Constas: Colorado’s property tax crisis, the partisan divide driving the state’s housing affordability crisis
By James Constas | Commentary, Rocky Mountain Voice
Homeowners across Colorado with mortgages are opening their annual escrow analyses and facing a shocking reality. I am one of them.
To my dismay, I discovered my mortgage will increase by a staggering $1,000 per month. This 54% surge in my monthly payment was driven by soaring property taxes and an even more exorbitant rise in homeowner's insurance premiums. Astonishingly, I now pay more towards taxes and insurance than towards the principal and interest on the property!
Outraged, I shared my escrow analysis on X (formerly known as Twitter), where it garnered 887 likes, 263 retweets, and over 24,000 views in just 24 hours, clearly striking a chord. The 72 comments came from fellow homeowners sharing their fiscal misery and ...