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The Gallagher Amendment was an amendment to the Colorado Constitution enacted in 1982 and repealed in 2020 concerning property tax. It set forth the guidelines in the Colorado Constitution for determining the actual value of property and the valuation for assessment of such property. [1] The Gallagher Amendment was a legislative referendum [2 ...
Proponents accredit much of Colorado's economic prosperity in the period immediately following adoption of the law to the limit and its effect on government spending and taxes . When Colorado voters passed the law that decriminalized marijuana, the voters approved using tax money generated from marijuana sales for schools, police, and drug ...
The Colorado Department of Local Affairs (DOLA) is the principal department of the Colorado state government responsible for local government assistance, property taxation, property assessment appeals, affordable housing, and housing construction regulation. Structure. DOLA is composed of 4 divisions: Board of Assessment Appeals
Despite seeing assessed home values soar by double digits, Colorado voters on Tuesday rejected a measure that would have lowered property tax bills for homeowners in return for decreasing a tax ...
Changes to Property Tax Laws. Changes to property tax laws occur on an individual state or local basis. In California, for example, Proposition 13 — passed in 1978 — states that a property’s ...
The Constitution of Colorado is the foremost source of state law. Legislation is enacted by the Colorado General Assembly, published in the Session Laws of Colorado, and codified in the Colorado Revised Statutes. State agencies promulgate regulations in the Colorado Register, which are in turn codified in the Code of Colorado Regulations.
The Constitution of the State of Colorado is the foundation of the laws and government of the U.S. state of Colorado. The Colorado State Constitution was drafted on March 14, 1876; approved by Colorado voters on July 1, 1876; and took effect upon the statehood of Colorado on August 1, 1876. As of 2020, the constitution has been amended at least ...
The homestead exemption is a legal regime to protect the value of the homes of residents from property taxes, creditors, and circumstances that arise from the death of the homeowner's spouse. Such laws are found in the statutes or the constitution of many of the states in the United States. The homestead exemption in some states of the South ...