A proposal would help Coloradans save money on rising property taxes in the midst of the hot housing market.
It would be immediate relief that would save the average Colorado homeowner $274 on property taxes. For small business owners, it would be closer to $1,200 in savings.
State lawmakers are proposing this $700 million relief package to address rising home prices and give homeowners a little relief. Polis said there is more work to do, “It provides the immediate tax cuts that people need to stay in their homes and certainly allows for a discussion among all the stakeholders about what we need to do in the long term to protect Coloradans from higher property taxes because of the higher values of their homes.”
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