Colorado’s hot property values are triggering tax cuts — and one local college is scrambling to offset the loss - Brian Eason, Denver Post

“We are certainly the largest (taxing) district that has made such an attempt,” said Glenn Davis, president of CMC’s Board of Trustees. “The concern that we’re all wrestling with at the moment is that … there may be a day where there’s no choice but to start raising tuition to cover the impacts that Gallagher might be creating.” Adopted in 1982, the constitutional provision known as Gallagher was designed to limit the tax burden of homeowners by requiring that businesses pay at least 55 percent of property taxes statewide. Most of the time, it’s a nonfactor. But this year, the booming housing growth on the Front Range has pushed home values above the threshold allowed under the state constitution. http://www.denverpost.com/2017/09/11/colorado-property-tax-cuts-college-fights-back/