Property tax rates in Colorado have been increasing over the last several years.
Power property taxes, however, are expected to increase again in 2018.
The increase in property taxes is expected to go up to $4,000, which would bring the average tax rate in the state to $18.57 per $100,000 of assessed value, according to the Colorado Department of Revenue.
That is a 4% increase over the previous year.
Property taxes in Colorado are currently about 12% higher than the national average, which means that Colorado residents have to pay more to get a better deal.
The state has had to increase its property taxes twice in the last decade, in 2015 and 2018.
A 4% tax increase will likely put more strain on the state’s already strained budget.