Colorado Democrats have hammered out a plan to bring relief to homeowners from unsustainable increases in property taxes — an average of about $1,000 across the state. What everyone wants to know as the final touches are put on the November ballot question is how will it affect their family budget. As introduced, lawmakers will be asking voters to approve a 10-year reduction in the state-wide assessment rate for residential property, a one-time reduction in the assessed value of residential property, and a small reduction in income tax refunds that are expected under the state’s Taxpayer’s Bill of Rights.