Authorize Local Government Land Value Tax

This constitutional amendment would allow local governments in Colorado to ask voters if they want to replace their standard property tax with a land value tax. Under this system, property owners would pay taxes based only on the value of their land, ignoring the worth of any buildings or improvements on it. The change requires approval from local voters through a ballot measure and would apply to all taxable land within a community, with specific rules for agriculture and clean energy projects. If approved, the law would also adjust how school funding is calculated and permit local officials to pair the new tax with reductions in other fees.