The Blue Book just arrived at our home. The first line of “Amendment B: Repeal Gallagher Amendment,” states “without increasing property tax rates.”
That is deceitful.
If it passes, I figure each home in Colorado will be taxed an additional $122 per $100,000 in value – a total of over $203 million.
But my big concern is the last line in the ballot title, “and repeal the non-residential property tax assessment rate of 29%.”
This will turn loose big business and oil and gas lobbyists to seek even more favorable tax treatments.