Comment on Predictable property tax hikes or a fiscal train wreck? Political wrangling begins around proposed ballot-box fixes

Predictable property tax hikes or a fiscal train wreck? Political wrangling begins around proposed ballot-box fixes

After months of dire warnings, assessment protests, political wrangling and nervous waiting, homeowners across the state are receiving their property tax bills. The print on those notices may be tiny, but for most people, the increases are huge. Two conservative groups, Advance Colorado and Colorado Concern, plan to harness grassroots outrage over average increases of 25% to win approval for a ballot initiative that caps how much property taxes can rise going forward. “Just because the housing market went up 40% (in value) doesn’t mean people have more money to pay the property taxes,” said Michael Fields, president of Advance Colorado. “Most people want to stay in their homes.

 

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