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If all Colorado’s fee enterprises, minus higher education, were instead funded by the state income tax, the state income tax would increase to 7.68%.
This report examines the expanded child-related tax credits in Colorado and how they impact poverty and incentives to work.
Under Initiative 108 for every $1,000,000 in value, a commercial or agricultural property owner will save $1,754 in property taxes between 2024 and 2026.
Property tax revenue increased by $2.4 billion dollars in 2024. The annual increase of 19% was the largest since 1975. Since 2019, property tax revenue has increased by $5.4 billion (55%) and has more than