CO HB1209

Reduces the annual property tax revenue growth limit for local governments and special districts from 5.5% to 4% for property tax years from January 1, 2027 through January 1, 2033

Reduces the growth rate percentage for voter-waived jurisdictions from 5.25% to 4% (multiplied by the number of years in the reassessment cycle) during the same temporary period

Reduces the school district property tax revenue growth limit from 6% to 4% (multiplied by the number of years in the reassessment cycle) for the same six-year period

Existing voter authorizations to exceed or waive property tax limits will automatically apply to the new temporary lower limits unless the original ballot question specified otherwise

All temporary provisions automatically repeal on July 1, 2037, returning growth limits to their previous percentages