Colorado Property Taxes, Amendment 60 (2010)
Wednesday, June 23rd, 2010An exerpt from BallotPedia:
Colorado Property Taxes, Amendment 60 will appear on the November 2, 2010 state ballot as an initiated constitutional amendment.[1] Amendment 60 proposes limiting how property taxes are raised and reversing recent tax laws which increased taxes. Additionally it proposes cutting mill levies in half by 2020.[2][3]
According to reports Amendment 60 would:[4]
- restore TABOR tax limits
- cut current mill levy rates in half by 2020
- set expiration dates for tax rate and revenue increases
- apply 10 year limit on future property tax increases
Read the full article here:
http://ballotpedia.org/wiki/index.php/Colorado_Property_Taxes,_Amendment_60_%282010%29