What’s Happening To Your Property Taxes?

Last Updated: June 2, 2023

Welcome to 2023 - Colorado’s Largest Property Tax Increase in State History

If you’ve received your 2023 notice of property valuation, you’re now well aware that you are being hit with the largest property tax increase Colorado State history. Not only are we at some of the highest inflation rates, but the State of Colorado has decided that they haven’t taken enough from you yet.

With the statewide passage of Amendment B in 2020, the voters of Colorado repealed the Gallagher Amendment, removing a key safeguard to large tax increases.

Since the passage of Amendment B, Colorado legislators have done very little to help you with the large increases. They have passed several bills in the State's favor while squashing a Citizen’s referendum to make sure they take more of your money now and in the future.

The bill effort by the State of Colorado to keep more of your money by way of property taxes is Proposition HH, which is a Lose-Lose proposition for Colorado residents.

Colorado citizens are facing the largest property tax increase in the State’s history. For Broomfield residents, the average property tax increase is 40%.

What is the State of Colorado’s solution? Proposition HH - A Lose Lose for Colorado and Broomfield residents.

  • They Have Made Colorado Unaffordable

    With the passage of Amendment B in 2020, the State of Colorado has set the stage for the large property tax increase in state history. While our elected representatives at the State Legislature and our local City Council are claiming they want to make housing affordable, their policies are doing exactly the opposite.

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  • Their "Solution" Is A Lose-Lose for Coloradoans

    Rather than give Coloradoans real relief from the huge property tax increase that they created for you, the State Legislature and Governor Polis are presenting you with a ridiculous choice. Either be hit with the largest property tax in Colorado history, or be hit with a slightly lower (but still the highest) tax increase in Colorado history in 2024 in exchange for giving up your TABOR refunds - forever.

    This is a Lose-Lose proposition for you and your family’s already strained budget.

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  • Demand Real Tax Relief - Not a False Choice

    Governor Polis and the State Legislature are counting on you to just accept the choice you have been given. By voting for Proposition HH, they are extorting your future TABOR refunds and effectively destroying the only safe guard we have to slow down their reckless spending.

    Now is the time to stand up, tell our elected representatives that the “choice” they have given Coloradoans is unfair and irresponsible - they need to come up with a better solution.

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Housing in Colorado - Becoming Less Affordable

City and County of Broomfield Budget Increases

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State of Colorado Budget Increases

    • State Budget up 97% in FY2021-2022 since 2017

    • Many extra taxes and regulation pushed on taxpayer

      • Passenger Mile Tax

      • Pari-Mutuel Racing Tax

      • Amendment 35 Taxes

Property Tax Windfall for the State and Broomfield

    • If Gallagher had passed, property taxes on a $500,000 property would have gone from $4216 to $3585, a savings of $631 per year, or $53 per month

    • SB21-293 on a $500,000 property only saved you $118 per year or about $10 per month

    • SB22-238 saved you an extra $229 per year or about $20 per month

    • Because your property value went up about 40%,, taxes on what is now a $700,000 property went up about $1600 per year or $133 per month

    • SB23-303, if passed, will only save you $330 per year if property value is $700,000

    • Excel Spreadsheet Calculations

The State’s “Solutions” to Higher Property Tax are No Solution

Consequences of Amendment B / Gallagher Repeal

    • The legislature misled led you by making you think property taxes would not increase, their wording “will not increase property tax rates”

    • property tax values increased, rates did not

    • also, they wanted you to believe that schools and fire districts would be impacted

    • Your tax rate would have been 6.08% if Gallagher had not been repealed, not the current 6.765%

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Failed Legislative Remedies

    • A citizen’s initiative, Proposition 120, would have lowered residential assessment rates to 6.55%, state legislature interfered

    • SB21-293, only lowered rates to 6.95% from 7.15%. On a $500,000 property value would have decreased property taxes from $4216 to $4098

    • Knowing they would lose support, legislature again passed a bad bill, SB22-238, which lowered tax rates from 6.95% to 6.765%, a savings per year of $118 on a $500,000

    • Property values in 2022 increased by 40% adding an extra $200,000 or a property tax increase of $1596.

Latest Attempt to Gut TABOR

    • State legislatures rushed to pass SB23-303 in the last week of the session.

    • It was an “extortion” plot to force you to vote for two bad choices:

      • a YES vote- lose TABOR refunds forever

      • a NO vote-keep highest property taxes in history

    • Removes $166 million from the taxpayer’s TABOR refund FY2023-2024

    • Removes $358.6 million from the taxpayer’s TABOR refund in FY2024-2025

    • Returns residential assessment rate to 7.15% in 2033, no more TABOR refund

Demand Real Tax Relief, Not A False Choice

Appeal Your Property Tax Assessment by June 8

    • Get on Zillow, Homebot, or County Assessor Information Page or contact Real Estate Agent

    • Find three comparable properties between July 2020 and June 2022, decide a fair home value

    • Appeal to county assessor before June 8th

    • Write to Governor Polis and tell him to call a special session to fix this before the election.

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Contact Your State Representatives

Tell the Broomfield City Council to Lower the CCOB Mill Levy

    • Opertating Fund Revenues are UP -projected 2027 revenues up 43.3% over 2021

    • Operating Fund Expenditures are UP - projected 2027 expenditures 47.5% over 2022

    • If City Council reduced mill levy from 28.868 to 20 mills would still put more money in their funds than before 2022. It would save you ~$340

Interested in more information? Please take a look at the property taxes details page.