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House committee declines proposed four-payment property-tax option; bill postponed indefinitely
Summary
Representative Espinosa's bill to allow a four-payment option for property taxes in large counties prompted extensive testimony from county treasurers, school and small-business groups; after amendments narrowing scope to large counties and delaying implementation, the committee postponed the measure indefinitely.
Representative Katherine Espinosa introduced House Bill 11 99, a proposal to allow certain taxpayers a four-installment property-tax payment option (payments due February, April, July and September) for qualifying properties. The sponsor said the measure is intended to help homeowners and small business owners on limited or seasonal incomes who pay property taxes outside mortgage escrow.
The committee heard more than two hours of testimony from county treasurers, state fiscal staff, local officials and supporters. County treasurers representing El Paso, Larimer, Garfield, Mesa, Routt and other counties strongly opposed the bill, calling it an unfunded mandate that would require software changes, additional staff and cash-flow adjustments for school districts and other taxing authorities.
El Paso County…
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