Grand County Clerk-Auditor Diana Carroll told council members that new growth and increases in assessed property values throughout the county are expected to result in overall tax revenues of $3.665 million for the 2013 budget year. Those revenues are slightly higher that the 2012 total of $3.456 million in revenues.
The county’s total property tax rate for the 2013 budget year is 0.002849, which is marginally lower than last year’s rate of 0.002861. The county council unanimously approved the new rate at its regular meeting on July 2.
The $3.665 million in projected revenues for the 2013 budget includes approximately $2.3 million for the county’s general operations, nearly $600,000 for the Grand County Public Library and another $160,000 for the library bond. The remaining $600,000 is for costs associated with state and local assessing and collecting.
Carroll cautioned that county residents could still see higher overall property tax bills this year, depending on whether other taxing entities make changes to their tax rates. Those other entities include the Grand County School District, as well as the Grand County Fire Protection District, and county water conservancy, cemetery, and mosquito abatement districts.
“Although our portion went down, some of these other entities’ might go up,” Carroll said.
She also noted that changes to assessed property values could impact some property owners.
“You could also pay more if the assessed value of your property goes higher,” she said.