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New property tax law could result in fewer tax breaks
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Rocky Mountain Voice, State

New property tax law could result in fewer tax breaks

By Jen Schumann | Contributor, Rocky Mountain Voice House Bill 24B-1001 was the solution in a whirlwind, not-quite four-day special session of the Colorado Legislature, aimed at addressing escalating property taxes. Now local governments are discovering how it may take away one of their tools in providing relief: tax credits. This could mean property owners and businesses will end up paying more in taxes. What the new law does Following the special session he called in late August, Gov. Polis signed this bill into law on Sept. 4. It will limit annual property tax increases. The goal is halting the surge in property taxes caused by factors including increased home prices, inflation, the Gallagher Amendment repeal, TABOR and politically-driven initiatives. When it takes ef...
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Lawmakers also extended agricultural equipment property tax exemption in special session
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State, The Sum & Substance

Lawmakers also extended agricultural equipment property tax exemption in special session

By Ed Sealover | The Sum & Substance Colorado legislators who focused heavily on cutting property taxes for homeowners during this week’s special session also approved one other tax break — one specifically focused on an emerging technology in the agricultural sector. House Bill 1003, which passed both chambers by wide margins, expands and extends a 2022 law that defined produce-focused greenhouses and the equipment therein as agricultural equipment and thus exempted them from the business personal property tax. While such a focus for a bill may seem to have been far afield from the main concerns of the four-day session — and was a major reason some legislators opposed it — sponsors argued it fit under Gov. Jared Polis’ call to pass bills lowering property tax for 2025....
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County assessors in Colorado offer mixed views on property tax compromise
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coloradopolitics.com, State

County assessors in Colorado offer mixed views on property tax compromise

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, nonresidenti...
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US judge tosses machine gun possession case, calls ban unconstitutional
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denvergazette.com, National

US judge tosses machine gun possession case, calls ban unconstitutional

By Nate Raymond | Denver Gazette A federal judge has dismissed charges against a Kansas man for possessing a machine gun, saying prosecutors failed to establish that a federal ban on owning such weapons is constitutional. The decision by U.S. District Judge John Broomes in Wichita on Wednesday appeared to mark the first time a court has held that banning machine guns is unconstitutional after the conservative-majority U.S. Supreme Court in 2022 issued a landmark ruling that expanded gun rights. In that ruling, New York State Rifle & Pistol Association v. Bruen, the Supreme Court established a new test for assessing firearms laws, saying restrictions must be "consistent with this nation's historical tradition of firearm regulation." The Supreme Court clarified that standard ...
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Property tax bill passes Colorado House during special session
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CBS 11 KKTV, State

Property tax bill passes Colorado House during special session

By Tony Keith | CBS11 The Colorado House passed HB24B-1001 on Wednesday hoping it will help reduce property taxes. News releases from both House Democrats and House Republicans shared their take on the legislation. ”We are committed to making Colorado a more affordable place to live, and with this bill we’re delivering additional property tax relief in a responsible way while protecting funding for our schools, parks, libraries and community institutions,”said Speaker Julie McCluskie, D-Dillon.“Two initiatives from wealthy special interests on the November ballot would de-fund schools, lengthen emergency response times, and strip health care away from our most vulnerable Coloradans. Stopping these measures with small changes to the bipartisan property tax package from last session...
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Making quick work of special session assignment, property tax bills clear first hurdles
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kdvr.com, State

Making quick work of special session assignment, property tax bills clear first hurdles

By Gabrielle Franklin | Fox 31 News The agreement between Colorado property tax initiative supporters, the governor and a group of lawmakers passed its first committee on Monday afternoon. Another measure seeking to gain voter approval to put property tax measures on the ballot also advanced out of committee. Both measures passed with a vote of 8-3. The House Appropriations Committee worked on the marquee negotiated agreement. While leaders on both sides of the aisle made clear they were ready to get to work on property taxes, their members made it known they had concerns about the pre-negotiated deal on the table. READ THE FULL STORY AT FOX 31 NEWS
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Concerns grow over expanded property-tax proposal
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State, The Sum & Substance

Concerns grow over expanded property-tax proposal

By Ed Sealover | The Sum & Substance A new version of the tax-cut bill at the heart of the special legislative session seeks to further limit property-tax revenue growth — a provision producing angst around what proponents are touting as a compromise solution that could head off a costly ballot battle. Colorado legislators will gavel into session again at 10 a.m. Monday at the request of Gov. Jared Polis to consider a brokered deal designed to stop two property-tax-cut initiatives that could cut billions of dollars in state and local funding from going to the ballot. Instead, the Democratic governor is asking legislators to pass a bipartisan bill that will expand a recently passed $1.3 billion property-tax cut to roughly $1.6 billion and will, if signed into law, commit proponent...
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Constas: Colorado’s property tax crisis, the partisan divide driving the state’s housing affordability crisis
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Commentary, Rocky Mountain Voice, State

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 ...
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‘It’s crucial that we work together’: House Republican leaders call for bipartisan cooperation in special session
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Rocky Mountain Voice, State

‘It’s crucial that we work together’: House Republican leaders call for bipartisan cooperation in special session

By BRIAN PORTER | Rocky Mountain Voice When Gov. Jared Polis called on Thursday for a special session of the 74th State Legislature, he specifically noted the need for bipartisan efforts toward property tax solutions for Coloradans. It is crucial those words are reflected in actions of the majority party, leaders of the House Republicans said in a joint media statement. Republicans face a superminority in the Colorado House -- only 19 of the 65 members are Republican -- which often meant during regular session their bills are killed in committee and their voices muted. "The majority party has had multiple opportunities to work with us on a solution," said Assistant Minority Leader Ty Winter. "Instead, their delays and dysfunction have led to a rushed process that could have been a...
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Gov. Polis calls 74th Legislature into special session to address property tax
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Rocky Mountain Voice, State

Gov. Polis calls 74th Legislature into special session to address property tax

By BRIAN PORTER | Rocky Mountain Voice A deal has been reached to remove two qualified property tax initiatives from the fall ballot in exchange for a special session of the 74th Colorado Legislature to address property tax. Gov. Jared Polis called the special session in an executive order Thursday morning. The single-item call on property tax will convene at 10 a.m. Monday, Aug. 26, his order reads. In order for a special session of the legislature to be called, it must be deemed to be an emergency, or as his order calls it, an "extraordinary occasion". The special session may only include those items in the call, in this case specifically property tax. "Coloradans continue to be burdened by increasing property taxes and need reliability in the amounts they will pay in future ...
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