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Kiplinger
Kiplinger
Business
Gabriella Cruz-Martínez

DARK SECRETS: Colorado s new property tax reform could save you hundreds | Rare Historical Photos

House in Colorado.

After years of mounting property tax bills, Coloradans will finally get some relief.

Colorado Gov. Jared Polis recently signed a property tax bill into law that's estimated to save homeowners and local businesses more than $1 billion each year. The bipartisan measure will stop major property tax increases by instituting a statewide cap on annual property tax revenues and lowering assessment rates.

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