State lawmakers pass deal to lower property taxes, keep initiatives off November's ballot in special session

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State lawmakers pass deal to lower property taxes, keep initiatives off November's ballot in special session
Colorado LawmakersColorado Property TaxesColorado Special Session
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Brandon Richard is a reporter for Denver7 in Denver, Colorado.

Colorado lawmakers gave final approval to a bipartisan proposal to lower property taxes for homeowners and businesses following a 4-day special legislative session that ended Thursday. “This is meaningful property tax relief for the people of Colorado,” said State Sen. Paul Lundeen, the Republican leader in the Colorado Senate.The bill is part of a deal to keep a pair of initiatives off November’s ballot.

Barbara Kirkmeyer, R-Brighton, another prime sponsor of the bill.Michael Fields, president of Advance Colorado and one of the chief proponents of the initiatives, posted a message on X Thursday after the special session ended.“So happy that Coloradans are going to see significant property tax relief!” Fields said.Hansen said keeping the initiatives off the ballot was important.

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