Press Release -
For the 20th year, real property owners in Weld County will receive a reduction in the mill levy from Weld County government. This has resulted in a reduction of $278 million dollars from Weld County tax payers.
“The Commissioners are proud to be in the financial position to continue to offer a mill levy reduction for real property owners in Weld County,” said Commissioner Chairman Douglas Rademacher. “We are particularly proud of this following the devastating floods last September. Weld County had enough funds in reserve to get the county back on its feet and did not have to go to the taxpayers to ask for additional revenue.”
Along with their annual property tax notices, which will be mailed out this month, property owners in Weld County will receive a joint letter from the County Commissioners, Assessor and Treasurer further explaining the benefits residents receive as a result of the reduction.
“This year we included the letter with the notices as a way to draw people’s attention to the savings they incur by owning property in Weld County,” said Weld County Assessor Christopher Woodruff. “It’s great news for our county residents.”
Under the Colorado Constitution, Weld County Government is authorized to impose a maximum mill levy of 22.457. For the past 20 years, the county has not imposed that maximum amount resulting in county residents saving hundreds of millions of dollars over the past two decades. For the eighth consecutive year, the levy will remain under 17 mills. Our Commissioners and other county elected officials have been steadfast in their resolve to be fiscally responsible,” said Weld County Treasurer John Lefebvre. “The philosophy has been to request and use only the resources needed to provide essential services, and that philosophy has enabled the county to be debt free and to allow for the lowered mill levy.”
As property owners know, annual tax notices include taxing information from all the taxing authorities, beyond the county mill levy, for a given property. These taxes vary based on the location of the property and the tax authorities associated with that property. If you have questions about your tax notice, please visit the Property Information Portal on the Weld County web site at www.weldgov.com/departments/assessor.
In addition to the mill levy credit letter being sent with the tax notices, property owners will also receive information about
Property tax exemptions for senior citizens and disabled veterans.
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.
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.
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..
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.