Conservative advocacy group submits ballot proposal to lower Colorado’s property tax assessment rates

Conservative advocacy group submits ballot proposal to lower Colorado’s property tax assessment rates

December 4, 2020

(The Center Square) – A conservative advocacy group in Colorado has already submitted a ballot proposal for 2022 that would ask voters to approve reductions to property tax assessment rates, roughly one month after the 2020 general election.

Colorado Rising State Action hopes to lower the state’s residential property tax assessment rate by 0.65% – from 7.15% to 6.5%. The proposal would also lower the non-residential property tax assessment rate by 2 percentage points, from 29% to 27%. 

“Families and small businesses need a break – and the best way to help is by keeping property taxes low,” Colorado Rising State Action Executive Director Michael Fields said in a statement.  

The group opposed Amendment B, which Colorado voters passed in the general election by over 455,000 votes. The measure repeals the Gallagher Amendment and freezes the residential property tax rate at 7.15% and the non-residential property rate at 29%. 

Read the full article at Center Square.

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