Location: SCR 357
County Assessment Valuations and the Gallagher Amendment
COUNTY COURTHOUSE AND COUNTY JAIL FUNDING AND OVERCROWDING SOLUTIONS
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02:12 PM -- County Assessment Valuations and the Gallagher Amendment
Larson Silbaugh, Economist with Legislative Council Staff, presented on county assessment valuations and property taxes in Colorado. Committee members received a copy of his presentation slides (Attachment F). Mr. Silbaugh explained the role of the Gallagher Amendment in setting a target percentage of the property tax base that comes from residential valuations.
Mr. Silbaugh continued to discuss actual values in the property tax base and the 2017 reduction in the residential assessment rate. He responded to questions about the change in residential assessed value and the impact of residential assessments on special districts.