04/17/2026
This is a win for Colorado residents. 👏
HB 1119, “Authority for Different Mill Levy Rates,” has been defeated in committee.
This proposal would have fundamentally restructured Colorado’s property tax system by allowing land to be taxed at a higher rate than the structures built on it.
Its defeat stops a policy that would have:
• Disproportionately impacted retirees, those on fixed incomes, and low- to moderate-income homeowners
• Increased the risk of displacement as rising land values drove higher property taxes
• Created new barriers for first-time buyers and those in affordable housing programs
• Distorted the housing market by favoring higher-density rental properties over homeownership
• Exacerbated Colorado’s housing shortage by pushing homeowners out of their communities
Thank you to the REALTORS® who took action and helped protect a fair and predictable property tax system.
