DENVER — On the last day of the 2024 legislative session, Colorado lawmakers gave final approval to a bipartisan plan on property taxes .
"I think both Republicans and Democrats are in full agreement that this is the best path forward,” said Scott Wasserman with the Bell Policy Center. Wasserman said the average homeowner would save hundreds of dollars compared to what they would pay if the bill didn’t pass. Michael Fields with Advance Colorado said the bill won’t provide the relief homeowners are looking for.
“Most of the lost property tax revenue, about $2.25 billion, will be reimbursed by the state government. About $800 million in lost school district revenue will be made up through state aid for total program funding for school finance as required under current law, and the measure requires that about $1.45 billion be paid by the state to fully reimburse local governments other than school districts,” the fiscal summary said.
Source: Real Estate Daily Report (realestatedailyreport.net)
Colorado Property Tax Plan Colorado Property Taxes Property Tax Bill Property Taxes
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: verge - 🏆 94. / 67 Read more »
Source: PhoneArena - 🏆 322. / 59 Read more »
Source: Covers - 🏆 341. / 59 Read more »
Source: Collider - 🏆 1. / 98 Read more »
Source: Collider - 🏆 1. / 98 Read more »
Source: ksatnews - 🏆 442. / 53 Read more »