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 Stateâs office on Monday.
and last updated 2021-08-03 08:40:31-04
COLORADO SPRINGS â 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 Stateâs 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
ColoradoBiz Magazine
How will this impact real estate purchases and refinances?
April 6, 2021
Will mortgage rates rise substantially in 2021? Yes! Why are mortgage rates rising while the federal reserve pledges to keep rates low through 2023? How will this impact real estate purchases and refinances? How are mortgage rates “set”?
First, it is important to note that the federal reserve does not directly control mortgage rates. The fed controls the “federal funds rate.”
The federal funds rate is the rate at which banks and credit unions lend reserve balances to other banks and credit unions overnight. In a nutshell this is the rate banks get on the money they are holding in cash/reserves.