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Issue Briefs

The Specific Ownership Tax (20-01)

Subjects
Fiscal Policy & Taxes
Transportation & Motor Vehicles
Published
01/03/2020

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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