HomeMy Public PortalAbout6c Resolution 2017-12-10 Levying Property Taxes
TOWN OF FRASER
RESOLUTION NO. 2017-12-10
LEVYING PROPERTY TAXES TO HELP DEFRAY THE COSTS OF GOVERNMENT
FOR FRASER, COLORADO, FOR THE BUDGET YEAR 2018
WHEREAS, the Board of Trustees of the Town of Fraser has adopted the annual
budget in accordance with all Local Government Laws, on December 6, 2017; and
WHEREAS, the 2017 final valuation for Fraser, as certified by the County Assessor on
December 1, 2017, is $40,345,920.
NOW, THEREFORE, BE IT RESOLVED by the Board of Trustees of the Town of
Fraser, Colorado that:
SECTION 1. For the purpose of meeting all general operation expenses of the Town
during the 2018 Budget year, there is hereby levied a tax of 4.729 mills upon each and
every dollar of valuation for assessment of all properties within the Town of Fraser for
the year 2018. Based upon the December 1, 2017 final assessed valuation certification
as provided by the County Assessor, this would result in an amount of
$190,791.
SECTION 2. The Town Clerk is hereby authorized and directed to immediately certify
to the County Commissioners of the County of Grand, the mill levies for the Town of
Fraser as herein above described and fixed.
READ, PASSED ON ROLL CALL VOTE, AND ADOPTED BY THE BOARD OF TRUSTEES
THIS 6th DAY OF DECEMBER, 2017.
Votes in favor: ___ BOARD OF TRUSTEES OF THE
Votes opposed: ___ TOWN OF FRASER, COLORADO
Absent: ___
Abstained: ___ BY:
Mayor
ATTEST:
(S E A L)
Town Clerk
Form DLG 70 (rev 7/08) Page 1 of 4
County Tax Entity Code DOLA LGID/SID /
CERTIFICATION OF TAX LEVIES for NON-SCHOOL Governments
TO: County Commissioners1 of Grand County , Colorado.
On behalf of the Town of Fraser ,
(taxing entity)A
the Board of Trustees
(governing body)B
of the Town of Fraser
(local government)C
Hereby officially certifies the following mills
to be levied against the taxing entity’s GROSS
assessed valuation of:
$ 40,329,590
(GROSSD assessed valuation, Line 2 of the Certification of Valuation Form DLG 57E)
Note: If the assessor certified a NET assessed valuation
(AV) different than the GROSS AV due to a Tax
Increment Financing (TIF) AreaF the tax levies must be
calculated using the NET AV. The taxing entity’s total
property tax revenue will be derived from the mill levy
multiplied against the NET assessed valuation of:
$ 40,329,590
(NETG assessed valuation, Line 4 of the Certification of Valuation Form DLG 57)
Submitted: 12/8/17 for budget/fiscal year 2018 .
(not later than Dec. 15) (mm/dd/yyyy) (yyyy)
PURPOSE (see end notes for definitions and examples) LEVY2 REVENUE2
1. General Operating ExpensesH 5.886 mills $ 237,380
<Minus> Temporary General Property Tax Credit/
Temporary Mill Levy Rate ReductionI < 1.157 > mills $ < 46,685 >
SUBTOTAL FOR GENERAL OPERATING: 4.729 mills $ 190,695
3. General Obligation Bonds and InterestJ 0 mills $ 0
4. Contractual ObligationsK 0 mills $ 0
5. Capital ExpendituresL 0 mills $ 0
6. Refunds/AbatementsM 0.0 mills $ 0
7. OtherN (specify): 0 mills $ 0
0 mills $ 0
TOTAL: [ Sum of General Operating
Subtotal and Lines 3 to 7 ] 4.729 mills $ 190,695
Contact person:
(print) Jeffrey Durbin
Daytime
phone: ( 970 ) 726-5491
Signed: Title: Town Manager
Include one copy of this tax entity’s completed form when filing the local government’s budget by January 31st, per 29-1-113 C.R.S., with the
Division of Local Government (DLG), Room 521, 1313 Sherman Street, Denver, CO 80203. Questions? Call DLG at (303) 866 -2156.
1 If the taxing entity’s boundaries include more than one county, you must certify the levies to each county. Use a separate f orm
for each county and certify the same levies uniformly to each county per Article X, Section 3 of the Colorado Constitution.
2 Levies must be rounded to three decimal places and revenue must be calculated from the total NET assessed valuation (Line 4 of
Form DLG57 on the County Assessor’s final certification of valuation).