CO SCR001

Submits a constitutional amendment to Colorado voters on November 3, 2020, to repeal the requirement that the General Assembly periodically adjust the residential property assessment rate to maintain the statewide proportion of residential property taxation.

Repeals the 29 percent assessment rate for nonresidential property, eliminating the statutory obligation to adjust residential assessment rates to keep residential property at a consistent statewide valuation proportion.

Ballot title frames the amendment as preserving funding for local fire protection, police, ambulance, hospital, and K-12 education services while avoiding automatic mill levy increases without raising property tax rates.

Amendment becomes part of the state constitution if a majority of electors voting on the ballot title vote "Yes/For."