Colorado Initiative to Cut Property Taxes Qualifies for Ballot

  • by:
  • Source: taxnotes
  • 07/20/2023
The Colorado secretary of state has certified a ballot initiative that would reduce valuation rates for property tax assessment purposes.

Initiative 27 would reduce the residential property valuation rate to 6.5 percent from 7.15 percent and reduce the nonresidential property valuation rate to 26.4 percent from 29 percent.

According to an August 26 statement by the secretary of state's office, backers submitted192,562 signatures. Using a random sample of 5 percent of the signatures, the elections division determined that 138,567 of the signatures are valid, exceeding the minimum of 124,632 valid signatures needed to qualify the measure for the November ballot. 

“We brought this initiative because property values have been going up so fast in Colorado — and property taxes with them,” Michael Fields, executive director of Colorado Rising State Action, told Tax Notes. 

Help FAIRtax Become The Number One Issue in 2024

Enacting the FAIRtax must be a prominent topic in these times. We did it before, we can do it again, but we need your help!

Help out with a One-Time Contribution

Your gift of $25, $50, $100 – even $1,000 or more if you can possibly spare it – will help FAIRtax.org bring an end to the IRS and promote a FAIRtax. So, I urge you, please give as generously as you can.

Billing information (REQUIRED)

Payment information (REQUIRED)

To donate by check:
Americans for Fair Taxation
PO Box 4929
Clearwater, FL 33758

If you need to make changes to your existing Monthly Re-Occurring Donation with new card or billing address information, then Please call Adam Yomtov our New York State Co-Director. He is assisting with the administration of our donations, technology services, and website.

Please note: Inputting your new information at our website won't update your donation. The only way to update is by calling Adam Yomtov 917-689-3931 mobile.


Americans for Fair Taxation® is a 501(c)(4) non-profit, non-partisan grassroots organization solely dedicated to replacing the current income tax system with a fair, simple and transparent national consumption tax – the FAIRtax® Plan. We rely entirely on contributions from concerned citizens like you who want a tax system that will generate jobs and stimulate the economy. Welcome to the FAIRtax team!

Connect

Share