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 […]
property taxes
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 inOpinion, Opinion Columns
Zornio: Colorado’s 2021 elections are too important to skip. Here are my picks
It’s the best time of year in Colorado: yellowing aspens, cool mountain air and ballots arriving effortlessly by mail. As a state, we feature one of the most robust vote-by-mail systems in the nation. Regrettably, off-cycle elections can still see a drop in turnout, and sometimes lead to changes that may not otherwise reflect the […]
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 […]
Posted inBusiness, News, Politics and Government
Ethics complaints from mountain counties spur probe of state Division of Property Taxation
The Department of Local Affairs will hire a law firm to investigate the Colorado Division of Property Taxation after Eagle, La Plata and San Miguel counties made ethics complaints against the state agency’s top two directors. The move averted a call for state auditors to probe the claim that a too-cozy relationship between the state […]
Posted inNews
5 big tax bills Colorado lawmakers passed this year that will affect your wallet
Colorado’s Taxpayer’s Bill of Rights keeps lawmakers from raising taxes without voter approval. But it still allows for some changes to the state tax code without going to the ballot. Democrats and some Republicans in the legislature this year significantly altered property tax rates, tax loopholes and tax credits that will affect the wallets of […]
Posted inBusiness, Crime and Courts, News, Newsletters, Politics and Government, The Outsider
State tax official who is required to be neutral advised luxury resort owners on how to minimize property taxes
A state tax official required to be a neutral arbiter is instead advising Colorado luxury resort hotel owners on how to minimize their property taxes, according to leaders in the counties who have lost millions of dollars in revenue. A batch of personal emails uncovered by Eagle, San Miguel and La Plata counties detail a […]
Posted inHousing, News, Politics and Government
This senior property tax exemption has saved Colorado’s older homeowners millions. But it also has an equity problem.
Dian Feral has lived in the frame house on a corner lot in Denver’s Westwood neighborhood for more than 30 years since she bought it for $87,000 back when she worked the graveyard shift at the Keebler cookie and cracker plant. It was never what she’d call a good house, situated in what she describes […]