Want real property tax relief? Stay tuned for ballot initiatives in November.
By Rocky Mountain Voice Staff
A bill passed yesterday, 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.
Colorado lawmakers wrapped up their 2024 legislative session Wednesday evening by sending Gov. Jared Polis a last-minute property tax relief bill, Senate Bill 233. Introduced on Monday after months of negotiations, this was one of the final bills to pass before the Assembly adjourned for the year. Lawmakers hope the measure will dissuade voters from backing property tax measures on the November ballot that could significantly impact state and local government budgets. Colorado Concern, the group ready to push a ballot initiative, didn’t get on board.
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