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The Specific Ownership Tax

Issue Briefs
Subject(s):
Fiscal Policy & Taxes
Transportation & Motor Vehicles
Published:
January 3, 2020
Agency:
Legislative Council Staff

In place of property taxes, Colorado citizens pay the specific ownership tax (SOT) on their vehicles.  This issue brief provides an overview of the SOT, describes how the SOT is calculated, lists the SOT exemptions, and describes its collection and distribution.
 

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