NOTE: THE COLORADO ENERGY OFFICE CANNOT PROVIDE ANY TAX-RELATED ADVICE. Property & Vehicle Taxes Public Safety & Judicial Services Recycling & Landfill Transportation Voting and Elections Working in Mesa County Your Government Your Money Contact Information 544 Rood Avenue Grand Junction, CO 81501. For vehicles that are being rented or leased, see see taxation of leases and rentals. Emissions-Area Air Account. Fee estimator: Use the state’s fee estimator to calculate the amount due for first-time vehicle registrations. Ownership Tax: Ownership tax is based on the age and TAXABLE VALUE of the vehicle. The Colorado Ownership Tax on Vehicles Amendment, also known as Measure 2, was on the November 8, 1966 ballot in Colorado as a legislatively referred constitutional amendment, where it was approved.The measure provided for an ownership tax in lieu of the ad valorem tax on motor vehicles, self-propelled equipment and certain other movable equipment. (Sticker Price) Light Truck = 75% of M.S.R.P. Motor vehicles: State law requires a $25/month late fee (up to $100) for vehicles registered more than 60 days after the purchase date or renewed after the one-month grace period. for vehicles registered prior to their model year. The calculation used to determine ownership taxes due will change as the vehicle ages until it reaches the minimum fees due at 10 years old. If the vehicle is two years old, the tax would be $450. 42-3-104(9), the Servicemembers Civil Relief Act, and the Military Spouse Residency Relief Act. Bring your owner identification (secure and verifiable) or designated power of attorney completed and notarized Form DR2175 and applicant's own identification (secure and verifiable), to one of Denver's DMV branch offices (Denver residents only). Please contact your County Motor Vehicle office for updated information. The affidavit must be completed each year at time of renewal or with the application for registration of a newly purchased vehicle. To cite an example, the total sales tax charged for residents of Denver amounts to 7.72 percent. Ownership & Prior Ownership Tax. The part of your Colorado vehicle registration fee that is deductible on your federal return is the ownership tax. Fees are based on the empty weight and type of vehicle being registered, C.R.S. Ownership tax is a personal property tax based on a vehicle's manufacturer's suggested retail price (MSRP). First Regular Session | 73rd General Assembly. Ownership tax is calculated using the taxable value of the vehicle for the registration period. Colorado Division of Motor Vehicles Registration Fees Fact Sheet, Specific Ownership Tax Class Tables- Tax Class B, Tax Class C, Tax Class D and Tax Class F, Additional fees may be collected based on county of residence and. The taxable value will not change during the life of the vehicle. Colorado's specific ownership tax is a type of ad valorem tax. The report is based on current law,... Tax Expenditure Evaluation: School Sales Exemptions, Tax Expenditure Evaluation: Machinery Used in Manufacturing Exemption, Tax Expenditure Evaluation: Mass Transit and Ridesharing Expenses Deduction, Tax Expenditure Evaluation: Construction and Building Materials Exemption, Tax Expenditure Evaluation: Metallic Minerals Threshold Exemption, Tax Expenditure Evaluation: Metallic Minerals Ad Valorem Credit, Tax Expenditure Evaluation: Molybdenum Ore Tonnage Exemption, Updated - Summary of Federal Legislation Passed in Response to COVID-19 (21-01), Economic Outlook Presentation December 2020, Rules & Regulations of Executive Agencies, Colorado Open Records Act Maximum Hourly Research and Retrieval Fee, Salaries for Legislators, Statewide Elected Officials, and County Officers, Remote Testimony Policies - 2020 Special Session, Safety Protocols for the General Assembly, Services for Persons with Disabilities and Grievance Resolution Procedures, House Regulations for Remote Participation - 2021 Regular Session, Senate Regulations for Remote Participation - 2021 Regular Session, 2021 Bills Authorized by Sponsors for Pre-release, RFP - Reviewing PERA for Pension Review Subcommittee. Please note: This is an estimate only.Do not write a check out for this amount! Vehicle Age: Tax: 1st Year of Service: Taxable Value x .021: 2nd Year of Service: Taxable Value x .015: 3rd Year of Service: Taxable Value x .012: 4th Year of Service: Taxable Value x .009: 5th-9th Yr of Service: Taxable Value x .0045: 10th Year & Greater: $3.00: Information is here for Specific Ownership Tax. However, a county tax of up to 5% and a city or local tax of up to 8% can also be applicable in addition to the state sales tax. The average LICENSE FEE for passenger vehicles and light trucks is approximately $125.00. Late fees. The Specific Ownership Tax (20-01) In place of property taxes, Colorado citizens pay the specific ownership tax (SOT) on their vehicles. Questions about the Colorado Electric Vehicle Tax Credit? ; This estimate will include license fees and ownership tax only, based on the weight, age and taxable value of the vehicle.It will not include sales tax. I, being first duly sworn, claim exemption from the Colorado Specific Ownership Tax on the vehicle listed above under C.R.S. In the tenth year of service the passenger and light truck vehicles reach a minimum of a $3.00 ownership tax. $1.50 for all motor vehicles and trailers greater than 2,000 pounds and $2.50 for motorcycles, trailers less than 2,000 pounds, and trailer coaches, pursuant to C.R.S. This may be a simple question but I cant get the State to answer the phone. Specific Ownership Tax - Exemption: Active duty military personnel must be the owner or co-owner of the vehicle and complete form DR2667 in order to obtain an exemption from paying the Specific Ownership Tax. Fee is distributed to the County Road and Bridge colorado vehicle ownership tax ) were created with Senate 09-108. 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