What can we reason but from what we know? -Alexander Pope

Capital Review

Property tax bill produced key improvements thanks to GOP participation

Property taxes remain a hot topic in Colorado and rightly so. During COVID, economists expected home values to fall as the economy experienced a sharp recession. So in 2020, the legislature asked voters to eliminate a 40-year-old law that prevented property taxes from rising in unison with the value of that property. Voters agreed.

Then something strange happened: the COVID recession was brief and instead of tanking, home prices soared because few homes were offered for sale. Without the 40-year-old Gallagher amendment to limit residential property taxes, homeowners’ tax bills exploded along w...

 

Reader Comments(0)

 
 
Rendered 06/14/2024 03:44