PropTaxBrochOnlineVersion2018

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What’s In A Mill?
A mill levy is the “tax rate” that is applied to the assessed value of a property. One mill
is one dollar per $1,000 dollars of assessed value. Mill levies are determined by each
individual taxing authority such as the school, county, city, fire, water, sanitation, and
recreation districts. A property owner’s total mill levy will depend upon the districts
in which their property is located. County taxes are levied by the Board of County
Commissioners and city taxes are levied by the City Council. Special district taxes are
levied by their board of directors, and school taxes are levied by school boards. In
addition to each city like Greenwood Village establishing its own mill levy, there are
additional mill levies for given districts outlined on your property tax bill.
A Sample Property Tax Statement $500,000 home value
Taxing Entity Tax Levy Amount
Arapahoe County 13.856 $498.92
Arapahoe Library District 5.916 $212.98
Cherry Creek School District 49.703 $1,789.31
City of Greenwood Village 2.932 $105.55
Developmental Disability 1.000 $36.00
South Metro Fire Rescue 9.344 $336.38
Southgate Sanitation District 0.510 $18.36
Urban Drainage and Flood Control District 0.553 $19.91
Urban Drainage and Flood Control District (S. Platte) 0.058 $2.09
Total 83.872 $3,019.39
Greenwood Village Portion Of Your Property Tax
The Village’s mill levy of 2.932 accounts for less than 4% of the average resident’s
property tax rate. Therefore, on a home valued at $500,000, the Village receives roughly
$106 of the resident’s total annual property tax payment.
In addition, the property taxes collected are included in the Village’s general fund
revenues to provide essential services to citizens. From total city-wide revenues of
almost $47 million, the Village receives approximately $3 million from property taxes.
Of that, 32%, or just shy of $1 million, is attributable to residential properties.
Arapahoe County 17%
Arapahoe Library
District 7%
Did you know that Greenwood Village’s mill levy has
remained constant since 1997? Prior to 1997, the
Village increased its mill levy two times.
Other 2%
Cherry Creek School District 59%
South Metro
Fire Rescue 11%
City of
Greenwood
Village 4%