La Plata County Finance Director Adam Rogers told the La Plata County Board of County Commissioners if Proposition HH passes in November, he estimated the property tax savings to a median La Plata County homeowner would be about $5 a year, but the impact to the county would be about $565K loss in revenue in a year.  Also, if Proposition HH passes, the Colorado Sun reports that TABOR refunds would be roughly $850 for single filers and $1,700 for joint filers. If Proposition HH fails, TABOR refunds would be tied to income levels, ranging from $454 for single filers in the lower income range to $2,688 for joint filers in the highest income range.

Proposition HH aims to increase the state’s cap on tax collection and reduce the tax burden on property owners. The measure will be put to a vote in November