Monthly Archives: September 2020

The Eagle Chamber of Commerce’s Board of Directors voted to support the repeal of the Gallagher Amendment / Amendment B on the November 3 ballot. The Gallagher Amendment was added to the Colorado State Constitution in 1982 by the voters to protect homeowners from rising property tax assessments, and to ensure that businesses contribute their [...]

FAQ – Amendment B 1. What is the Gallagher Amendment? It deals with your property taxes. In 1982, the Gallagher Amendment established a formula that splits the total property tax burden between residential (homeowners) and non-residential (commercial) property. Residential property owners are collectively responsible for 45% of the total amount of state property taxes paid, [...]