Colorado Springs Realtor - Cherise Selley - Measure 2C

From this past election of November 3^rd, the El Paso County voters made a definite statement by saying “NO” against raising property taxes.

Measure 2C would have increased property taxes to counterbalance budget shortages of nearly $30 million dollars for 2010.

While I’m a proponent of investing into parks and recreation, transit, as well as other city programs, from the perspective of a Colorado Springs Realtor, I do not believe it is reasonable to raise Colorado Springs Real Estate taxes on both residential and commercial properties to make these programs operate because of a budget deficit. And apparently, many voters feel similarly to me.

To raise property taxes would inevitable bog down the Colorado Springs Real Estate markets, especially the commercial market. Now isn’t the time to weigh down this segment of the market while national efforts are trying to stimulate the overall real estate economy.

Measure 2C was jam-packed with too many needs that would be placed on the property owner. Perhaps trimming the programs to fit a tighter budget might have been a better proposal? Or perhaps the suggestion of an increased sales tax?

From my experience, many Colorado Springs Realtors saw the disadvantages of 2C and are relieved at the recent election results.