[ad_1]
Sponsors said Senate Bill 233 will reduce commercial property tax assessment rates and home valuations.
DENVER — With at least three days left in the 2024 session for a bill to make it from start to finish, Gov. Jared Polis, lawmakers, and business group heads announced a deal on property tax legislation Monday.
The prime sponsors of Senate Bill 233 are Reps. Chris deGruy Kennedy, D-Lakewood and Lisa Frizell, R-Castle Rock, and Sens. Barbara Kirkmeyer, R-Weld County, and Sen. Chris Hansen, D-Denver, whose draft property tax bill got a thumbs down from the state’s property tax commission 10 days ago. It was back to the drawing board and days of negotiations between the Polis administration, Colorado Concern, the Colorado Chamber of Commerce, lawmakers, and others.
> The video above aired April 26: Some on commission tasked with property tax relief plan unimpressed with draft bill
Part of those negotiations included finding a Republican co-sponsor. They got at least four.
Senate Bill 233 will reduce commercial property tax assessment rates from 29% to 25% over three years. For homeowners, valuations would be reduced from 6.8% to 6.7%, along with a $55,000 reduction in home value upon which those valuations are based.
> Top stories from 9NEWS curated daily just for you! Sign up for the 9NEWSLETTER right now to get can’t-miss stories, Next and Broncos content, weather and more delivered right to your inbox.
SUGGESTED VIDEOS: Politics
9NEWS+ has multiple live daily shows including 9NEWS Mornings, Next with Kyle Clark and 9NEWS+ Daily, an original streaming program. 9NEWS+ is where you can watch live breaking news, weather updates, and press conferences. You can also replay recent newscasts and find videos on demand of our top stories, local politics, investigations and Colorado specific features.
To download 9NEWS+ on Roku search for KUSA.
To download 9NEWS+ on Fire TV search for 9NEWS.
[ad_2]
Source link
