Colorado legislators appear headed for another debate about lowering property taxes after an influential commission largely backed a compromise plan Monday to cut taxes further if backers of two wide-ranging initiatives removed the measures from the November ballot.
Coloradans have several options to try to address rising property taxes in 2024.
A bill passed today, touted as the answer to skyrocketing property taxes, does NOT cut property taxes. Instead of paying an effective rate of 6.3% this year, you’ll be paying 6.8% next year.
Want real property tax relief? Stay tuned for ballot initiatives in November. Read More »
With just one day left in the legislative session, an eleventh-hour property tax deal has unanimously cleared two House committees and secured approval at its second reading on the floor.
Property tax bill on track to reach governor’s desk by final day of session Read More »
Colorado’s property tax code would be reimagined — with long-term rate cuts for homeowners and businesses and a local revenue cap — under a fiercely negotiated, last-minute bipartisan bill introduced in the legislature Monday that aims to provide tax relief while protecting funding for K-12 schools.
Democrats in the Colorado legislature are preparing this week to introduce a measure that would overhaul the state’s property tax system to limit future spikes in businesses’ and homeowners’ tax bills, with an eye toward providing more relief to people who own lower-value homes.
With just a month left in the state’s legislative session, top Colorado lawmakers still haven’t come out with a plan to deliver promised property tax relief — but they insist one is coming.
