Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Colorado > Denver
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 06-15-2018, 09:06 AM
 
Location: Berkeley Neighborhood, Denver, CO USA
17,709 posts, read 29,812,481 times
Reputation: 33301

Advertisements

Quote:
Originally Posted by SkyDog77 View Post
How does that work? Isn’t it just ~0.555% of assessed value?
Nope.
It is Assessed Value * Mil Levy and not a percentage of Assessed Value.

City & County of Denver
Tax Year Mil Levy
2017 77.134
2016 81.547
2015 78.127
2014 83.054
2013 83.090
2012 84.071

In a county which is under TABOR constraints (Denver is not), rising house prices would force a greater reduction in mil levy.
Reply With Quote Quick reply to this message

 
Old 06-15-2018, 10:14 AM
 
1,849 posts, read 1,808,302 times
Reputation: 1282
Quote:
Originally Posted by CatPeople View Post
In northern New Jersey, many teachers and police are paid $100K. Add on the rule of 55 pension and it costs money. Lots of money. Number of years times final salary divide by 55. An army of retired NJ teachers and police on $60K pensions living in Florida. Gold-plated medical insurance. The unfunded pension and medical liability is staggering, on top of the astronomical property taxes, so I moved to Denver. Not my problem anymore.

On the plus side the high property taxes keep out the riff raff.
That same post where I pictured that townhouse in Northern NJ (07920) you get a 530K townhouse and then have to pay another 11-14% in property taxes for school, police, etc. I'd imagine that's a fraction in Denver metro.
Reply With Quote Quick reply to this message
 
Old 06-15-2018, 10:31 AM
 
824 posts, read 705,177 times
Reputation: 635
we need TABOR in Denver, my property taxes went up 2x but still:


i was observing re paving of Evans near Downing:
A 3rd party company was re paved the very center 5th turn lane. Totally ripping out the old concrete. The turn lane has little or no traffic and was in excellent shape. The remaining lanes with traffic, pot holes remain not filled.
Reply With Quote Quick reply to this message
 
Old 06-15-2018, 10:44 AM
 
Location: The analog world
17,077 posts, read 13,364,015 times
Reputation: 22904
Quote:
Originally Posted by Indigo Cardinal View Post
I lived in a paired home development in unincorporated Arapahoe county. A home about a block away from mine is up for sale. A little less that 1600 square feet, small front yard, small back yard, two-car attached garage (and the pictures of the inside seem like it's a very well-taken care of and well-upgraded place). In the CCSD.

It's going for $379,000.
That is shockingly affordable for the market, and it's still a ridiculous amount of money for a house.
Reply With Quote Quick reply to this message
 
Old 06-15-2018, 10:46 AM
 
Location: Denver CO
24,202 posts, read 19,202,259 times
Reputation: 38267
Quote:
Originally Posted by randomparent View Post
That is shockingly affordable for the market, and it's still a ridiculous amount of money for a house.
That's 75K less than a comparable paired home in my neighborhood!
Reply With Quote Quick reply to this message
 
Old 06-15-2018, 10:56 AM
 
Location: 0.83 Atmospheres
11,477 posts, read 11,555,088 times
Reputation: 11981
Quote:
Originally Posted by davebarnes View Post
Nope.
It is Assessed Value * Mil Levy and not a percentage of Assessed Value.

City & County of Denver
Tax Year Mil Levy
2017 77.134
2016 81.547
2015 78.127
2014 83.054
2013 83.090
2012 84.071

In a county which is under TABOR constraints (Denver is not), rising house prices would force a greater reduction in mil levy.
Right, but your fee is low because your valuation is low. Right now they are basing it off of a $630K value, not $750K.
Reply With Quote Quick reply to this message
 
Old 06-15-2018, 10:59 AM
 
824 posts, read 705,177 times
Reputation: 635
Property taxes vary quite a lot inside denver. 4example Swansea is lower than Wash Park.
Reply With Quote Quick reply to this message
 
Old 06-15-2018, 11:08 AM
 
Location: 0.83 Atmospheres
11,477 posts, read 11,555,088 times
Reputation: 11981
Quote:
Originally Posted by daprara View Post
Property taxes vary quite a lot inside denver. 4example Swansea is lower than Wash Park.
Really? I just grabbed a random house in Swansea on the county assessor website and it’s assessed value is $197,200. The tax bill was $1095.30. That is 0.555%. That’s exactly what my rate was in Wash Park. Now of course I paid more in actual dollars, but that’s only because you can’t buy a blade of grass in Wash Park for $197,200 anymore.
Reply With Quote Quick reply to this message
 
Old 06-15-2018, 11:15 AM
 
Location: Denver CO
24,202 posts, read 19,202,259 times
Reputation: 38267
Quote:
Originally Posted by daprara View Post
Property taxes vary quite a lot inside denver. 4example Swansea is lower than Wash Park.

Here's some general info about it

Financing Urban Renewal Activities - Denver Urban Renewal Authority

This is the list of areas that have a TIF - tax increment financing, so they pay extra taxes for the costs of urban renewal.

http://www.denvergov.org/content/dam..._TIF_Areas.pdf
Reply With Quote Quick reply to this message
 
Old 06-15-2018, 12:43 PM
 
977 posts, read 1,328,089 times
Reputation: 1211
Quote:
Originally Posted by emm74 View Post
Here's some general info about it

Financing Urban Renewal Activities - Denver Urban Renewal Authority

This is the list of areas that have a TIF - tax increment financing, so they pay extra taxes for the costs of urban renewal.

http://www.denvergov.org/content/dam..._TIF_Areas.pdf
No, TIF uses the difference between the existing property tax revenue and what's collected after the development to service the debt that is issued. The property tax rate does not change.

What makes a difference is if the property is located within a special taxing district, local maintenance district, or business improvement district. If that's the case additional taxes are levied upon the property and they can then be used for a host of uses- such as paying into a TIF-backed debt payment.

Here's a summary of such areas for the City of Denver:

https://www.denvergov.org/content/da...tract_2017.pdf

EDIT: Whoops, guess we linked to the same reference.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Colorado > Denver

All times are GMT -6. The time now is 02:33 PM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top