Answers to FAQs — 'Yes' on 1A

What will the impact on my property taxes be if this initiative passes?

Due to TABOR limitations, in 2019, a single family home valued at $400,000 received a reduction in property taxes of approximately $9 per month/$105 per year. Because the county would limit the additional revenue to $16.1M in 2020, the impact for 2020 is estimated to be half of that for the average homeowner, or about $4.50 per month/$54 per year.  For 2020, this represents an increase to the total county tax bill of about 2.7%.

The cost to businesses is estimated to be $9 per month per $100,000 of business property value.