Denver Votes "Yes" on Property Tax Increase

With almost 55% of the vote, Denver said "Yes" this past November to a permanent increase in property taxes. Officials say that the increase will amount to approximately $27 Million additional dollars per year which will be alotted for much needed maintenance of parks, buildings and city roads. How much will it affect the typical Denver homeowner? A property valued at $225,000 will see a annual tax increase of $50. This means many homeowners in our Central Denver and Cherry Creek neighborhoods will be paying $150 - $250 more per year in taxes.

Opponents of the tax increase say that it is redundant and unnecessary at this juncture in light of the bond issues 1D, 1E, 1F & 1G which passed as well and should accomplish the same goal.

Relative to other cities of similar size and clout, Denver has historically had very low property taxes. For this and many other reasons, our city is an attractive draw to businesses and relocating families. While this tax increase won't change that, some Denverites feel it is just the beginning and a building block to more tax increases for what would be considered more justifiable reasons in the near future.