Rob Harris is so excited to be returning to his home state and telling stories with the Denver7 team! Having grown up in Fort Collins, he loves the people, places, and adventures that Colorado has to offer.
DENVER — Colorado voters will soon decide the future of Proposition HH, a proposal from state Democrats to reduce property tax rates and spend money that would otherwise be sent back to taxpayers through Taxpayer Bill of Rights refunds.
"Coloradans are currently experiencing the largest tax increase we have ever seen," said Senate Minority Leader Paul Lundeen."The average increase in taxable value on a home in Colorado is up 37 percent. In Pitkin County, homeowners are seeing an 81 percent increase in taxable value on their homes. In 10 Colorado counties, homeowners are seeing an increase exceeding 50 percent.
The second proposal would drop the state's property assessment rate from 6.77% to 6.7%, the same reduction in Proposition HH. Republican lawmakers said this would be the"starting point" for the assessment rate statewide, and that local governments could reduce the rate further from there. Kirkmeyer said the reduction in taxes would cut into projected budget surpluses, and would not require budget cuts. She said leaving more money in taxpayers' pockets would help them weather the higher property taxes.
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