Land & Improvements
Colorado statutes define “Improvements” as: “Improvements” means all structures, buildings, fixtures, fences, and water rights erected upon or affixed to the land, whether or not the title to such land has been acquired. 39-1-102(7), C.R.S.
The appraisal data used to establish real property value was from the 18-month period ending June 30, 2018. If data is insufficient during this time period, assessors may use data from the five-year period ending June 30, 2018.
“Personal Property” means everything that is the subject of ownership and that is not included within the term “Real Property”. “Personal Property” includes machinery, equipment, and other articles related to a commercial or industrial operation that is either affixed or not affixed to the Real property for proper utilization of such articles. 39-1-102(11) C.R.S.
State law requires the Assessor to notify each owner of Personal Property by mail on or before June 15th.