Colorado voters have a choice this November: trade relief from increasing property tax rates in exchange for smaller refunds for all taxpayers. If approved, Proposition HH would reduce assessed property valuations for the next 10 years and backfill lost revenues to local governments by allowing the state to retain more tax revenue from TABOR refunds. Before you vote your ballot, take a listen as Brownstein’s Caitlin Quander and Andi Stader go over the particulars of the ballot question, impacts on commercial real estate, how it implicates TABOR and how it would effect education funding and rent relief.
This document is intended to provide you with general information regarding Proposition HH in Colorado. The contents of this document are not intended to provide specific legal advice. If you have any questions about the contents of this document or if you need legal advice as to an issue, please contact the attorneys listed or your regular Brownstein Hyatt Farber Schreck, LLP attorney. This communication may be considered advertising in some jurisdictions. The information in this article is accurate as of the publication date.