Tax Credit Considered for Colorado Disaster-Destroyed Homes

Colorado residents who lost their homes in last year’s floods and wildfires still have to pay property taxes, but state lawmakers are trying to change that law.

A bill being heard in a House committee Wednesday would give homeowners whose homes were destroyed a tax credit to cover their property tax bill after they pay it, but the bill is likely to be amended.

Some lawmakers who support the idea of a tax break have said they don’t think the homeowners should get a property tax bill in the first place.

Legislative analysts have estimated the tax relief would cost the state $2.2 million.