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Initiative 27: Experts weigh in on property tax ballot initiative

Initiative 27: Experts weigh in on property tax ballot initiative Residential property taxes would drop to 6.95 percent from 7.15 percent, and non-residential property tax rates would drop to 26.4 percent from 29 percent A ballot measure designed to lower property taxes moves closer to a statewide vote. Colorado Rising State Action turned in over 190,000 signatures to the Secretary of State’s office on Monday. and last updated 2021-08-03 08:40:31-04 COLORADO SPRINGS — A ballot measure designed to lower property taxes moves closer to a statewide vote. Colorado Rising State Action turned in over 190,000 signatures to the Secretary of State’s office on Monday. What s been happening over the last few years is a huge rise in home values, the assessment rates that people got are a lot higher than they used to be. Our houses are worth more, but that doesn t mean you have more money in your pocket to be able to pay for the property taxes. Seeing the strain this could

Editorial: Lawmakers sneak in another betrayal of voters

It’s not the first time the General Assembly has tried to pull a fast one on the electorate by way of an end run on what voters enacted at the ballot box. But it might be the first time lawmakers have connived to get away with it in advance. That’s right, before the public even has had a chance to weigh in. As reported in Thursday’s Gazette, a bill just introduced late in the 2021 Legislature and being fast-tracked through committees at press time would change the way real property is classified for taxation in Colorado. It would conjure up new categories of property and new assessment rates to go with them. The purpose? To short-circuit a citizens petition drive to cut Colorado’s soaring property taxes by $1.03 billion on next fall’s ballot. Lawmakers fear the ballot issue would prove popular with voters in November, so they’re trying to sabotage it now.

EDITORIAL: Colorado lawmakers sneak in another betrayal of voters

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