When can property taxes be paid without incurring a penalty?

Get ready for the Colorado Real Estate Exam. Utilize mock exams and targeted study questions for optimal preparation. Understand the exam format and maximize your chances of success with expert tips and guidance.

Property taxes in Colorado can indeed be paid without incurring a penalty during specific time frames. To better understand why all the provided options are correct, it is essential to note Colorado's tax payment schedule:

  • The first option stipulates that if a property owner chooses to make a single payment, it must be made by April 30. Paying by this date ensures that no penalties or interest will accrue on the amount due.
  • The second option refers to the first half of the property tax payment, which must be paid by the last day of February. This provision allows those who prefer to pay in installments to do so without facing penalties, as long as this deadline is met.

  • The third option addresses the second half of the tax payment, which is due by June 15. Property owners who have opted for the payment split can pay their remaining balance by this date without incurring any penalties.

Since all three scenarios accurately reflect the deadlines for penalty-free payment of property taxes in Colorado, the answer encompasses all the conditions under which property taxes can be paid without incurring any penalty. This rationale validates that the correct response includes all of the provided scenarios.

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