HomeMy WebLinkAboutR16-103 Fiscal Budget Mill Levy 2017 Commissioner - i k .1 moved adoption
of the following Resolution:
BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION NO. 2016- (0
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RESOLUTION CONCERNING ADOPTION OF THE
2017 FISCAL BUDGET MILL LEVY,'
WHEREAS, the Eagle County Assessor will certify to the Board of County
Commissioners a total assessed valuation of$3,033,426,740; and
WHEREAS, the Board of County Commissioners has approved Resolution 2016-
adopting the Eagle County Budget and making appropriations for the fiscal year 2017; and
WHEREAS, the annual budget of Eagle County, Colorado, for fiscal year 2017 requires
the generation of property tax revenue for the various County Funds.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF THE COUNTY OF EAGLE, STATE OF COLORADO:
1. That a property tax levy of Five and Two Hundred Eighty Five Thousandths mills
(5.285 mills) for the General Fund is approved;
2. That a property tax levy of One and Three Hundred Fifty Nine Thousandths mills
(1.359 mills) for the Road and Bridge Fund is approved;
3. That a property tax levy of Two Hundred and Forty Thousandths mills (0.240
mills) for the Social Services Fund is approved;
4. That a property tax levy of Sixty One Thousandths mills(0.061 mills) for the
Capital Improvement Fund is approved;
5. That a property tax levy of One and Five Hundred Thousandths mills (1.500
mills) for the Open Space Fund is approved;
6. That a property tax levy of Fifty Four Thousandths mills (0.054 mills) for the
Insurance Reserve Fund is approved;
And that the total combined mill levy will be Eight and Four Hundred Ninety-nine
Thousandths mills (8.499 mills) for fiscal year 2017.
a al Via" ORM
1 Eag€e county A torney Tice
By:
Eagle County Commissioners' Office
MOVED, READ AND ADOPTED by the Board of County Commissioners of the
County of Eagle, State of Colorado, at its regular meeting held the i3 day of December,
2016.
COUNTY OF EAGLE, STATE OF
COLORADO,by and Through Its
ATTEST: Ot gJ►G(�0 BOARD OF COUNTY COMMISSIONERS
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IQ-t140tl�14 v� %RAO° By: ^Qu
Clerk to the Board of J e McQueen
County Co issioners air
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ian H. Ryan
Commi:sioner
Kathy C idler-Henry
Commis oner
Commissioner C.trb.t DuA_.4 - seconded adoption of the foregoing resolution. The roll
having been called, the vote was as follows:
Commissioner McQuenney 1.,,, 4
Commissioner Ryan 4-14
Commissioner Chandler-Henry
This Resolution passed by 5 1 0 vote of the Board of County Commissioners of
the County of Eagle, State of Colorado.
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AMENDED CERTIFICATION.OF VALUES
Name of Jurisdiction:EAGLE COUNTY GENERAL FUND, 001 New District:
USE FOR STATUTORY PROPERTY TAX REVENUE LIMIT CALCULATIONS (5.5% LIMIT) ONLY •
In accordance with 39-5-121(2)(a)and 39-5-128(1),C.R.S.The total Assessed Valuations for taxable year 2016 •
In EAGLE COUNTY On 11/18/2016 Are:
Previous Year's Net Total Assessed Valuation: $2,927,608,770
Current Year's Gross Total Assessed Valuation: $3,033,426,740
(-)Less TIF district increment,.if any: $96,110,050
Current Year's Net Total Assessed Valuation: $2,937,316,690
New Construction*: • $27,602,260
Increased Production of Producing Mines**: $0
ANNEXATIONS/INCLUSIONS: $0
Previously Exempt Federal Property**: $0
New Primary Oil or Gas production from any •
Oil and Gas leasehold or land(29-1-301(1)(b)C.R.S.)***: $0
Taxes Received last year on omitted property
as of August 1 (29-1-301(1)(a)C.R.S.)Includes all revenue $4,014.00
collected on valuation not previously certified.
Taxes Abated or Refunded as of August 1 $46,498.23
(39-10-114(1)(a)(I)(B)C.R.S.):
•
This value reflects personal property exemptions IF enacted by the Jurisdiction as authorized by Art.X,Sec.20(8)(b),Colo.Constitution
*New Construction Is defined as:Taxable real property structures and the personal property connected with the structure.
**Jurisdiction must submit a certification to the Division of Local Government In order for a value to be accrued(DLG52&52A)
***Jurisdiction must submit an application to the Division of Local Government In order for a value to be accrued.(DLG 52B)
USE FOR'TABOR' LOCAL GROWTH CALCULATIONS ONLY
In accordance with.the Art.X,Sec.20,Colorado Constitution and 39-5-121(2)(b),C.R.S.The Actual Valuations for the taxable year 2016
In EAGLE COUNTY On 11/18/2016 Are: F'
Current Year's Total Actual Value of All Real Property*: $29,543,344,480
ADDITIONS TO TAXABLE REAL PROPERTY: •
Construction of taxable real property Improvements": $263,241,710 •
ANNEXATIONS/INCLUSIONS: $0
•
Increased Mining Production***: $0
Previously exempt property: $4,427,250
Oil or Gas production from a new well: $0
Taxable real property omitted from the previous year's tax $2,401,090
warrant.(Only the most current year value can be reported):
DELETIONS FROM TAXABLE REAL PROPERTY IMPROVEMENTS: $5,276;680
Destruction of taxable property improvements.
Disconnections/Exclusions: $0
Previously Taxable Property: $7,173,520
*This includes the actual value of all taxable real property plus the actual value of religious,private schools,and charitable real property.
**Construction is defined as newly constructed taxable real property structures.
***Includes production from a new mine and Increase In production of a producing mine.
NOTE:All levies must be certified to the Board of County Commissioners no later than December 152016 .
EAGLE COUNTY, COLORADO
2017 BUDGET
Property Tax History
Percent
2017 Of
Budget Total
County Valuation:
Base Value 3,005,824,480 102.33%
%of Increase 2.28%
New Construction 27,602,260 0.94%
% of Increase 32.92%
Less TIF district increment (96,110,050) -3.27%
Total Valuation 2,937,316,690 100.00%
2016
Budget
Mill Levy:
General Fund 5.285
Road & Bridge Fund 1.359
Social Services Fund 0.240
Insurance Reserve Fund 0.054
Capital Improvement Fund 0.061
Open Space Fund 1.500
Total Mill Levy 8.499
%of Increase 0%
Property Tax:
General Fund 15,523,719 62.18%
Road & Bridge Fund 3,991,813 15.99%
Social Services Fund 704,956 2.82%
Insurance Reserve Fund 158,615 0.64%
Capital Improvement Fund 179,176 0.72%
Open Space Fund 4,405,975 17.65%
Total Property Tax 24,964,254 100.00%