Colorado lawmakers are set to gavel in Friday morning for a pre-Thanksgiving feast of tax policy as they try to tamp down the worst of spiking property taxes.
Much more will be on the agenda during the special session, which begins at 9 a.m. and is expected to last at least three days. The Democratic-majority General Assembly has outlined proposals to reduce elements of the property tax formula to provide relief, to flatten tax refunds due under the Taxpayer’s Bill of Rights so that all taxpayers receive an equal amount, to increase tax credits for low-income households and to provide more money for the state’s emergency rental assistance program.
This story will be updated throughout the day.
Property tax bills due early next year will reflect increases driven by a median 40% rise…
Nick Coltrain, Seth Klamann
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