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11 News: Colorado governor and lawmakers make ‘major announcement’ about cutting property taxes

Your property tax bill is one of the last things that lawmakers are focusing on, before they adjourn for the year. A massive 24-page property tax bill, aimed at saving homeowners across Colorado billions of dollars was introduced Monday. Governor Jared Polis and lawmakers said this proposal crosses party lines and could save homeowners an average of $300 to $400 a year.

“In representing the statewide business community on the property tax commission, it was critical to ensure that reductions in both residential and nonresidential property rates were included in the final recommendations. Businesses and individuals across Colorado have faced historic rate increases that threaten our economic growth on a broad scale, from driving up the cost of doing business to exacerbating the housing affordability crisis. This solution is a balanced approach for critical property tax relief while protecting voter-approved bonds for housing and infrastructure needs across the state,” Loren Furman, President & CEO, the Colorado Chamber of Commerce.

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