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Colorado’s high-stakes property tax battle ends dramatically as opposing sides agree to embrace $700M reduction

Colorado’s property tax arms race ended Friday morning after conservative and liberal groups moved to withdraw the ballot measures they were pursuing for the November ballot that would have dramatically altered the tax code.  Democratic leaders in the legislature, meanwhile, vowed not to pursue an opposing ballot initiative that would have prevented property tax changes […]

Posted inEconomy, Housing, News, Politics and Government

Property tax arms race involving Colorado power players grips Capitol as fragile deal starts to deteriorate

A property tax arms race involving some of the state’s most powerful people is unfolding behind the scenes at the Colorado Capitol in the final days of the 2022 lawmaking term, jeopardizing a fragile deal unveiled this week. The deal, backed by the governor and negotiated over several weeks, would reduce projected property tax increases […]

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Colorado governor, lawmakers unveil plan to slash property taxes by $700M to head off business group’s ballot measure

Colorado property owners would get a $700 million break on their rising tax bills over the next two years under a plan unveiled Monday by Gov. Jared Polis and state lawmakers that’s aimed at preventing a business group from pursuing an even larger reduction in November.  The legislature, in a deal reached in the final […]

Posted inBusiness, Economy, Housing, News, Politics and Government

Colorado Democrats aim to quickly pass property tax relief to head off ballot measure from business group, conservatives

The debate over how to tackle rising property taxes is poised to dominate the final days of Colorado’s 2022 legislative session, as Gov. Jared Polis, Democratic lawmakers and Colorado Concern, a deep-pocketed business organization, hastily negotiate a plan to provide relief that’s sufficient but that doesn’t also deny local governments billions in future funding.  With […]

Posted inBusiness, Economy, News, Politics and Government

Colorado’s taxable home values could skyrocket in 2023

The taxable value of Colorado homes is expected to rise dramatically in 2023, according to the most recent forecast by the General Assembly’s economists – and not just in the white hot Front Range and mountain resort real estate markets. As families flee high housing prices in those areas, they’re pushing up prices on Denver’s […]

Posted inHousing, News, Politics and Government

Property taxes would more than triple for Colorado short-term rental owners under statehouse proposal

Property taxes on short-term rental properties in Colorado would more than triple under a bill drafted by state lawmakers that comes as communities from Durango to Denver grapple with surging numbers of vacation rentals. The proposal would tax vacation homes like hotels and motels, which are subject to a higher assessment, on the days they […]

Posted inEconomy, Growth, Housing, News, Politics and Government

Proposition 120: Voters will decide if Colorado property taxes will go down — at least for some

Colorado’s residential property taxes are already among the nation’s lowest, but a measure on the 2021 statewide ballot would drop them ever lower — for some.  Proposition 120 would, if approved by voters, reduce the property tax assessment rates for multifamily housing to 6.5% from 7.15% starting in 2022. If you owned affected property valued […]