Rebate of property taxes.
Denver Revised Municipal Code § 53-530
in effectSec. 53-530. - Rebate of property taxes.
For each qualifying structure in the downtown historic district, the city council may annually appropriate a rebate amount up to or equal to the local portion of real property taxes due in excess of those local property taxes due for tax year 1999 (or the first year the structure qualifies as a qualifying structure, whichever is later) for twenty years from the first tax year in which the structure qualifies for the rebate. After twenty (20) years, and for so long as the structure remains a qualifying structure, such rebate shall continue at the same dollar amount as in the twentieth year, and shall not further increase. The first tax year in which the structure qualifies for the rebate shall be deemed to be the year the structure meets the criteria of section 53-531, whether or not the owner of the structure actually receives a rebate in that or any subsequent year. "Local portion of real property taxes," for the purposes of this article, means the general fund property taxes levied against the land and improvements on a property, excluding those taxes levied by the Denver public schools and any unit of government other than the City and County of Denver. Such rebate shall not affect that portion of property taxes pledged to Denver Urban Renewal Authority (DURA).
(Ord. No. 970-00, § 1, 12-4-00; Ord. No. 324-10, § 1, 6-14-10)
Source: City and County of Denver, Revised Municipal Code and Charter (Municode Library, library.municode.com)URL: https://library.municode.com/co/denver/codes/code_of_ordinances?nodeId=TITIIREMUCO_CH53TAMIRE_ARTXIVDOHIDIPRTAREIN_S53-530REPRTAFetched: 10/27/2026