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Colorado Property Tax Rate Reduction Initiative (2022)
| Colorado Property Tax Rate Reduction Initiative | |
|---|---|
 | |
| Election date November 8, 2022 | |
| Topic Taxes and Property | |
| Status Not on the ballot | |
| Type State statute | Origin Citizens |
The Colorado Property Tax Rate Reduction Initiative (#14) was not on the ballot in Colorado as an initiated state statute on November 8, 2022.
Measure design
The initiative would have reduced the residential property tax assessment rate from 7.15% to 6.5% and the non-residential property tax assessment rate from 29% to 26% beginning in 2023.[1]
Text of measure
Ballot title
The ballot title was as follows:[1]
| “ | Shall there be a change to the Colorado Revised Statutes concerning a reduction in property tax assessment rates, and, in connection therewith, beginning with the property tax year commencing on January 1, 2023, reducing the residential assessment rate from 7.15% to 6.5% and reducing the assessment rate for all other property, excluding producing mines and lands or leaseholds producing oil or gas, from 29% to 26%?[2] | ” |
Full text
The full text is available here.
Path to the ballot
The state process
In Colorado, the number of signatures required to qualify an initiated state statute for the ballot is equal to 5 percent of the total number of votes cast for the office of Colorado secretary of state in the preceding general election. State law provides that petitioners have six months to collect signatures after the ballot language and title are finalized. State statutes require a completed signature petition to be filed three months and three weeks before the election at which the measure would appear on the ballot. The Constitution, however, states that the petition must be filed three months before the election at which the measure would appear. The secretary of state generally lists a date that is three months before the election as the filing deadline.
The requirements to get an initiated state statute certified for the 2022 ballot:
- Signatures: 124,632 valid signatures
- Deadline: August 8, 2022
The secretary of state is responsible for signature verification. Verification is conducted through a review of petitions regarding correct form and then a 5 percent random sampling verification. If the sampling projects between 90 percent and 110 percent of required valid signatures, a full check of all signatures is required. If the sampling projects more than 110 percent of the required signatures, the initiative is certified. If less than 90 percent, the initiative fails.
Details about this initiative
- Lindsey Singer and Michael Fields filed the initiative on January 29, 2021. Ballot language was provided for the measure on February 17, 2021. The title expired before the measure was cleared to circulate.[1]
See also
External links
- Full text
- Colorado Secretary of State: Initiative Filings, Agendas & Results
- Initiatives filed with the Legislative Council Staff
Footnotes
- ↑ 1.0 1.1 1.2 Colorado Secretary of State, "Initiative Filings, Agendas & Results," accessed February 5, 2021
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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