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Tag: Mill-levy freeze

Dems cheer, GOP blasts Supreme Court ruling on property-tax freeze

The Colorado Supreme Court ruled 6-1 Monday that a controversial property-tax law doesn't violate the Taxpayer Bill of Rights, known as TABOR, the state constitutional amendment that limits taxes and spending. A 2007 state law froze mill-levy rates in school districts that had already voted to "de-Bruce," or waive limits on property tax collection. Last year, the measure raised $117 million and is expected to garner $1.7 billion over 11 years.
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