Tag: Colorado Property Taxes
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Gov. Jared Polis signs bill to end Colorado’s ‘property tax wars’ — at least for 6 years
Hours after two groups withdrew two ballot measures on property taxes, Gov. Jared Polis fulfilled the last part of the deal by signing into law a compromise measure that is expected to further reduce — but not eliminate — the increases most Coloradans will pay for in property taxes in the next two years. House Bill 24B-1001 is…
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Colorado lawmakers wrap up special session, pass property tax deal
Colorado’s lawmakers on Thursday concluded a special session by passing a compromise measure that will reduce property tax liabilities for residential and business owners and, in return, mean withdrawing two initiatives containing deeper tax cuts from the November ballot. The final vote on House Bill 24B-1001 — the deal crafted by legislative leaders, the governor,…
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Colorado Legislature returns to address property tax deal, citizen initiative process
The Colorado General Assembly returned to the state Capitol Monday to finalize the deal lawmakers hope will end two ballot measures Democrats have called “reckless and destructive” but which supporters argue are necessary in order to provide sufficient and meaningful relief to residents against soaring tax liabilities. This week’s special session is focused on a…
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Colorado lawmakers to introduce long-awaited property tax relief bill
The long-awaited major property tax bill will likely be introduced sometime early next week, giving it about a week to work through the General Assembly before its May 8 adjournment. This bill, however, will have had an advantage that previous bills, most notably the 2023 legislation, didn’t have: a public airing of its concepts. That’s…
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Colorado property taxes may increase 25%
Despite Gov. Jared Polis approving several property tax relief bills after the failure of Proposition HH, Colorado homeowners may still pay an average of 25% more in property tax increases, according to an analysis by the Common Sense Institute. Proposition HH intended to use the Taxpayer’s Bill of Rights surplus revenue – normally money refunded…