Legal opinion refuting claims A73 would alter assessment rates for non-school taxing entities
Certain parties have suggested that Amendment 73 would reduce the property tax revenue available to local governmental entities like Colorado counties and fire districts. This is not true. While Amendment 73 would make modifications to the assessment rates applicable to property taxes levied by school districts, its provisions would not affect property taxes levied by any other local government. In particular, nothing in Amendment 73 would affect the calculation used to determine the generally applicable residential assessment rate, which would continue to be calculated the same way it is today if Amendment 73 passes. Amendment 73 would not replace the assessment rates that are applicable to other local governments such as counties and fire districts.