DENVER ~ Colorado Governor Jared Polis is urging counties, municipalities, and special districts to consider reducing their mill levies in order to provide property tax relief for Coloradans. This comes after the successful completion of a special legislative session that passed a new law to reduce property tax valuations by $55,000 per home and reduce residential assessment rates to 6.7% across the state.

The Governor signed a law that permits local governments to temporarily lower their mill levy and provide additional property tax relief to their constituents. In letters sent out to local and special tax districts and school districts, Governor Polis wrote "Hardworking people in Colorado cannot afford a 40% increase in their tax bills, or even a 20% increase. Wages have not gone up by anything close to this amount, and high inflation and interest rates are creating an affordability crisis for many Colorado families."

More on Colorado Desk

• Colorado Springs: Jessie Kimber inducted as Fort Carson Good Neighbor
• ScreenPoints Puts Film Investors in the Credits—and in the Money With New FinTech Platform
• Pathways to Adulthood Conference May 17 at Melville Marriott Honoring NYS Assembly Member Jodi Giglio, Suffolk County Legislator Nick Caracappa
• Adster Techologies awarded US Patent for breakthrough innovation in reducing latency in Ad Serving
• Colorado: Governor Polis: Real Results Delivered for Coloradans in 2025 Legislative Session

The Governor also praised Colorado Mountain College's special district for their plans to reduce their mill levy significantly across Eagle, Grand, Jackson, Lake, Garfield, Pitkin, Summit, and Routt counties. The college plans to reduce its mill levy to keep revenue growth near inflation (5.7%).

In addition to the new law passed during the special legislative session that will save Coloradans money on their 2023 property tax bill from the statewide efforts, Governor Polis also signed a new law yesterday creating a property tax task force which drew bipartisan support from county commissioners. He has asked the Department of Local Affairs (DOLA) to provide guidance on options that local governments can take in order to lower rates this year while preserving budgetary flexibility.

Governor Polis concluded his letter by saying "If we all work together - the state and every local government - we can ensure homeowners throughout Colorado are protected." He believes that each of Colorado's four thousand taxing jurisdictions should be part of this solution by reducing rates even if it is only by a small amount.

---

Show All News | Report Violation