Page 12 - Gallagher Amendment News Today

Editor’s note: This is an open letter written by the Elbert County commissioners in response to the spike in assessed valuations.

The House approved on Monday a measure that will ask voters to forego part of their TABOR refunds in exchange for providing tax relief to property owners.

Colorado lawmakers on Monday night wrapped up their work for the year after tackling sweeping legislation in several areas, notably property taxes, guns and abortion, following four months of sometimes

Gov. Jared Polis and the Democratic leadership of the Colorado House and Senate took something of a victory lap on Tuesday after the legislature wrapped up its 120-day session.

Colorado legislators advanced two proposals tied to providing property tax relief on the final Sunday of this years legislative session, but the lengthy debate could doom other major measures, with the General Assembly literally running out of time.

With just two days to go before the end of the legislative session, Colorados House Democrats are rushing to push through a last-minute proposal that seeks to equalize TABOR refunds to about $660 per person.

Insidious destruction of Colorado

Want to appeal your property valuation? We have some information for you on how to do that.

Senate Bill 303 would ask voters this November for permission to raise whats called the Ref C cap by 1% and keep that additional revenue for a 10-year period. That would generate about $167 million per year, which in turn would be funneled to local governments to hold them harmless from reductions in property tax revenue.

As notices of valuation hit mailboxes this week, the Chaffee County Assessor’s Office has seen a median increase of between 40 and 60 percent in actual values from 2021.