Denver Business Journal | Property owners face 18 percent tax increase

image_galleryDenver property owners beware: Get ready to pay higher property taxes in 2013.

They should expect an 18 percent increase from 2012 when they open their property tax bill in January, following the Nov. 6 voters’ passage of three referendums in the city.

Referendum 2A was sold to Denver voters as not being a tax increase. But the removal of a tax credit looks like one to commercial property owners, who are looking at an average jump of $3,550 per $1 million in property value.

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Re-posted by: Crosbie Real Estate Group

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