same in cash installments, the number of which installments shall be determined by the governing body and which shall equal the number of years from the time the next tax is payable to the last maturity of the bonds, with interest on the unpaid installments at the same rate which the outstanding bonds bear. After any property owner has paid one or more cash installments, he may pay the balance of said tax with bonds or matured coupons as provided in section 31-21-402.
Source: L. 75: Entire title R&RE, p. 1142, § 1, effective July 1.
Editor's note: This section is similar to former § 31-21-403 as it existed prior to 1975.
Frequently Asked Questions About Colorado § 31-21-403
What does Colorado Revised Statutes § 31-21-403 cover?
Section 31-21-403 ("Payment in installments.") 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 § 31-21-403?
A common citation format is "Colorado Revised Statutes § 31-21-403" (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 § 31-21-403 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.