Colorado is deciding if homeowner tax relief can come out of a refund that's one-of-a-kind in the US

AP2006

Colorado residents are deciding whether to siphon off a state tax refund that’s unique in the U.S. to help homeowners offset hikes in property taxes after years of rising home prices.

If passed in the election Tuesday, the proposition would lessen property tax increases for homeowners over the next decade in return for decreasing a state tax refund called the Taxpayer Bill of Rights or TABOR.