The question of how to blunt the edge of rising property taxes is again echoing in the halls of Colorado’s Capitol.
led to $700 million in property tax relief spread over this tax year and the 2024 tax year.
“Thanks to good work by the governor and legislature last year, property-tax payers will see nearly three-quarters of a billion dollars in relief over a two-year period,” Colorado Concern President and CEO Mike Kopp said in a statement. “But permanent property tax relief is needed. So are tax assessment reforms. The truth is, we simply do not have to make the choice between adding more taxpayer protections and allowing local governments to grow with the economy. They can happen simultaneously.
“There’s a lot of people acknowledging there’s a problem, but there’s no sense of a solution as far as caps to how much property tax grows,” Fields said. “I realize how much property taxes are needed for the services, but we also can’t break the bank, we can’t break the citizen,” Pelton said. “There has to be a fine line where local governments can provide service, but also it can’t be too expensive for the citizens to live here.”
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