Colorado Code § 39-5-127

Correction of assessments. Whenever the state board of equalization makes
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any change in the abstract of assessment of any county or orders an increase or decrease in the
valuation of any class or subclass of property located therein, the assessor shall make the
necessary changes in the abstract of assessment of the next succeeding taxable year required to
carry out such order; except that, whenever the state board of equalization changes the valuation
of any class or subclass of property pursuant to section 39-9-103 (7), the assessor shall make the
necessary changes in the abstract of assessment of the current taxable year required to carry out
such order.

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