With home prices up more than 50%, some states try to contain property taxes

For retirees Tom and Beverly McAdam, the good news is the value of their two-bedroom home in suburban Denver has risen 45% since they purchased it more than six years ago.

That's also the bad news, costing them thousands more in real estate taxes and leaving less for discretionary spending.

"To pay the higher property taxes, it just means we've got to take more money out of our investments when it comes time to hit those big bills," Beverly McAdam said.

She backs a Colorado ballot proposal that could cap the growth of property tax revenue. It's one of several measures in states this year to li...

 

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