Title: Reduces State Property Taxes for 2023
Signed by Governor Jared Polis
Title: Reduces State Property Taxes for 2023
Vote to concur with house amendments and pass a bill that reduces state property tax rates from 6.765% to 6.7% for the 2023 tax year.
Reduces the residential assessment rate from 6.765% to 6.7% for state property taxes beginning with the 2023 tax year (Sec. 1).
Authorizes homeowners to exempt up to $55,000 of their home’s property value from taxation (Sec. 2).
Appropriates $200 million to repay any school, fire, hospital, and ambulance authorities for any lost revenue due to the lower tax rates (Sec. 2).
NOTE: THIS BILL WAS VOTED ON DURING A SPECIAL SESSION OF THE LEGISLATURE
Title: Reduces State Property Taxes for 2023
Vote to amend and pass a bill that reduces state property tax rates from 6.765% to 6.7% for the 2023 tax year.
Reduces the residential assessment rate from 6.765% to 6.7% for state property taxes beginning with the 2023 tax year (Sec. 1).
Authorizes homeowners to exempt up to $55,000 of their home’s property value from taxation (Sec. 2).
Appropriates $200 million to repay any school, fire, hospital, and ambulance authorities for any lost revenue due to the lower tax rates (Sec. 2).
NOTE: THIS BILL WAS VOTED ON DURING A SPECIAL SESSION OF THE LEGISLATURE
Title: Reduces State Property Taxes for 2023
Title: Reduces State Property Taxes for 2023
NOTE: THIS BILL WAS VOTED ON DURING A SPECIAL SESSION OF THE LEGISLATURE