New Colorado Property Tax Relief Law Replaces Proposition HH

Proposition HH failed, but after a special session, a new Colorado property tax relief measure has been passed as its replacement.

Houses on a residential street in Colorado
(Image credit: Getty Images)

Proposition HH could have significantly changed property taxes for Colorado homeowners for at least 10 years. But the measure required voter approval.

A "yes" vote on Proposition HH would have limited property tax increases and lowered property taxes owed. However, according to the Colorado Legislative Council, the measure would have also allowed "the state to keep additional money that would otherwise be refunded to taxpayers.” In other words, Proposition HH could have lowered property taxes across the state but could have also also reduced TABOR (Taxpayer Bill of Rights) refunds.

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Katelyn Washington
Former Tax Writer

Katelyn has more than 6 years of experience working in tax and finance. While she specialized in tax content while working at Kiplinger from 2023 to 2024, Katelyn has also written for digital publications on topics including insurance, retirement, and financial planning and had financial advice commissioned by national print publications. She believes knowledge is the key to success and enjoys providing content that educates and informs.