Proposition 120: Property Tax Assessment
Did not pass with 43% yes.
- Yes
- 652,382
- 43%. The passing rule is not on file.
- No
- 866,197
- 57%
Qualified (Done)
On the ballot (Done)
Election day (Done)
Did not pass (Current step)
What a yes vote does
Reduce the residential property tax assessment rate from 7.15% to 6.5% and the non-residential property tax assessment rate from 29% to 26.4%; and authorize the state to retain and spend $25 million in revenue above the state's TABOR spending cap for five years, which it would otherwise be required to refund to taxpayers, to fund reimbursements to local government entities for lost revenue due to homestead exemptions given to qualifying seniors and disabled veterans.
What moved
How it got on the ballot
By petition. Voters’ signatures put it on the ballot.
In the news
Reporting that may mention this subject. Possible matches are labeled.
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