Fiscal Policy & Taxes Residential Assessment Rate and the Gallagher Amendment Subject: Fiscal Policy & Taxes Local Government Education & School Finance (Pre & K-12) Published: March 9, 2017 Agency: Legislative Council Staff A video presentation about Colorado property taxes and the Gallagher Amendment. It is anticipated that the residential assessment rate will be reduced for the first time in 14 years, impacting homeowners and the tax base of every local taxing jurisdiction in the state. (10 minutes 49 seconds, 136 MB). Download Document