Which payment schedule is not permitted for property taxes according to Colorado law?

In Colorado, property taxes must adhere to specific payment schedules set by state law. Monthly payments on demand are not permitted because the state provides standard payment options that streamline tax collection and avoid the administrative complications that could arise with custom payment plans.

For property taxes, the typical schedules include annual payments due by a set date, biannual payments that align with predetermined due dates, or, in some instances, quarterly payments. These established schedules ensure consistency and clarity for both taxpayers and tax authorities. Monthly payments would create logistical challenges in terms of tracking and processing payments efficiently, thus emphasizing the need for a structured payment framework.

The standard allows for planning and budgeting for both property owners and the governmental bodies that collect the taxes, making it more manageable rather than having taxpayers demand payments on a non-standard schedule.