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Posts tagged as “local tax districts”

As the dust settles on property taxes, local districts count their losses

As the dust settles after the overwhelming defeat of Proposition HH at the ballot box and the subsequent Colorado legislative overturning of the voter’s choice with a bill that closely resembled HH, the effects of the property tax plan are starting to come into focus. However, the long-term consequences of the series of knee-jerk reactions by state leaders are relatively unknown, even to the sponsors of the property tax relief plan. Locally, the 13 taxing districts in Custer County are seeing that while there will still be an increase in revenues, it appears that the amount received, at least at first, will be about 43% less than estimated at the start of the year. According to some early calculations compiled by Custer County Assessor J.D.…