Ballot Title Setting Board
2021-2022

The title as designated and fixed by the Board is as follows:

Funding available for counties, school districts, water districts, fire districts, and other districts funded, at least in part, by property taxes shall be impacted by a reduction of $1.3 billion in property tax revenue by an amendment to the Colorado constitution and a change to the Colorado Revised Statutes concerning the actual value of real and personal property for purposes of property taxation, and, in connection therewith, limiting the annual increase of a property’s value to inflation or to three percent, whichever is less; and allowing a property to be reappraised when a property suffers a decline in value or is in a county that has suffered a sustained economic downturn.

The ballot title and submission clause as designated and fixed by the Board is as follows:

Shall funding available for counties, school districts, water districts, fire districts, and other districts funded, at least in part, by property taxes be impacted by a reduction of $1.3 billion in property tax revenue by an amendment to the Colorado constitution and a change to the Colorado Revised Statutes concerning the actual value of real and personal property for purposes of property taxation, and, in connection therewith, limiting the annual increase of a property’s value to inflation or to three percent, whichever is less; and allowing a property to be reappraised when a property suffers a decline in value or is in a county that has suffered a sustained economic downturn?

Hearing March 16, 2022

Single subject approved; staff draft amended; titles set.
The Board determined that the proposed initiative requires the addition of language to the Colorado Constitution; a 55% vote is required to pass.
Board members: Hilary Rudy, David Powell, Ed DeCecco
Hearing adjourned 2:39 PM.

Rehearing April 6, 2022

Motion for Rehearing (Movants) denied.
Motion for Rehearing (Proponents) granted only to the extent that the Board made changes to the titles.
The Board determined that the proposed initiative requires the addition of language to the Colorado Constitution; a 55% vote is required to pass.
Board Members: Theresa Conley, David Powell, Ed DeCecco
Hearing adjourned: 2:50 PM.

* Unofficially captioned "Concerning Property Valuation" by legislative staff for tracking purposes. This caption is not part of the titles set by the Board.