|(Colorado State Capitol, May 1st, 2023) – Today, Governor Jared Polis unveiled what he is calling a “transformative plan” to address Colorado’s property tax rates that will increase substantially unless action is taken by the state legislature. |
In response to the last-minute effort by Democrats, Minority Leader Mike Lynch (R-Wellington) issued the following statement:
“While we at the Capitol were making too many new laws that were way too expensive, real Coloradans across the state have been opening up their mail and finding tax bills they cannot pay. Democrats and the Governor waited until the last minute to fix a problem they knew was coming all along. House Republicans have been raising this urgent issue for months, if not longer,” stated Leader Lynch. “The Democrats cannot treat TABOR like an ATM machine to resolve the state’s financial issues, most of which are self-inflicted. The people of Colorado should be skeptical of the Governor’s hastily introduced plan with only one week left in the session. He seems to want to convince us this plan will solve all financial shortfalls, such as school funding, teacher pay, fire and police, and resolve Colorado’s property tax issues for homeowners and businesses. Given this sugar-coated plan must be approved by voters, it’s concerning the Governor has no PLAN B if it fails.”
Representative Lisa Frizell’s (R-Castle Rock) bill HB23-1054, Property Valuation, was voted down by Democrats in the Finance committee on March 9th, 2023. Rep. Frizell’s bill would have eliminated the 2023 property reassessment for most classes of property and would have made additional changes to property valuations and assessment rates for the 2023 and 2024 property tax years.
House Assistant Minority Leader Rose Pugliese (R-Colorado Springs) and Rep. Frizell’s bill SB23-108, Allowing Temporary Reductions In Property Tax Due, passed the Senate on March 1st and is still awaiting to be heard in the House. Their bill specifies that local governments may administer temporary tax credits or mill levy reductions for the purpose of providing temporary property tax relief.
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