« Attention S-Corp Business Owners!
IRS Agents Requesting Electronic Copy of QuickBooks Records »

Colorado Property Taxes, Amendment 60 (2010)

An 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

This entry was posted on Wednesday, June 23rd, 2010 at 9:29 pm and is filed under 2010 Tax Changes, Property Tax, State Law. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “Colorado Property Taxes, Amendment 60 (2010)”

  1. Natalie Menten Says:
    June 24th, 2010 at 12:32 pm

    You should change your Amendment 60 entry. Among other errors, Ballot pedia says it lowers (ALL) property taxes 50%.
    That is wildly false.

    1. It applies only to school districts.
    2. Schools get 100% state aid to replace any change in local
    tax revenue.
    3. The phase out is over 10 years.
    4. It is less than half because it does not include mill levies for
    debt service.

    I suggest you replace your source with COtaxreforms.com.

  2. Christine Reiner Says:
    June 25th, 2010 at 4:34 pm

    Hi Natalie,
    Thank you for your comments and for your source link. Your knowledge is greatly appreciated!

Leave a Reply