Colorado metro district reform bill would create greater transparency for homebuyers

The Denver Post: Homebuyers and homeowners across thousands of Colorado metro districts would be better informed about the higher costs of living there, including just how high their property taxes could go, under a bill introduced Thursday in the state Senate.

Targeting roughly seven areas of Colorado existing special district laws, SB 21-262 touts greater transparency and would expand on how and the extent to which consumers are told about the metro district in which they live or are looking to buy into, including how they can become involved with a district’s board of directors and just how much their pocketbooks will be impacted by additional property taxes.

The bipartisan bill was introduced by Sen. Rachel Zenzinger, D-Arvada, and Sen. Bob Gardner, R-Colorado Springs, and is co-sponsored by Rep. Shannon Bird, D-Westminster, and Rep. Hugh McKean, R-Loveland.

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