FAQs
Metropolitan Districts are quasi-governmental entities governed under Colorado’s Special District Act. (§ § 32-1-101, et seq., C.R.S.) Metropolitan Districts use taxing authority to finance public infrastructure like roads, sewer, trails and parks and to provide services within the District’s boundaries.
A mill levy is a tax rate used to calculate an individual property’s tax bill. The mill levy is applied to a property based on its assessed value. Each taxing authority within a geographic area (the District, for example) calculates a tax rate based on the revenue needed from property tax and the total assessed value of real and personal property located within their boundaries.
District taxes and mill levies function in the exact same way as any other property tax in Colorado. The mill levy is applied to the Assessed Value of the property, which is determined by the County Assessor. The County Treasurer is responsible for collecting the taxes as part of the year property tax collection.
For residential property, that calculation is:
Actual Value x Assessment Ratio x Mill Levy = Annual Tax Obligation
For a $600,000 home in a District with a mill levy of 52.00 mills using the 2022 Assessment Ratio (6.95%) for residential property, the tax bill for the District would be:
$600,000 x 6.95% x 0.052 =$2,168.40/year
The actual mill levy for a District may be comprised of both a debt service levy and an operations levy and would be determined based on the provisions of the Service Plan, the total valuation of taxable property in the District, the District’s debt obligations and the District’s operational needs.
Most Service Plans contain mill levy limitations to ensure that taxpayers obligations are limited regardless of the debt obligations outstanding.
If you’d like to calculate your tax obligation, visit the Weld County Assessor Site Here
Metropolitan Districts are Governed by an elected Board of Directors. The powers of the Board in governing the District are enumerated in Part 10, Article 1, Title 32, (32-1-1001 et. seq., C.R.S.).
Board Members are elected through an election process similar to other municipal elections. Elections are held on the first Tuesday after the first Monday of odd-numbered years starting in 2023. The next regular election is to be held May 6, 2025. All eligible electors within the District can participate in the election and run for the Board of Directors.
A Metro District is a quasi-governmental entity and political subdivision of the State of Colorado formed pursuant to Sections 32-1-101, et seq., C.R.S.
As a governmental entity, Districts are bound by similar rules as city governments, and the majority of a District’s income is collected through property taxes. Metro Districts are established to help fund the infrastructure of the community as well as to pay for the operations of the District.
Where-as a Homeowners Association is a not-for-profit corporation in the State of Colorado. HOAs are governed by the Colorado Common Interest Ownership Act (CCIOA). The funds for HOAs are collected through Assessments.