TABOR (Taxpayer's Bill of Rights) in Colorado:
Question & Answer
Review the question and all answer choices
Has no effect on property taxes
TABOR significantly impacts property taxes in Colorado. It requires voter approval for any new taxes or tax rate increases, including property taxes. Additionally, TABOR mandates that governments refund excess tax revenues to taxpayers, which directly affects property tax collections and limits local government's ability to increase property tax revenue without voter consent.
Limits government revenue and spending increases
Only affects state income tax
TABOR affects multiple tax types in Colorado, not just state income tax. It applies to property taxes, sales taxes, and other government revenue sources at both state and local levels.
Was repealed
TABOR was not repealed. It remains a constitutional amendment in Colorado since its adoption in 1992, though there have been subsequent modifications through other ballot measures.
Why is this correct?
TABOR specifically limits government revenue and spending increases by requiring voter approval for tax increases and restricting government growth. This constitutional amendment applies to all levels of government in Colorado, affecting both state and local tax collections, including property taxes.
Continue Learning
Explore this topic in different formats
More Transfer of Title Videos
Continue learning with related video lessons
Ready to Ace Your Real Estate Exam?
Access 2,000+ free video lessons covering all 11 exam topics.