Zachary Halaschak is an economics reporter at the Washington Examiner. Before moving to Washington, he worked in Alaska, covering politics, government, and crime for the Ketchikan Daily News. While there, Zach won the Alaska Press Club’s second-place award for best reporting on crime or courts for his coverage of a local surgeon’s alleged murder.
Voters in Colorado rejected a ballot measure that would have granted some property tax relief, although opponents successfully argued that it could have threatened a prized tax refund.
Of note, the rejected ballot measure would not have lower property taxes for residents, rather, it would have slowed the rate of their increase through 2032. For non-residential commercial properties, the assessment rate would have been slashed to 27.85% through 2026 from 27.9%. The first refunds typically go back to local governments as part of a tax exemption that applies to qualifying homeowners over the age of 65. If the TABOR surplus goes beyond the senior tax exemption costs, Colorado then uses the remaining money to hand out to residents in the form of income-based sales tax refunds.
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