BRECKENRIDGE ~ At Colorado Mountain College's Breckenridge campus, Governor Polis discussed the property tax relief provided to Coloradans during the 74th General Assembly's special session and highlighted the importance of action from local governments to provide even further relief.

The Governor noted that the recent successful special legislative session led to the approval of new laws delivering historic property tax relief that, combined with previously passed property tax relief, will subtract $55,000 per home from state property tax valuation and reduce the residential assessment rate to 6.7%. This will result in an average savings of about $505 on their 2023 property tax bill for Coloradans living in a $500,000 home.

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Governor Polis urged local governments to build on this work by utilizing recent legislation he signed that allows local governments to temporarily lower tax rates. He applauded Colorado Mountain College's special district for providing community members with property tax relief and encouraged other local districts to follow their lead.

The Governor concluded his remarks by emphasizing the importance of action from local governments in providing further immediate relief for hardworking Coloradans. He stated that this would save Coloradans money and help keep our communities affordable.

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