Property tax statements coming soon
Logan County property owners should receive their 2023 property tax statements soon. The statements have been delayed statewide because of a change in state law.
Logan County Treasurer Patty Bartlett said Friday morning that the statements, payable during 2024, were being printed at that time and she hoped to have them in the mail in a few days.
Bartlett said the Legislature’s special-session bill to provide property tax relief, especially to homeowners in Colorado, means counties were delayed in certifying their tax rolls. The new tax roll deadline was Jan. 24, 2024, two weeks later than previous years. This extra time allowed taxing authorities sufficient time to certify their mill levies and county assessors more time to compile newly required data. The changes do not alter the first-half payment due date for property taxes, which is Feb. 29, 2024.
That special legislative session also created new exemptions for the 2023 taxes; a $55,000 exemption of actual value for all residences and a $30,000 exemption of actual value for all commercial properties. The exemptions are only for the 2023 taxes that are due and payable in 2024. Bartlett said the Legislature is still addressing how to handle the increased property taxes for 2024 and future years.
“At this time, we don’t know what that will look like and how any bill that is passed will affect future year property taxes,” she said.
Logan County taxpayers also will notice that the county is providing a temporary mill levy reduction on property taxes paid in 2024. The Board of County Commissioners approved a tax credit at their Dec. 19, 2023, meeting to help offset the significant rise in property values. That credit was made possible by the return of nearly $5 million in property tax collections from the Logan County Water Conservancy District after that district was dissolved. The temporary mill levy reduction is included in tax statements and no action is needed on the taxpayer’s part.
Bartlett said the county’s mill levy reduction affects only taxes paid to the county.
“It does not impact taxes paid to other districts in which you may live such as schools, municipalities, or special districts,” she said. “The County in general represents about 38 percent of your tax bill.”