DENVER — State House and Senate Democratic leaders on Thursday revealed their proposed solution to soaring property taxes in Colorado: Increase the value exemption for residential properties by thousands of dollars and decrease the assessment rate.
That would result in homeowners paying less in property taxes, though how much exactly would depend on the value of the property.
The proposal notably leaves out any property tax relief for commercial, hotel, lodging, agriculture or other non-residential properties.
Colorado lawmakers will tackle the proposal during a special session that begins at 9 a.m. Friday.
And despite the request from Gov. Jared Polis for bipartisan solutions, some of the Democratic leaders sent this message to Republicans: Their bills aren't serious.
>Read the full story on Colorado Politics
More from 9NEWS on property taxes:
> Top stories from 9NEWS curated daily just for you! Sign up for the 9NEWSLETTER right now to get can’t-miss stories, Next and Broncos content, weather and more delivered right to your inbox.
SUGGESTED VIDEOS: Next with Kyle Clark
9NEWS+
Watch more from 9NEWS on the free 9NEWS+ app for Roku and Fire TV.
9NEWS+ has multiple live daily shows including 9NEWS Mornings, Next with Kyle Clark and 9NEWS+ Daily, an original streaming program. 9NEWS+ is where you can watch live breaking news, weather updates, and press conferences. You can also replay recent newscasts and find videos on demand of our top stories, local politics, investigations and Colorado specific features.
To download 9NEWS+ on Roku search for KUSA.
To download 9NEWS+ on Fire TV search for 9NEWS.