CO HCR1006

Submits a constitutional amendment to Colorado voters at the November 5, 2024 general election creating a new annual property tax revenue growth limit for all taxing jurisdictions.

Limits each district's property tax revenue growth from existing taxable property to the TABOR state revenue growth percentage plus 2 percentage points, effective for property tax years beginning January 1, 2025.

Requires mill levies to be reduced if estimated revenue would exceed the district limit, unless approved by voters (for districts without TABOR excess spending approval) or by the governing body (for districts with such approval).

Allows districts to increase mill levies back to pre-reduction rates without voter approval as long as the increase does not cause property tax revenue to exceed the district limit.

Requires 55 percent voter approval for the amendment to become part of the state constitution.