While the election isn’t over for the candidacies, there are a handful of measures that will affect us as real estate investors.

Ballot measure 2B asked voters to approve a 0.25% sales-and-use tax increase (which amounts to 2.5 cents per $10 purchase) for services for the city’s homeless population. While it might be only .25%, it might be worth a look in evaluating any vendor agreements that you have to determine if your expenses could change. (Denver Only)

The biggest one that could impact our bottom line state-wide is Amendment B.

Colorado voters have passed Amendment B, which asked to repeal the Gallagher Amendment. This portion of Colorado law impacts the residential assessment rate for which property taxes are calculated.

The Gallagher Amendment was passed in 1982 to limit then-skyrocketing residential property taxes. It says only 45% of the states property tax revenue can come from residential properties, while the other 55% comes from commercial ones. This has caused decreases in the residential assessment rate despite double-digit increases in home values. If residential property taxes decrease, local governments, police, fire, schools, libraries and anything else that your property taxes pay to fund will likely receive fewer dollars. On the other hand, you'll pay less in property taxes.

What are your thoughts on these and any other NON CANDIDATE results do you think will affect your real estate business?

(This is not a thread for discussing the candidates and their positions and prognosticating on what could become as a result.)