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Colorado uses a water court adjudication system to quantify, set priority dates for, and decree water rights. A water court adjudication is required to make any changes to a water right. The State and Division Engineers Offices administer the priority and physical operation of water rights.
Colorado law provides that water rights can be conveyed together with the land in the land deed without specific mention of the water right being conveyed. This is generally understood to occur under the appurtenance clause of he land deed.
In Colorado, water rights are a freely transferrable real property right that can be bought and sold separately from land. Both the legal and physical availability of a water right determine the value of that right.
By law, every new or replacement well in the state that diverts groundwater must have a well permit. To obtain a permit, a person must file an application with the State Engineer; these applications are evaluated pursuant to statutory guidelines.
In the past year, I have done valuations or assisted with transactions that involved water right sale prices ranging from $300 per acre-foot to nearly $90,000 per acre-foot.

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colorado water rights guide to colorado well permits water rights and water administration colorado water law basics colorado water agency colorado water districts look up water rights buying water rights in colorado

People also ask

A share of reservoir water means nothing outside of your water company. One share of water from one reservoir company may be equal to 1,000 shares of water in another. You must quantify a share in the form of c.f.s. or cubic feet per second in order to establish the value of a particular share.
Water rights in Colorado are regarded as real property, similar to real estate, and ownership is very flexible. A water right can be bought, sold, moved and switched from one use to another, such as from farming to domestic.
A water right is a right to use a portion of the publics water supply; Water rights owners may build facilities on the lands of others to divert, extract, or move water from a stream or aquifer to its place of use; Water rights owners may use streams and aquifers for the transportation and storage of water.
Water of streams public property. The water of every natural stream, not heretofore appropriated, within the state of Colorado, is hereby declared to be the property of the public, and the same is dedicated to the use of the people of the state, subject to appropriation as hereinafter provided. 6.
Transfer of Water Rights Transfers are done typically with a deed, which is recorded in the clerk and recorders office, just as with deeds for land. Conveyance of a groundwater right requires that a Change of Ownership form for the well permit be submitted to the State Engineers Office.

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In the 1860s, Colorado adopted a set of laws regarding water use and land ownership known as the Colorado Doctrine. This doctrine established four essential

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Failure to apply a water right to beneficial use when water was available for a period of ten or more years results in a rebuttable presumption of abandonment.

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Apr 29, 2021 Initiative 3 would apply the common-law doctrine of public trust to water rights, and make public ownership of such water legally superior to

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