The URL can be used to link to this page

Home My WebLink Aboutbocc.res.164.2005 PITKIN COUNTY BOARD OF COUNTY COMMISSIONERS RESOLUTION # ./'~,~ 2005 A RESOLUTION LEVYING GENERAL PROPERTY TAXES FOR THE YEAR 2005, TO HELP DEFRAY THE COSTS OF GOVERNMENT FOR THE COUNTY OF PITKIN COLORADO, AND ITS SPECIAL DISTRICTS FOR THE 2006 BUDGET YEAR 1) The assessed valuation for county-wide Pitkin County grew 6% as defined by the County Assessor's 2005 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 Article X, Section 20, (commonly known as Amendment One), Pitkin County gross mill levy total for 2005 does not exceed the gross mill levy total for 2004; except where mill levy adjustments were 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 2006; 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 ^rticle 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 expressed in mill levy equivalents, and the net mill levy and under C.R.S. section 39-1-111.5(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. section 39-1-111.5(2), and under C.R.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 reduction for the purpose of effecting a refund. 5) The 2005 valuation of assessment, as certified by the County Assessor on December 1, 2005, and the amount of money necessary to balance the budget for each county fund are listed in the attached table on page 3. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Pitkin County, Colorado that for the purpose of balancing the 2006 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 2005; 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 ^: I Page 1 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 PITKIN COUNTY SUBTOTAL Aspen Library Fund Aspen Ambulance District Fund Twining Flats GID Fund Redstone ranch Acres GID GRAND TOTAL 2005 Assessed Valuation 2005 Net MillLevy 2O06 Prope~y Tax ,887,535,000 2.411 $ 4,550,847 ,887,535,000 0.175 330,319 ,887,535,000 0.028 52,851 ,887,535,000 0.484 913,567 ,887,535,000 0.276 520,960 ,887,535,000 3.764 7,104,682 ,887,535,000 0.233 439,796 13,913,020 1,736,849,240 1.357 2,356,903 1,351,497,630 0.221 298,681 2,336,060 2.769 6,469 1,797,150 4.118 7,401 $ 16,582,474 INTRODUCED, FIRST READ, AND SET FOR PUBLIC HEARING AT THE REGULAR MEETING ON THE 13TH DAY OF DECEMBER, 2005. NOTICE OF PUBLIC HEARING PUBLISHED IN THE ASPEN TIMES ON THE 11TH DAY OF DECEMBER, 2005. APPROVED AND ADOPTED AFTER SECOND READING AND PUBLIC HEARING ON THE 21ST DAY OF DECEMBER, 2005. PUBLISHED AFTER ADOPTION IN THE ASPEN TIMES ON THE 1ST DAY OF ~J~UARY, 20~ ATT.~ST: . Jea ~,r~te J(~nes- - DepQ~ Clerk &Rec( ~er BOARD OF COUNTY COMMISSIONERS Patti Kay-Clapper, C~air (also acting as the Board of Directors of the Aspen Ambulance District, and Redstone Ranch Acres, and Twining Flats General Improvement Districts) APPROVED AS TO CONTENT: C~unty'~a ae;eSrm' R,~..~ MM ~ D E D~A P P R OVAL: Tom Oken Chief Financial Officier g;\budget~2006\original~adoption~2006 budgetreso~rnill reso Page 2 ~ zuu5 proper[y iax co,ecmo m ,:uuo I I Exhibit "A" 2005 mill levy calculation with temporary mill levy rate reduction I temporary mill levy redUction current prior 2005 2005 mill levies ABATEMNT TOTAL TOTAL TAXING DISTRICT ] 2005 gross year year net PROPERTY for 2005 2005 PROP AND FUNDJ VALUATION mill levies refund refund mill levies TAX abatements Mill Levy TAX PITKIN COUNTY General Fund 1,887,535,000 3.077 (0.642) (0.034) 2.401 4,53t,972 0.010 18,875 2.411 4,550,847 TV & FM Translator 1,887,535,000 0.374 (0.096) (0.003) 0.275 519,072 0.001 1,888 0.276 520,960 Road & Bridge Fund 1,887,535,000 0.228 (0.053) 0.175 330,319 0.175 330,319 Social Services Fund 1,887,535,000 0.066 (0.037) 0.028 52,851 0.028 52,851 HS and Other Grants 1,887,535,000 0.501 (0.012) (0.007) 0.482 909,792 0.002 3,775 0.484 913,567 Open Space & Trails Fund 1,887,535,000 3.750 3.750 7,078,256 0.014 26,425 3.764 7,104,681 County Genl Obligation Fund 1,887,535,000 0.233 0.233 439,796 0.233 439,796 PITKIN COUNTY FUND SUBTOTAL 8.228 (0.840) (0.044) 7.344 13,862,057 0.027 50,963 13,913,020 Aspen Library Fund 1,736,849,240 1.685 (0.318} (0.015} 1.352 2,348,220 0.005 8,684 1.357 2,356,904 Aspen Ambulance District t ,351,497,630 0.277 (0.054} (0.0031 0.22(] 297,329 0.001 1,351 0.22t 298,680 Twining Flats GID Fund 2,336,060 2.782 (0.013) 2.769' 6,469 2.769 6,469 Redstone Ranch Acres GID Fur 1,797,150 4.964 (0.790} (0.066) 4.118 7,401 4.118 7,401 GRAND TOTAL t7.936 (2.002) (0.131) 15.803 16,521,476 0.033 60,998 16,582,474 Page 3