Who sets the assessment rate?
The "Gallagher Amendment" to the Colorado Constitution requires that a relationship be maintained, on a statewide basis, between the amount of property tax paid on residential property and the amount paid on nonresidential property. The state legislature sets the residential assessment rate once every two years to maintain that relationship. The assessment rate on nonresidential property is fixed at 29%. The residential assessment rate for 2011 and 2012 was 7.96%.

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1. Can I pay my property taxes with a credit card?
2. How are property taxes calculated?
3. How is my property value determined?
4. Who sets the assessment rate?
5. Who sets the mill levy?
6. Can I appeal my property taxes to the Assessor?