HomeMy WebLinkAboutbocc.res.146.2003 PITKIN COUNTY
BOARD OF COUNTY COMMISSIONERS
RESOLUTION # /Y'g 2003
A RESOLUTION LEVYING GENERAL PROPERTY TAXES FOR THE YEAR 2003,
TO HELP DEFRAY THE COSTS OF GOVERNMENT FOR THE COUNTY OF PITKIN
COLORADO, AND ITS SPECIAL DISTRICTS FOR THE 2003 BUDGET YEAR
1) The assessed valuation for county-wide Pitkin County grow 1.6% as defined by the County
Assessor's 2002 appraisal of all new real property as described by the existing state property tax law. This
assessed valuation is applied to the mill levy for each county taxing entity or fund listed, to determine the
property tax herein; and
2) In conformance with the mill levy limitation in Colorado State Constitution Adicle X, Section 20,
(commonly known as Amendment One), Pitkin County gross mill levy total for 2004 does not exceed the
gross mill levy total for 2003; except where mill levy adjustments wero made due to loss of prior year
property tax revenues from tax abatements, where voter approval on November 9, 1999 increased the
Open Space fund mill levy to 3.75, were voter approval on November 5, 2002 increased the Health and
Human service and non-profit mill levy, and where pre-existing debt service commitments require a change
in the property tax collected to pay specific debt payments scheduled for 2004; and
3) A temporary mill levy reduction is necessary to avoid collection of excess revenue under Colorado
State Constitution, Article X, Section 20, and the Colorado Legislature has determined that either a
temporary property tax credit or a temporary mill levy rate reduction is a reasonable method for setting
annual mill levies and effecting property tax refunds in accordance with Section 20 of Article X of the State
Constitution, C.R.S. section 39-1-111.5; and
4) C.R.S. section 39-1-111.5 authorizes a local government to certify a refund in the form of a
temporary property tax credit or a temporary mill levy rate reduction, provided that the certification includes
the gross mill levy, the temporary property tax credit or temporary mill levy rate reduction exprossed in mill
levy equivalents, and the net mill levy and under C.R.S. section 39-I-111.5(4), the Assessor shall,
concurrent with delivery of tax warrants to the Treasurer, itemize duly certified temporary property tax credits
or temporary mill levy rate reductions in the manner set forth in C.R.S. sE~ction 39-1-111.5(2), and under
CR.S. section 39-1-111.5(5) the tax statements shall indicate by footnote which local government mill levies
reflect a temporary property tax credit or temporary mill levy rate roduction for the purpose of effecting a
refund.
5) The 2003 valuation of assessment, as certified by the County Assessor on December 10, 2003,
and the amount of money necessary to balance the budget for each county fund aro listed in the attached
table on page 2.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Pitkin County,
Colorado that for the purpose of balancing the 2004 budget, the following taxes are hereby levied upon each
dollar of the total valuation for assessment of all taxable property within the taxing districts shown below for
the year 2003; that a temporary mill levy rate reduction is authorized; and that the individual mill levies are
expressed in terms of the gross mill levy, the temporary mill levy rate reduction shown in mill levy
equivalents, and the net mill levy as shown in Exhibit A:
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Taxing District and Fund
PiTKIN COUNTY General Fund
Road & Bridge Fund
Social Services Fund
Human Services and Other Grants
TV & FM Translator
Open Space & Trails Fund
County General Obligation Fund
2003 2003
Assessed Net
Valuation M Levy
2004
Prope~y Tax
1,775,806,980 2.426 $ 4,308,'108
1,775,806,980 0.178 316,094
'1,775,806,980 0.030 53,274
1,775,806,980 0.488 866,594
1,776,806,980 0.278 493,674
'1,775,806,980 3.772 6,698,344
1,775,806,980 0.260 46'1,710
Aspen Library Fund
Aspen Ambulance District Fund
,644,480,060 '1.13'1 1,859,907
,283,932,240 0.221 283,749
$ 15,341,453
Twining Fiats GID Fund
Redstone ranch Acres GID
2,363,360.0 0.903 $ 2,'134
1,639,450.0 4.3'15 7,074
$ 9,208
INTRODUCED, FIRST READ, AND SET FOR PUBLIC HEARING AT THE
REGULAR MEETING ON THE 9TH DAY OF DECEMBER, 2003.
NOTICE OF PUBLIC HEARING PUBLISHED IN THE ASPEN TIMES ON THE' 5TH
· DAY OF DECEMBER, 2003.
APPROVED AND ADOPTED AFTER SECOND READING AND PUBLIC HEARING
ON THE 17TH DAY OF DECEMBER 2003.
PUBLISHED AFTER ADOPTION IN THE ASPEN TIMES ON THE 26TH DAY OF
J e/~/n ette Jones
D~puty Clerk & RecoVer
BOARD~,.~OF CO~/~N ERS
~a~ ;'~i'~;-isCt~:irBPoe~d ~f Directors of the Aspen
Ambulance District, and Redstone Ranch Acres, Twining
Flats, and Holland Hills General Improvement Districts)
Date:
APPROVED AS TO FORM:
John M. Ely ~'
County~.~ey
APPROVED AS TO CONTENT:
Finance Director
Hilary Fle/c~er Smith
County Manager
RECOMMENDED FOR APPROVAL:
Tom Oken
Administrative Services Director
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