18.1.3.030 Ad Valorem Tax.

(a) The Pueblo's Business Property Tax is an ad valorem property tax levied on property of each taxpayer within Pueblo lands as an expense of operating its entire business.

(b) The tax should be paid by the taxpayer and collected pro-rata from each and every customer of the operating unit based on the customers' usage of taxpayer's service or community. This tax may not be "passed through" directly or exclusively to taxpayer's customers residing within the Pueblo's taxing jurisdiction.

(c) All owners of possessory interests existing within Pueblo lands as of January 1 of each calendar year shall be liable for this tax.