+- Bar-K / JT BB (https://bar-k.org)
+-- Forum: Our Community Bulletin Boards (https://bar-k.org/forumdisplay.php?fid=29)
+--- Forum: Bar-K Ranch / Jamestown / Ward BB (https://bar-k.org/forumdisplay.php?fid=30)
+--- Thread: Proposition HH gives property tax relief - I'm voting yes - here's why (/showthread.php?tid=2607)
Proposition HH gives property tax relief - I'm voting yes - here's why - RobertH - 10-16-2023
Here's an article in Colorado Sun on Proposition HH which provides property tax relief:
https://coloradosun.com/2023/10/11/proposition-hh-colorado-ballot-explained/
I found Colorado Sun to be a transparent source - if they have a bias, it's not apparent ... but
unlike some of the mailers I've gotten, you know who they are.
In the article they provide a savings calculator that looks unbiased as it's from the state government.
https://hhcalc.apps.coleg.gov/calculators
You'll need your property value from here:
https://maps.boco.solutions/propertysearch/
If HH passes:
Everyone gets a Tabor refund of $832,
Property tax increases are limited to 4%
Senior exemption becomes portable in 2025 (important for downsizing).
If you're making over 157K/year you'll pay $221/year more - however,
it looks like your property valuation is still capped at the 4%, which is a benefit.
The > $157,000 case doesn't apply to me, so I haven't researched it very well -
however, I include it in the interest of the best transparency I can offer.
With the valuation rise limit, and the portability of exemptions for seniors,
it seems like it would be beneficial for high income folk too.
If you want to refute any assertions made here,
and especially if you find factual errors, please reply.
You can post anonymously
with userid AnonHH and password Ballot.