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A constitutional amendment establishing a limit on property tax increases Failed 178,245 (31.55%) 386,650 (68.45%) Referred Law 1 An initiative establishing daylight saving time Passed 346,274 (57.26%) 258,490 (42.74%) Refereed Law 2 An initiative abolishing the death penalty Failed 193,245 (33.15%) 389,707 (66.85%)
Proponents accredit much of Colorado's economic prosperity in the period immediately following adoption of the law to the limit and its effect on government spending and taxes. [5] [6] When Colorado voters passed the law that legalized marijuana, the voters approved using tax money generated from marijuana sales for schools, police, and drug ...
Statewide Proposition HH could be the most complicated initiative Colorado voters have seen in years. Here's how it could impact your bottom line.
Despite seeing assessed home values soar by double digits, Colorado voters on Tuesday rejected a measure that would have lowered property tax bills for homeowners in return for decreasing a tax ...
The Gallagher Amendment was an amendment to the Colorado Constitution enacted in 1982 and repealed in 2020 concerning property tax.It set forth the guidelines in the Colorado Constitution for determining the actual value of property and the valuation for assessment of such property. [1]
This Colorado man’s property tax tripled, despite his home being razed to the ground in a huge fire — and his appeal was denied without explanation Danielle Antosz October 19, 2024 at 3:03 AM
This law is a constitutional provision which intentionally limits tax increases every year, making it impossible for the Colorado legislature or other bodies to raise taxes in Colorado beyond set annual increases without explicit voter approval via referendum. There have been at least two amendments related to congressional term limits.
For example, if the tax rate is 51.7 mills, multiply .0517 by the assessed value (Property Value x Assessment Ratio) to determine the amount of property tax due.