Get ready for sticker shock as you open the mail and get your tax bill. As values soften throughout the state, why are your property taxes going up? How can assessed values continue to increase even though property values are softening? Why will your taxes likely...
The legislature passed a little known bill to allow property owners to defer their property taxes above 4% increase starting in 2023. To get the message out, they sent out the flier above that I received this week. On the surface, this sounds like an amazing plan. ...
Although HH, the Colorado tax reduction initiative was ultimately defeated, there was one profound item in the legislation that will have far reaching impacts. One of the biggest changes in the proposal is that second homeowners (non-primary residents) are now paying...
With much fanfare, CO legislators met in a special session to focus on tax relief once again after the searing defeat of HH. As suspected, the agenda was filled with allot of stuff not related to property taxes (Tabor checks, low income tax credits,...
What happens now for Colorado property tax relief? Leading up to election day, millions was spent to try to convince voters to give up Tabor for small tax relief. Voters saw through the games and complexity and in the end the bill failed miserably with over 60% voting...
Big changes in store for Colorado real estate in the upcoming legislature Colorado Governor Polis, in a recent interview, called short term rentals paying residential rates a “loophole” that he supports closing. “Residential properties that work like hotels...
Property taxes in Colorado are off the charts with many seeing an increase of 40% plus in the last assessment which is considerably higher than any inflation measure. Lawmakers took up the cry from voters with a vengeance coming up with a solution that not only makes...
Hopefully many of you on this list took the time to appeal your Colorado property taxes. I absolutely did! For my appeal, I filed the formal appeal and also spoke with the assessor to discuss. I got my letter this week and the assessor refused to adjust the value...
Our legislative branch and Governor have touted a new proposal to drastically reduce property taxes after they have skyrocketed due to increasing values and the elimination of the Gallagher amendment. Unfortunately the new bill will not help the overwhelming majority...
Wow! You can always hand it to the politicians to take a simple property tax measure and fill it to the brim so in the end it costs more than it actually saves you. In a last-ditch effort, the Colorado legislature approved: SB23-303 Reduce taxes and voter approved...
