Description

As you likely know, property values have increased in the past few years which results in the assessed value of properties for the purpose of property taxation. Over 7,000 property valuation appeals were received this year, and 91% of Colorado voters indicate that rising property taxes are somewhat or a big concern.

A group of taxing jurisdictions in Eagle County is holding a property tax forum on September 13 from 10:00 a.m. to 12:00 noon at the Eagle County Room in the County Building to explore property taxes, Proposition HH (on the November ballot), and its impacts on mill levies.

The meeting will:

1. Help taxing entities understand how other taxing entities are responding to the changing legislative scene and extraordinary increase in property values
2. Help taxpayers understand how mill levy rates can/may be adjusted to mitigate the impact of the large increase in property values.

The session will include a presentation followed by a panel discussion from local taxing districts regarding their conceptual plans for mill levy rates both if Proposition HH passes and if it fails. This session is not intended to pressure districts but rather to educate and understand what districts are planning.

The meeting is open to the public and anyone interested in property taxes is welcome and encouraged to attend.

Please RSVP in advance to cromer@vailvalleypartnership.com