March 15, 2025
Property

Polis’ property tax fix is a bad deal for Colorado taxpayers


Colorado Governor Jared Polis walks over to speak with local media members before he and other state legislators with supporters announced plans to reduce property tax rates and implement long-term protections to prevent future property tax increases during a press conference at the Colorado State Capitol on May 1, 2023 in Denver, Colorado. (Photo by RJ Sangosti/The Denver Post)

Colorado is still facing a property tax crisis of historic proportions.

Runaway growth in property values caused by a lack of housing supply, growing demand from population increases, and 20-years’ worth of cheap money policy from the Federal Reserve have caused a perfect storm of escalating home values. As home assessed values grow so do taxes triggering property tax increases in all corners of our state.

Just how significant is this year’s property tax increase? An economist at the University of Colorado Leeds School of Business warned that new property tax costs to homeowners could impact consumer spending and cause an economic slowdown.

For the fourth time in as many years, the Colorado legislature has enacted a complicated new law intended to address this problem.

That’s the good news. The bad news is that these Golden Dome political compromises have continued to miss the mark.



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