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Democrats plan new homestead measure to lower taxes – BizWest

Posted on AllSides April 23rd, 2024

DENVER — A Democratic proposal about property taxes would create a new homestead exemption as a means to reduce what homeowners owe, and work to limit spikes in taxes such as those seen by property owners this year.

The Colorado Sun reported that the measure would exempt 10% of a residence’s value from taxation, among other terms.

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