Specific Ownership Tax C.R.S 42-3-101 and 42-3-106 (4) is based on the vehicle year of manufacture and the taxable value of the vehicle. These values DO NOT change during the life of the vehicle.
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Inheritance Tax: What It Is, Who Pays and State-Specific RulesThere are currently only six states that impose this specific tax, with one of them dropping the tax starting in 2025: Inheritance taxes are levied on the beneficiaries of an inheritance.
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