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Property Tax

May 10, 2024

SB24-233

Summary

The bill caps future increases of property tax revenue to 5.5% per year. School districts and home-rule local governments are excluded from the cap. A local government may seek voter approval to waive the limit. The bill also reduces the valuation of commercial property from 29% to 25% (of the actual value of the property) over the next four years.

Legislative Update

  • 2024-05-08 / Enrolled
    Senate Considered House Amendments - Result was to Concur - Repass
    House Third Reading Passed with Amendments - Floor
  • 2024-05-07
    House Second Reading Special Order - Passed with Amendments - Committee, Floor
    House Committee on Appropriations Refer Amended to House Committee of the Whole
    Introduced In House - Assigned to Appropriations

This content is updated every Thursday, but is not a comprehensive list of updates. If you have questions regarding a specific piece of legislation, please contact DGS partner, Sarah Kellner.

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