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State of Colorado Statutory Property Tax Revenue Limitation Form DLG-53
Department of Local Affairs The"5.5%"Limit,29-1-301,C.R.S. Revised 1999
Division of Local Government
Tax Year 1999 (Budget Year 2000)
The following steps were used to calculate your limit. This form was generated on 11./4/1.999, based on a 11/4/1999
calculation. The Division of Local.Government encourages you to check each figure for accuracy. Part A of the Property
Tax Limitations Worksheet(Form DLG-53a)may be used to perform the calculations manually and verify the figures on
this form. Years referenced are "Tax Years", not budget years.
Al. Adjust the 1998 revenue to correct the revenue base, if necessary:
Ala. The lesser of the 1998 Revenue Limit[$143,682.00] or the 1998 Certified General Operating
Revenue [$145,087.88] = $143,682.00
Alb.Line Ala [$143,682.00] + 1998 Omitted Property Revenue, if any 1$189.00] =Al. $143,: .0 1'
A2. Calculate the 1998 Tax Rate, based on the adjusted tax base:
Adjusted 1998 Revenue Base [$143,871.00] + 1998 Net Assessed Value [$41,031,640.00] =A2, 9.0035061
A3. Total the assessed value of all the 1999 "growth" properties:
Annexation or Inclusion [s0.00] + New Construction[$544,510.00] + increased Production of
Producing Mine [$0.00]$ + Previously Exempt Federal Property [$0.00]$ + New Primary Oil&Gas
Production [$1,299,709.00]$ =A3 $1,844,219.001
A4. Calculate the revenue that the "growth" properties would have generated in 1998:
Line A3 [51,844,219.001 x Line A2 [0.0035061 =A4. $6,465.83
A5. Expand the Revenue Base by the "revenue" from "growth" properties:
Line Al [$143,871.00] + Line A4 [56,465.83] =A5. $1511,336.831
A6. Increase the Expanded Revenue Base by allowable amounts:
(Line A5 [$150,336.83] x 105.5%) +Approved Revenue Increase [$0.00]
DLG-approved increase? [NI, Voter-approved increase? [N] =A6 5158,605.361
A7. 1999 Revenue Limit(rounded to whole dollars.):
LineA6 [$158,605.36] - 1999 Omitted Property Revenue [$0.00] =A7. $158,6051
A8.Adjust 1999 Revenue Limit by amount levied over the limit in 1998 (rounded to whole dollars.):
Line A7 [$158,605.001 - 1999 Amount Over Limit[$1,406.00] =A8. 5157,1991
A9. Calculate the Mill Levy which would generate the Adjusted Revenue Limit(rounded to three decimal places):
(Line A8 [$157,1991 + 1999 Net Assessed Value 1$42,984,270.00]) x 1,000 =A9. 3.65/1
Note:Rounding the mill levy up may result in revenues exceeding Line A8.
NOTE: This calculation does NOT take into account any other limits that may apply to your property tax
revenue,such as TABOR limits,statutory mill levy caps, or voter-approved limitations. The Property Tax
Limitations Worksheet (Form DLG-53a) may be used to perform some of these calculations for comparison to the
"5.5%" limit.
$These amounts, if certified by your County Assessor(s),can be used in this calculation only after an application has been made to the Division.
Forms and guidelines are avaliable by contacting the Division.
If you need assistance, please contact the
Hudson Fire Prot (62027 1) Division of Local Government:
P. 0. Box 7
6 7 Cedar Street Phone: (303) 866-2156
xuds , Co 80642 Fax: (303) 866-4819
E-mail: CODLG@state.co.us
q 992763
n_ (OM !1 L . � � IBC A.Cnnd t
f The Division of Local Government on October 2!6, 1999 approved the Hudson Fire Protection District's application
to exclude the assessed valuation attriibi table to 1e * i� oil or gas production from the budget yeara2000
statutory property tax revenue limitati (rr e �5 5on /0» I. The attached Form DLG 53 recalculation o'f the 5.5%
limit reflects the exclhksion of$1,299,909rof thch assesse valuation. See Line 3A.
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