DENVER, CO – The House today passed Representative Marc Snyder’s legislation to create a commission to develop long-term solutions to rising property taxes in Colorado. HB23B-1003, passed by a vote of 39-21 and would create a task force to outline plans for short-term and long-term property tax relief.
“Combatting our state’s affordability crisis requires us to think broadly about ways to provide both short-term and long-term property tax relief for hard working Coloradans while protecting funding for schools, fire districts and the critical services Coloradans rely on,” said Rep. Marc Snyder, D-Manitou Springs. “My legislation would convene a task force, made up of both local and statewide leaders, to develop solutions to rising property taxes. Colorado Democrats are committed to making our state a more affordable place for everyone, and this legislation continues our ongoing efforts to provide property tax relief to Coloradans in all four corners of our state.”
HB23B-1003, would create the Commission on Property Tax task force to outline plans for long and short term property tax relief. The task force members would include legislators, a property tax administrator and different local government and community leaders. The goal of HB23B-1003 is to map out potential long-term solutions to property taxes that have been rising since Coloradans voted to repeal the Gallagher Amendment in 2020.
Under HB23B-1003, the task force would convene by the week of November 27, 2023, and deliver a report to the Legislative Council by March 1, 2024.