It’s no secret that the American dream of owning a home or starting a business is unattainable for the average Coloradan. Every day, we hear from our constituents about the record-breaking housing and property costs squeezing them out of the market, and in some cases, the state. In fact, Colorado’s real estate value last year skyrocketed to $1.2 trillion, according to a study by Zillow.
By limiting value increases that determine tax bills to 3% a year, local tax bases that fund schools, fire districts and counties will still continue to grow at a predictable and steady rate. If and when local districts need additional revenues for specific purposes, this measure specifically reiterates the authority of local districts to go to local voters to ask for mill levy overrides to fund those needs.
While avoiding wild swings in property taxes, our measure will never cut funding to schools or firefighters. Not a single dime. Not a single time. But it will put a stop to unaffordable and regressive property tax hikes that working families and small businesses just can’t afford. If nothing is done, property taxes on families could double in only three to four years, and the property taxes businesses pay could double in seven to eight years.
Don’t let investment company or realtor company buy houses in masses!
Colorado's housing market is like the wild west. There is no protection or common sense in it any more.
Property Property Latest News, Property Property Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CBSDenver - 🏆 612. / 51 Read more »
Source: LANow - 🏆 260. / 63 Read more »