Coloradans will head to the polls on Nov. 7 (Tuesday) to vote on Proposition HH, which if approved, could significantly change property taxes for Colorado homeowners for at least 10 years. However, knowing whether these changes are beneficial can be confusing and might depend on who you are.
A "yes" vote on Proposition HH would essentially limit property tax increases and lower property taxes owed. However, according to the Colorado Legislative Council, the measure would also “allow the state to keep additional money that would otherwise be refunded to taxpayers.” In other words, Proposition HH could lower property taxes across the state, but could also reduce popular TABOR (Taxpayer Bill of Rights) refunds.
