Jun 17, 2024 | 2024 Research, Featured, Recent Research, Taxes & Fees
Property tax revenue increased by $2.4 billion dollars in 2024. The annual increase of 19% was the largest since 1975. Since 2019, property tax revenue has increased by $5.4 billion (55%) and has more than doubled in the last nine years, growing over $8 billion, from $7.18 billion in 2015 to nearly $15.3 billion collected in 2024.
Jun 12, 2024 | 2024 Research, Featured, Inflation Reports, Recent Research, Research, Taxes & Fees
Between April and May of 2024, prices in Denver increased by 0.59% while national inflation grew by 0.56%.
May 17, 2024 | 2024 Research, Featured, Recent Research, Taxes & Fees
These bills propose to reduce the TABOR refund by a combined $523 million in FY24, $1.06 billion in FY25, and $1.25 billion in FY26. The recent announcement that an additional $67 million in TABOR refunds is owed to taxpayers due to an accounting error is not reflected in this report.
May 8, 2024 | 2024 Research, Featured, Recent Research, Taxes & Fees
There is no relief for taxpayers. Coloradans will not have property tax relief from recent spikes. As reported by CSI, residential property assessment values increased over 27% in 2023. Under SB24-233, Coloradans are locked into these recent elevated property tax payments, resulting in no tax relief for this year or next.
May 3, 2024 | 2024 Research, Featured, Recent Research, Taxes & Fees
Follow the CSI TABOR Takings Tracker the final days of the 2024 session! Buoyed by strong revenue growth, there is an estimated $6 billion owed to Colorado taxpayers over the next 3 years. Over 100 bills introduced during the 2024 legislative session would re-direct those funds, reducing the total amount refunded by $3.5 billion.
Apr 11, 2024 | 2024 Research, Featured, Recent Research, Taxes & Fees
Colorado’s free enterprise economic system is built upon a combination of federal, state and local laws. While federal policy can play a large role across certain industries, state policy plays a critical role in both accounting for regional differences and determining a state’s relative economic competitiveness.