Renters don’t benefit from property tax cuts, experts tell Colorado legislative panel

https://img.particlenews.com/image.php?url=3mBqer_0wMTSuC200

A tower of downtown Denver residences is seen on Feb. 18, 2023. (Quentin Young/Colorado Newsline)

Experts told Colorado’s property tax commission on Thursday that rate cuts and tax decreases don’t often translate into savings for renters but that tax hikes can lead to higher rents.

This comes after three rounds — and two special legislative sessions — of rate cuts over the past year in the Legislature, and criticism from progressive lawmakers that the focus on the state’s property taxes benefits homeowners and ignores renters…

Story continues

YOU MIGHT ALSO LIKE

TRENDING ARTICLES