Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Monday, January 5
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Property»REP WEISSMAN: Here’s a plan to keep local property tax control local
    Property

    REP WEISSMAN: Here’s a plan to keep local property tax control local

    August 26, 20244 Mins Read


    After years of increasing home values, no one loves property taxes, but they are how we fund our schools, counties, and “special districts” that fight fires, provide drinking water, maintain parks and libraries and more.

    As Supreme Court Justice Oliver Wendell Holmes, Jr. put it over 100 years ago “Taxes are what we pay for civilized society.”  In Colorado, property taxes are LOCAL taxes paid to LOCAL governments – not the state.

    State Rep. Mike Weissman

    So it’s fair to wonder why there’s been a lot of discussion recently about STATE ballot measures that would impact property taxes.  Or why, for the second time in less than a year, Gov. Jared Polis summoned the STATE legislature to a special session about property taxes.

    The short answer is: Our State Constitution and laws have mixed up the state in property taxation for a long time.

    But given the reality that our state is an economically and politically diverse place, we shouldn’t necessarily keep doing what we’ve been doing.  In fact, I think a lot of local government leaders and organizations that care about state and local government decisions in Colorado would rather we don’t.  A number of them have said so loudly and clearly, as recently as this past Friday, at a meeting of the state’s Property Tax Commission.

    That is why, as the Legislature convenes this week, state Sen. Chris Hansen, D-Denver, and I will introduce a measure that, if passed by the requisite two-thirds of both the House and Senate, will allow voters statewide to consider whether they want to stop voting on each other’s property tax bills, while retaining the right to vote on their own.

    Wherever you live in Colorado, you pay property taxes to your school district and your county.  You may also pay property taxes to one or more special districts, and possibly to a “metropolitan district” associated with the development of your residential community.  We all expect the ability to vote on LOCAL taxes related to funding OUR LOCAL governments.

    Because of how property tax laws work right now, statewide property tax ballot measures do a lot more than this.  But one size does not fit all.

    For example, when a voter in Douglas County (generally a conservative county) votes yes on a statewide measure to cut property taxes, that impacts local government funds in the San Luis Valley.  However, Douglas County is an exurban, affluent, fast-growing area, and the San Luis Valley is a rural, agricultural area in which some counties are actually losing population.

    Or, consider a different statewide ballot measure, say to increase taxes on commercial property (like office buildings or warehouses).  If a voter in Boulder County (generally a pretty liberal county) votes yes, that same yes vote contributes to increasing taxes in conservative areas, such as Mesa County, that probably have a lower tax philosophy.  Again, this is in the context of LOCAL government and LOCAL taxes like property taxes (contrasted to income taxes, which we pay to fund state government, of which we’re all a part).

    Compared to other states, Colorado has a pretty live-and-let-live philosophy.  We want to be able to walk our chosen path, and as long as others aren’t keeping us from doing that, most of us are OK if others walk their own chosen paths.

    In the parlance of government, this live-and-let-live approach is called “local control.”  “Home rule” cities and towns (including Aurora) possess authority that would otherwise be a matter for state government.  Our 64 counties all choose their own commissioners (or councilors, in Broomfield and Denver) and can, and do, choose to do things differently.  Our 178 school districts across the state educate from fewer than 100 to over 80,000 students.

    Currently however, property tax law treads on local control by putting voters in the position of voting to cut, or potentially raise, local property taxes in parts of our state far from their own, even if they don’t want to be in that position.

    We can change this.  The special legislative session this week will move quickly, and the dominant focus will be on legislation intended to avoid billions of dollars of cuts to schools and other critical services.  I hope, in addition, the Legislature will seriously consider the need to truly keep LOCAL taxation LOCAL.  If the Legislature does not act on this subject this week, it must do so in the near future, for the sake of stability of communities across Colorado.

    Democratic State Rep. Mike Weissman represents House District 36 in Aurora, Arapahoe and Adams counties.

    Related



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleIf I’d put £5k in Roll-Royce shares 5 years ago, here’s what I’d have now
    Next Article Investor Update Webcast – FY24 Financial Results

    Related Posts

    Property

    UK property hotspots revealed – see how your area fares for price rises

    January 4, 2026
    Property

    Property industry remains an enemy within for Beijing’s economic targets

    January 4, 2026
    Property

    Victorian property with self-contained annex on the market

    January 3, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Property

    H&H: Penrith property market has ‘buoyant’ start to 2025

    April 4, 2025
    Bitcoin

    Bitcoin Price Hits New ATH Above $123,000 With Rate Cut Expectations

    August 13, 2025
    Stock Market

    Busy US earnings week confronts market

    April 20, 2025
    What's Hot

    Le Bitcoin maintient les 84 000 $ face à l’augmentation des risques de liquidation

    March 27, 2025

    Why Digital Records Are Key to Surviving HMRC Property Investigations

    April 29, 2025

    Le marché NFT glisse en mai malgré la croissance et les gains de l’acheteur de Bitcoin, Avalanche

    June 2, 2025
    Most Popular

    More evidence of late cycle iPhone strength: Morgan Stanley By Investing.com

    August 15, 2024

    US looks to resurrect more nuclear reactors, White House adviser says

    October 8, 2024

    The UK housing crisis explained: Everything you need to know

    March 14, 2025
    Editor's Picks

    U.S. stocks jump as Fed chair Jerome Powell opens door to interest rate cut

    August 22, 2025

    Gold and Silver Shine as Treasury Risks Mount

    December 10, 2025

    Bitcoin miner Marathon to sell notes to buy more Bitcoin

    August 12, 2024
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.