Burlington Public Library

The specific ownership tax (SOT) is assessed on motor vehicles annually and is calculated based on a vehicle's value and age.

Colorado's cities and towns face some of the most restrictive constitutional limits on spending and taxing found in the nation. First, the Gallagher amendment has eroded municipal property tax bases by reducing the residential assessment ratio. In addition the TABOR amendment imposed revenue and spending limits. The impacts of both these amendments, working together and separately have changed municipal governance significantly.