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Two conservative groups, Advance Colorado and Colorado Concern, plan to harness grassroots outrage over property tax increases to win approval for a ballot initiative that caps jumps.
(The Center Square) – Two Colorado groups are joining efforts on a ballot measure that proposes cutting property tax assessment rates and capping tax increases at 4%.
Revenue would be capped annually. State backfill mechanism proposed for local school, firefighter and other districts that would lose funds.
Two groups at the opposite ends of major tax policies in past years have banded together to push for a ballot measure to reduce residential and business property tax rates
The measure would slash the assessment rate used to calculate residential property taxes from 7.15% to 5.7%.