Two conservative groups backing a 2024 ballot measure to slash Colorado’s property tax rates say they’ve submitted nearly 200,000 voter signatures in support of their initiative to the secretary of state’s office.
That total far exceeds the minimum threshold of 124,238 valid signatures required for Proposed Initiative 108, backed by Advance Colorado and Colorado Concern, to qualify for the 2024 ballot, where it would join Proposed Initiative 50, a companion measure supported by the same groups. Initiative 108 would cut property tax assessment rates beginning next year, while Initiative 50 would cap their future growth at 4 percent annually.
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