STATE:

Why NFIB

Take Action

Get Support

Stay Informed

Podcast Podcast

Careers Careers

Join Now

Home / News /

Will Proposition HH Take Away Your TABOR Refund Forever?

June 8, 2023 Last Edit: June 5, 2025

Will Proposition HH Take Away Your TABOR Refund Forever?

Looming increases in property tax assessments have all Colorado homeowners on edge but will Proposition HH help cushion the financial blow set to hit next year? “The politics of property taxes is not about property taxes,” Ben Murrey told NFIB members and their guests on a special, June 6 webinar organized by NFIB Colorado. “It’s about putting as much money into state coffers as possible … The state has a constitutional obligation to backfill revenues to local governments if they [local governments] don’t meet certain revenue thresholds, so the long and short of it is if property taxes go up, then the state obligation to pay money from their budget to local governments to help fund schools goes down, which frees up money to spend on other projects.” According to Murrey, director of the Independence Institute’s Fiscal Policy Center, that leaves just TABOR standing in the way of politicians’ unquenchable thirst to spend as many tax dollars as they can get their hands on. Property tax relief? According to Murrey state legislators and the governor already have the authority to reduce the levy. “The only reason why Proposition HH is on the ballot is to take away your TABOR refund forever. “You are going to see the largest property tax increase in Colorado history if voters adopt Proposition HH … and are eventually going to lose their TABOR refunds, not in Year 1 or Year 2 but at some point, it will happen.” Gallagher Misstep Murrey said the run at TABOR was emboldened by the repeal of the state’s Gallagher Amendment, which he conceded was not a perfect law but was “the only leverage, apart from TABOR, that property owners had to get something better than Gallagher [itself]. I believe it was foolish for the business community to jump on board in repealing Gallagher. What we did was give up the Gallagher Amendment for nothing in return and in doing so, we gave up all our leverage. Now that Gallagher is gone, the only leverage we have to get some kind of concession on property tax reform is TABOR.” Click the arrow below to listen to this highly informative, hour-long webinar on what lies ahead for TABOR. Below it is a slide from Murrey’s presentatation titled ‘What Happens After 2032.’

Topics:

Taxes

State:

Colorado

Get to know NFIB

NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.

Learn More

July 28, 2026

Colorado General Assembly Named a “Lawsuit Inferno” Again as Tort Costs Climb

Excessive litigation costs Colorado $12.7 billion in economic output and 105,746 jobs annually, while lawmakers push to expand liability

July 27, 2026

Shop Small During New Mexico’s Back-to-School Tax-Free Holiday

Certain back-to-school items will be exempt from sales tax from Friday, July 31-Sunday, August 2

July 27, 2026

Podcast: State Tax Hikes on the Ballot This Year

Experts on the Small Business Rundown discuss proposed state tax increases and the impact higher taxes would have on small businesses across the nation.

July 27, 2026

Northern Illinois Sales Taxes Increase August 1

The higher taxes in Northern Illinois are to fund the Chicago-area public-transit system

Will Proposition HH Take Away Your TABOR Refund Forever?

Related Articles