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.
Predictable Property Tax Hikes Or A Fiscal Train Wreck? Political Wrangling Begins Around Proposed Ballot-box Fixes
Aldo Svaldi, Denver Post: Politics
Thu, 02/22/2024 - 6:00am
Topics: just michael fields most dave davia revenue voters title board taxpayer bill rights gallagher after hh democratic commission property tax march general assembly solomon protections sen chris hansen d-denver my they re robbing peter paul denver-based bell policy center scott wasserman property that s bell kelly flenniken counties inc related articles douglas county local fixing february associated builders contractors ann terry ceo special district association taxpayers what denver post nick coltrain stay spot advance colorado fields fields we davia davia the initiative general fund i initiative tabor proposition hh proposition a bell policy center bell i wasserman politics a proposed fixes political wrangling fiscal train wreck state measure taxes ballot cap governments concern money people revenues increases measures government assessment groups districts inflation mill funding higher backfill shortfalls cut year group properties budget statewide asked coming homeowners school find added levies set levels filed caps commercial rate amendment years relief president future approval growth times work problem problems establishment essentially residential close discussions additional high time won latest backers subject taxation favor cycle language campaign restore workers signatures housing provide don home market win billion faced repealed face cost limit long-term homes spending isn report blow predictability create requirements employers hard point divert dollars force statutory lift surpluses studying session million aren called approve
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