One of the great things about living in Colorado is the Taxpayer Bill of Rights (TABOR). Passed about 30 years ago, it ensures that municipalities and counties cannot raise your tax rates without a vote of the people.
Currently, property tax rates in Glenwood Springs are roughly 0.5% of the home's value. While the rate stays stable, your taxes can still go up if the value of your home increases. The good news? If you feel the county has over-valued your home, you have the right to appeal. Understanding how your tax bill is calculated is key to managing your long-term housing costs.
