COLORADO — Governor Jared Polis signed a property tax bill into law Wednesday. The measures passed during a special session of the general assembly, which was called by the governor to address high taxes.
According to the governor's office, the bill lowers assessment rates and slightly lowers revenue caps. It also raises school revenue sharing rates.
Proponents say they are committed to protecting funding for institutions such as the following:
- schools
- parks
- libraries
This bill was part of a deal struck by legislators to keep two initiatives off of the November ballot, aiming to cut taxes.
You can learn more about how property taxes are calculated in Colorado below:
How are property taxes calculated in CO? It's changed
___
Matthew Livelsberger: The Colorado Springs Man Found Inside The Las Vegas Cybertruck
Residents living in an east Colorado Springs townhome complex shared their disbelief after learning one of their neighbors was suspected of detonating explosives inside a Cybertruck in Las Vegas on New Year's Day.
____
Watch KOAA News5 on your time, anytime with our free streaming app available for your Roku, FireTV, AppleTV and Android TV. Just search KOAA News5, download and start watching.
