Purpose
The Treasurer is charged with collecting all county property taxes, making distribution of those taxes to the various underlying authorities and investing the difference on behalf of the County.
Property Tax Collections
Property taxes are collected one year in arrears. In 2009 the Treasurer's office collected the 2008 taxes for a total value of $325 million on 170,000 tax bills. By June 30 each year we have generally collected about 95% of all tax dollars and 90% of all tax bills are paid. The remaining six months of the year are spent collecting the 5% of tax dollars that have not been paid. 99.9% of all taxes are collected before the end of year.
Distributions
In 2009 we distributed property taxes to about 300 underlying authorities. The school districts are by far the largest single portion of the property tax dollars at nearly 50% followed by the County at about 20%, all other authorities share the remaining amount. The Treasurer prepares monthly statements reflecting amounts collected and disbursed to all underlying authorities.
Investments
The county holds a portfolio of investments including Federal Government Agency bonds with a duration of five years or less, some local bank certificates of deposit and money market funds all in accordance with the state statutes on public fund investments..
Other Duties
In addition to the collection of taxes, the office also performs tax deferment applications, mobile home authentications, prepares Certificates of Taxes Due and responds to other inquiries related to taxation.
Reports of the fiscal activities of the Treasurer's office are submitted to the county commissioners and published semi-annually.
The Treasurer enforces collection of delinquent taxes by conducting an annual delinquent real estate property tax sale. Personal property is subject to distraint, seizure and sale of the property
The Treasurer, an appointed position as of January 1, 2003, is also a member (currently Chairman) of the Weld County Retirement Board.
