Amendment B: Repeal property tax assessment rate restrictions
October 21, 2020
For the past few weeks, Colorado television and the internet have been littered with commercials about Amendment B. This amendment seeks to repeal the nearly 40-year-old Gallagher Amendment, a provision in the Colorado constitution used to calculate property tax rates.
As it is now, residential property taxes make up 45% of the overall tax base, while nonresidential properties--primarily busine...