Colorado Proposition Hh 2024. Property values have increased significantly in most areas of the state, resulting in higher property taxes owed. How would proposition hh affect property owners?
As of about 9:20 p.m., over 756,000 people voted. Supporters say this one offers a simple, statewide remedy for property owners,.
Here’s How The Rates Would Change Under Proposition Hh:
Colorado voters could face another property tax question next year.
It Gives Out Tax Relief By Cutting Local Property Taxes.
Under proposition hh, the state would have retained the following amounts that would otherwise be refunded to taxpayers:
As Of About 9:20 P.m., Over 756,000 People Voted.
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How Would Proposition Hh Affect Property Owners?
Proposition hh, which polis and democrats championed, asked voters whether.
These Changes Would Be In Effect For 10 Years, Starting In Tax Year 2023 — For Which Taxes Are.
The residential assessment rate would be reduced to 6.7% from 6.765% in 2023, for taxes owed in 2024, a roughly 1% cut.
Property Values Have Increased Significantly In Most Areas Of The State, Resulting In Higher Property Taxes Owed.
