GV Property Tax Final
In depth information regarding how much property tax is collected and where it is distrubuted.
In depth information regarding how much property tax is collected and where it is distrubuted.
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What’s In A Mill?<br />
A mill levy is the “tax rate” that is applied to the assessed value of a property. One mill<br />
is one dollar per $1,000 dollars of assessed value. Mill levies are determined by each<br />
individual taxing authority such as the school, county, city, fire, water, sanitation, and<br />
recreation districts. A property owner’s total mill levy will depend upon the districts<br />
in which their property is located. County taxes are levied by the Board of County<br />
Commissioners and city taxes are levied by the City Council. Special district taxes are<br />
levied by their board of directors, and school taxes are levied by school boards. In<br />
addition to each city like Greenwood Village establishing its own mill levy, there are<br />
additional mill levies for given districts outlined on your property tax bill.<br />
A Sample <strong>Property</strong> <strong>Tax</strong> Statement<br />
Per $500,000 home value<br />
<strong>Tax</strong>ing Entity T ax Levy Amount<br />
Cherry Creek School District 5 49.724 $1,777.62<br />
Arapahoe County 12.013 $429.46<br />
South Metro Fire Rescue District 9.250 $330.69<br />
Arapahoe Library District 5.810 $207.71<br />
City of Greenwood Village 2.932 $104.82<br />
Developmental Disability 1.000 $35.75<br />
Urban Drainage & Flood Control District 0.900 $32.18<br />
Castlewood Water Sanitation District 0.867 $31.00<br />
Urban Drainage & Flood Control District (So. Platte) 0.100 $3.58<br />
Total 82.596 $2,952.81<br />
Did you know that Greenwood Village’s mill levy<br />
has remained constant since 1997? Prior to 1997,<br />
the Village increased its mill levy two times.
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