[bouldercouncilhotline] Hotline: RE: Co-ops and property taxes

[cmosupport at bouldercolorado.gov]

Sender: Carr, Thomas

Co-ops are not in themselves exempt from property taxes.  A non-profit that owns a cooperative can be exempt.  It must meet the criteria for tax exemption, that is, it must have a charitable purpose recognized by the state or federal government.

From: Burton, Jan
Sent: Tuesday, October 11, 2016 11:54 AM
To: HOTLINE <HOTLINE at bouldercolorado.gov>
Subject: Co-ops and property taxes

Tom or Jane,
Can someone please review the position on property taxes with co-ops? I’m curious if they all get relief from property taxes, and if so why and what is the criteria? Please respond this evening, if this is appropriate timing.

Thanks!

Jan Burton
Member of City Council