Amendment B - Repeal Property Tax Assessment Rates
Summary: This is a repeal of the Gallagher Amendment that, in partnership with TABOR, has long fiscally crippled our state. The Gallagher Amendment divides the state's total property tax burden between residential and nonresidential (commercial) property. According to the Amendment, 45% of the total amount of state property tax collected must come from residential property and 55% from commercial property. As a result, in many counties where there is little commercial real estate, property tax revenues have fallen, and school funding has been reduced.
League position: SUPPORT (2019-2021 LWVCO Positions For Action, p. 38 - 45);
in summary: Support a state finance system that would equalize opportunity and relieve the property tax.
VOTE YES TO REPEAL THE GALLAGHER AMENDMENT