Proposition HH:

To Reduce Property Tax

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Here's why to vote for Prop HH:

• it provides property tax relief for homeowners and businesses at a time of rapidly increased property values;
   

• it maintains financial support for local service providers, including Douglas County K-12 public schools;
   

• it provides tax relief from now until 2032;
   

• the average household will pay $600 less in property taxes than without Prop HH;
   

• low and middle-income households will benefit the most; and
   

• tax rates will be reduced for small businesses and other non-residential property owners.

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Plus, Colorado will supplement the State Education Fund to help avoid funding setbacks for our K-12 public schools.

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Passage of Prop HH would also result in a fairer way of returning TABOR surplus dollars -- at a flat rate to all taxpayers regardless of their wealth (at a rate of $650 for single filers and $1,300 for joint filers).

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Right now, homeowners 65 and older, who have lived in their homes for 10 or more years, can get up to $100,000 of their property value tax-free (it is really 50% of the first $200,000 of the home’s value). 

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Proposition HH adds an additional reduction of $50,000 tax-free this year, for the property taxes you pay next year. In 2024 through 2032, it would be $40,000 additional, instead of $50,000. 

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If you move, you can take the benefit with you. Though, it would no longer be a separate exemption plus a property tax reduction. It would be one lump sum reduction of $140,000 from 2025 to 2032.