Land Use & Zoning
Colorado's 'Gallagher Amendment' (before its 2020 repeal) affected real estate by:
ASetting maximum property tax rates for all properties
BFixing the ratio between residential and non-residential assessed property values✓ Correct
CRequiring all property transactions to be reported to the state
DMandating environmental review for all commercial development
Explanation
The Gallagher Amendment (passed 1982, repealed 2020) constitutionally fixed the ratio of residential to non-residential property assessment, which caused residential assessment rates to decline as residential property values grew faster. Its repeal in 2020 froze assessment rates.
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Key Terms to Know
Zoning
Local government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
Adverse PossessionA doctrine by which a person can gain legal title to another's land by openly, continuously, and adversely occupying it for a statutory period.
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