Colorado limits the total increase in tax revenue to the sum of the population increase and inflation increase. This typically 4% a year. Property taxes are th

Colorado limits the total increase in tax revenue to the sum of the population increase and inflation increase. This typically 4% a year. Property taxes are the assessed value scaled to this total. Its possible for the tax to decrease even if the assessed value increases, if the increase is less than the average increase. This model of taxation doesnt take into account that government gradually provides more new services, like more healthcare etc.