By Marissa Ventrelli | Colorado Politics
County assessors from around the state offered their insights into the compromise legislation that lawmakers approved at the conclusion of a special session on Thursday.
The product of negotiations between Gov. Jared Polis, legislators, and the groups behind a pair of ballot initiatives seeking deeper property tax cuts, House Bill 1001 is relatively similar to the property tax bill that passed in the final days of the regular session in May but includes notable changes.
House Bill 1001’s aims to slow property tax growth, which has been increasing exponentially in Colorado since the Gallagher Amendment was repealed in 2020. The 30-plus-page bill includes a number of provisions for different property types, including residential, nonresidential, and special districts.