For 2023 property taxes, the State of Colorado exempts the first $52,000 in actual value of business personal property per business. Douglas County Government has increased this exemption to $100,000 of their portion. This increased exemption only applies to Douglas County Government’s General Tax, all other tax authorities remain at the State exemption level. Businesses eligible for this credit will see the exemption noted on their tax statement under Douglas County Business Tax Exemption.
The Board of Douglas County Commissioners votes each year to approve/extend the Business Personal Property Tax exemption during the annual budget adoption in December. The Board first increased the exemptions to $100,000 for 2015 property taxes. This year marks the eighth year business property owners have received this tax credit which totals more than $8.7 million countywide.