GV Property Tax Final

More documents

Recommendations

Info

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 Per $500,000 home value Taxing Entity T ax Levy Amount Cherry Creek School District 5 49.724 $1,777.62 Arapahoe County 12.013 $429.46 South Metro Fire Rescue District 9.250 $330.69 Arapahoe Library District 5.810 $207.71 City of Greenwood Village 2.932 $104.82 Developmental Disability 1.000 $35.75 Urban Drainage & Flood Control District 0.900 $32.18 Castlewood Water Sanitation District 0.867 $31.00 Urban Drainage & Flood Control District (So. Platte) 0.100 $3.58 Total 82.596 $2,952.81 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.
Police Services 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, per $500,000 home value, the Village receives roughly $105 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 $55.3 million, the Village receives approximately $4.2 million from property taxes. Of that, 32%, or just over $1.4 million, is attributable to residential properties. Arapahoe County 15% Arapahoe Library District 7% Other 3% Cherry Creek School District 60% South Metro Fire Rescue 11% City of Greenwood Village 4%
Page 1 and 2: RESIDENTIAL PROPERTY TAXES Where Do
Page 3 and 4: Property Taxes It Pays To Own Achie
Page 5: Schools and Libraries Breaking Down
Page 9 and 10: Tax Time When Are Property Taxes Du
Page 12: Greenwood Village City of Greenwood

GV Property Tax Final

Create successful ePaper yourself

Delete template?

Save as template?