Proponents of dueling property tax measures on November’s ballot have agreed to pull back after lawmakers approved a bill Friday to ease the burden on tax payers.
that comes with rocketing property values. It was introduced Monday and raced through both chambers of the General Assembly in its final 10 days. It caps the amount of value that properties are taxed for the 2023 and 2024 tax years.
The measure was designed to head off proposed ballot initiatives, including one from state Rep. Colin Larson, R-Littleton,. But those backers, including others backed by liberal and conservative groups, put down their metaphorical arms, right down to signing affidavits as political peace treaties.
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