Certification of values to taxing entities
The data certified by the assessor to a taxing entity is used by the entity to determine such information as the amount of revenue that can be generated from the taxable property within its boundary, the maximum revenue and spending increase over the prior year’s revenue and spending, and the mill levy needed to generate the desired revenue.
Each year, taxing entities are required to develop a budget for the upcoming year. Once the projected expenses have been determined and the budget is finalized at a public hearing, revenue must be generated to fund the expenses. Most taxing entities derive some of their operating revenue from property tax. The data furnished by assessors is essential to the process.
Special district mill levies
Each year county commissioners, city councils, school boards, and special districts hold budget hearings to determine how many dollars will be needed for the following year’s operations. These hearings are usually held in September or October but may be held earlier. Check your local newspaper for the hearing dates.
Each taxing entity determines what revenues will be required to operate the entity during the coming fiscal year. The required revenues are then divided by the total assessed value to determine the tax rate/mill levy per entity.
Summary of levies books
Abbreviated reports showing the total assessed valuation for Mesa County by property classification. This data is used by the State Division of Property Taxation to calculate the impact upon the statewide residential assessment rate. This book includes all Tax Area Codes with yearly mill levies