Colorado

Jan 26, 2014 11:13 AM by Associated Press, Posted By: Annie Snead

Will flood victims pay property tax? Bill says no

LYONS, Colo. (AP) - People who lost their homes in last year's floods and wildfires in Colorado are still expected to pay property taxes. But Colorado lawmakers are considering a proposal that would have the state paying the bills instead.

Democratic Rep. Jonathan Singer, the sponsor of the proposal, says it's offensive for residents to have to pay taxes on properties that are no longer there.

Details of the legislation are still being finalized, but as the bill is currently written, homeowners would first pay their tax bill to counties before getting a tax credit from the state.

Some lawmakers and other stakeholders say they'd rather the affected homeowners didn't have to pay their pay property taxes first before getting a credit.

A hearing for the bill has not yet been set.

___

Read the bill:
House Bill 1: http://goo.gl/ToLXTx

(Copyright 2014 The Associated Press. All rights reserved.)

 

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