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Bruce authored two measures, Issues 200 and 201, which appeared on the November 2006 Colorado Springs election ballot, and would have reduced the city's sales tax rate, eliminated its property tax, and restricted the city's ability to borrow money. [74]
When Colorado voters passed the law that decriminalized marijuana, the voters approved using tax money generated from marijuana sales for schools, police, and drug education. However, the tax money might end up not being used for any of those programs. The Taxpayer's Bill of Rights restrains the state's ability to tax and spend.
The Gallagher Amendment was an amendment to the Colorado Constitution enacted in 1982 and repealed in 2020 concerning property tax. It set forth the guidelines in the Colorado Constitution for determining the actual value of property and the valuation for assessment of such property. [1] The Gallagher Amendment was a legislative referendum [2 ...
Despite seeing assessed home values soar by double digits, Colorado voters on Tuesday rejected a measure that would have lowered property tax bills for homeowners in return for decreasing a tax ...
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Property tax is rarely self-computed by the owner. The tax becomes a legally enforceable obligation attaching to the property at a specific date. Most states impose taxes resembling property tax in the state, and some states also tax other types of business property.
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