The governing body of any municipality has the power to levy taxes, the same kinds and classes, upon taxable property, real, personal, and mixed, within the municipal limits as are subject to taxation for state or county purposes in accordance with the laws of this state.L. 75: Entire title R&RE, p. 1127, § 1, effective July 1.This section is similar to former § 31-20-101 as it existed prior to 1975. For the procedure to increase a tax levy beyond statutory limits, see § 29-1-302.
Colorado Legal Code