Howdy John,
Colorado homeowners can expect a record increase in their property taxes – 40% on average across the state. Unless we take action now, the impact on housing costs including rent, small businesses, and our overall economy would be devastating.
That’s why Governor Polis and Democratic lawmakers referred Proposition HH to the ballot to avoid this crisis by reducing property taxes for everyone while protecting vital investments for schools, libraries, fire districts and other essential public services. Proposition HH would also provide targeted relief towards seniors and low-income families, helping our most vulnerable communities stay in their homes.
Some of the life-changing benefits if Prop HH passes this November:
✅ Up to $1.6 billion in property tax relief annually, saving money for working families, small businesses and seniors across our state. In fact, the average homeowner will save more than $1,000 over the next two years.
✅ Up to $2,122 in savings over the next 2 years for seniors who previously lost their Senior Homestead Exemption but would become re-eligible with Prop HH.
✅ Tax-paying Coloradans would get more than $800 in their next TABOR refund. That means a vast majority of Coloradans will see an increase in their refund.
✅ $20 million in annual rental assistance to help offset rent increases as a result of increased property taxes.
✅Increased funding for Colorado schools.
