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 9, 2024 | 2024 Research, Featured, Recent Research, Taxes & Fees
Many Coloradans pay higher than average taxes, even adjusted for income. Despite effective tax rates being lower than average, the rapid increase in home values in Colorado over the past decade has made an impact.
Jan 19, 2024 | 2024 Research, Press Releases, Taxes & Fees
This brief release details the impacts of the 2023 special legislative session’s lowering of residential assessment rates from 6.765% to 6.7%, the potential impact of lowering local mill levies 10%, and points out the growth in Colorado property taxes beyond the metro rate of inflation.
Oct 27, 2023 | 2023 Research, Recent Research, Research, Taxes & Fees
Prop HH would make several changes to state property taxes and changes to state revenue limits, including: reducing property tax rates, creating two new subclasses of residential property effective in 2025, providing funds to local governments to make up for decreased property tax revenues (referred to as backfilling), creating limit on local government property tax revenue, increasing the cap on state revenue (Prop HH Cap) allowing the state to retain revenue up to the newly created cap, that would otherwise be required to refund to residents under the Colorado Taxpayer Bill of Rights (TABOR).
Aug 16, 2023 | 2023 Research, Featured Research, Research, Taxes & Fees
Evaluation of the Long-term Impacts: Prop HH gives Coloradans a choice; trade some property tax relief for longterm increase in state taxes.
