1 year ago
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DENVER (KDVR) -- As home values are soaring across Colorado, so could the amount property owners pay in taxes. Gov. Jared Polis announced a plan Monday that would soften the impact of how much people will pay in property taxes in 2024.
The state already passed property tax relief in 2022, but this new plan would create a mechanism to provide relief over a longer term.
Last week, county assessors warned homeowners about valuations that are coming in the mail, as values shot up roughly 33% to 47% across the Denver metro area. The county's valuation of your property is the first step for calculating property taxes.
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