New growth leads to drop in tax rate

Property values are up, and that means that the certified tax rate is down, according to Grand County Clerk/Auditor Diana Carroll. When property values increase, it allows the county to lower the certified tax rate and still collect the same amount of money. The tax rate for 2018 will be 15.5 percent lower than it was in 2017 based on new growth of $70 million, Carroll said at the Tuesday July 3 meeting of the Grand County Council.

Carroll also noted that the county has the high collection rate of 94.74 percent and has not had to foreclose on a property for the 11 years that she has been in that office.