New Taxes on your Ballot? – Here is your REAL COST

by  Tax Accounting here at the ECT

A Reasonable Person – would not buy a new car or a new home without knowing what the REAL COST is!  So, today the ECT is exposing the REAL COST of these Tax Raising Ballot questions printed on your May 3rd Ballots.

Where do these official Property Tax numbers come from, ECT?

1 – Eagle County Assessors Office – The Property Tax Rate for Residential Property (Assessed Value) is 7.96% and for Commercial Property it’s Taxed at 29%.  Those Property Tax Rates are the same everywhere in the State of Colorado.  YES, should these new Taxes Pass on the May 3rd Ballot Election – any Commercial Property you own WILL PAY at a Rate of almost (4) times what your Residential Property pays.

2 –  With the help and cooperation of the Eagle River Fire Protection – ELECTED BOARD, we have agreed and calculated that their New Property Tax Mill Levy shall be raised to 9.385 Mills from today’s Mill Levy of 8.205.  An increase of 14.4% should the Voters approve that on May 3rd 2016.

3 –  Our Eagle County Ambulance District – stated on their Ballot Question what their New Mill Levy request is 2.758   compared to, today’s 2.008 Mill Levy.

(Below Tax Numbers for the Ambulance District – for both Residential and Commercial Property)  Click Here – to download a PDF copy of same information for you to share!

EC Assessor (multiplier)
Residential Property
7.96%
If Voters Approve Tax Increase  May 2016
Market Value of Home Eagle County Assessed Value Amby District Taxes 2016 Amby District Taxes 2017 % Increase Actual Increase
Mill 2.008 Mill 2.758
300,000.00 $23,880.00 $47.95 $65.86 37.4% $17.91
400,000.00 $31,840.00 $63.93 $87.81 37.4% $23.88
500,000.00 $39,800.00 $79.92 $109.77 37.4% $29.85
600,000.00 $47,760.00 $95.90 $131.72 37.4% $35.82
700,000.00 $55,720.00 $111.89 $153.68 37.4% $41.79
800,000.00 $63,680.00 $127.87 $175.63 37.4% $47.76
900,000.00 $71,640.00 $143.85 $197.58 37.4% $53.73
1,000,000.00 $79,600.00 $159.84 $219.54 37.4% $59.70
3,000,000.00 $238,800.00 $479.51 $658.61 37.4% $179.10
5,000,000.00 $398,000.00 $799.18 $1,097.68 37.4% $298.50
EC Assessor (multiplier)
Commercial Property
29%
If Voters Approve Tax Increase  May 2016
Market Value of Home Eagle County Assessed Value Amby District Taxes 2016 Amby District Taxes 2017 % Increase Actual Increase
Mill 2.008 Mill 2.758
300,000.00 $87,000.00 $174.70 $239.95 37.4% $65.25
400,000.00 $116,000.00 $232.93 $319.93 37.4% $87.00
500,000.00 $145,000.00 $291.16 $399.91 37.4% $108.75
600,000.00 $174,000.00 $349.39 $479.89 37.4% $130.50
700,000.00 $203,000.00 $407.62 $559.87 37.4% $152.25
800,000.00 $232,000.00 $465.86 $639.86 37.4% $174.00
900,000.00 $261,000.00 $524.09 $719.84 37.4% $195.75
1,000,000.00 $290,000.00 $582.32 $799.82 37.4% $217.50
3,000,000.00 $870,000.00 $1,746.96 $2,399.46 37.4% $652.50
5,000,000.00 $1,450,000.00 $2,911.60 $3,999.10 37.4% $1,087.50

(Below Tax Numbers for the Eagle River Fire Protection District – for both Residential and Commercial Property)  Click Here – to download a PDF copy of same information for you to share!

Eagle County Assessor
Residential Property
7.96%
If Voters Approve Tax Increase  May 2016
Market Value of Home Eagle County Assessed Value ERFPD District Taxes 2016 ERFPD District Taxes 2017 % Increase Actual Increase
Mill 8.205 Mill 9.385
300,000.00 $23,880.00 $195.94 $224.11 14.4% $28.18
400,000.00 $31,840.00 $261.25 $298.82 14.4% $37.57
500,000.00 $39,800.00 $326.56 $373.52 14.4% $46.96
600,000.00 $47,760.00 $391.87 $448.23 14.4% $56.36
700,000.00 $55,720.00 $457.18 $522.93 14.4% $65.75
800,000.00 $63,680.00 $522.49 $597.64 14.4% $75.14
900,000.00 $71,640.00 $587.81 $672.34 14.4% $84.54
1,000,000.00 $79,600.00 $653.12 $747.05 14.4% $93.93
3,000,000.00 $238,800.00 $1,959.35 $2,241.14 14.4% $281.78
5,000,000.00 $398,000.00 $3,265.59 $3,735.23 14.4% $469.64
Eagle County Assessor
Commercial Property
29%
If Voters Approve Tax Increase  May 2016
Market Value of Commercial Prop Eagle County Assessed Value Fire District Taxes 2016 Fire District Taxes 2017 % Increase Actual Increase
Mill 8.205 Mill 9.385
300,000.00 $87,000.00 $713.84 $816.50 14.4% $102.66
400,000.00 $116,000.00 $951.78 $1,088.66 14.4% $136.88
500,000.00 $145,000.00 $1,189.73 $1,360.83 14.4% $171.10
600,000.00 $174,000.00 $1,427.67 $1,632.99 14.4% $205.32
700,000.00 $203,000.00 $1,665.62 $1,905.16 14.4% $239.54
800,000.00 $232,000.00 $1,903.56 $2,177.32 14.4% $273.76
900,000.00 $261,000.00 $2,141.51 $2,449.49 14.4% $307.98
1,000,000.00 $290,000.00 $2,379.45 $2,721.65 14.4% $342.20
3,000,000.00 $870,000.00 $7,138.35 $8,164.95 14.4% $1,026.60
5,000,000.00 $1,450,000.00 $11,897.25 $13,608.25 14.4% $1,711.00
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3 responses

  1. Obviously families pay their own property taxes. They also pay Commercial property taxes through lower wages, higher prices, and lower rates of return on investments.

    Note also, these tax increases are not subtracting from the$46,500 that federal, state, and local governments spend on the average family’s behalf.

    These tax increases are adding to that.

  2. Sunsets? Yes. But unfortunately that is not what these Taxing Districts want. They want you to agree to “pay them forever” – until the next time they ask for another Tax Increase.

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