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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

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