Certification of Values to Taxing Entities

Certification of Values to Taxing Entities

Related Information

Data Used to Determine Revenue

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.

Tax Increment Financing

The Colorado General Assembly has authorized the use of a form of financing known as “tax increment financing” by urban renewal authorities (URA) and downtown development authorities (DDA) in the State of Colorado.

Tax increment financing (TIF) provides a method whereby certain types of public improvements intended to promote urban redevelopment may be financed through the issuance of tax exempt revenue bonds. It involves the creation of a special fund comprised of increases in ad valorem property taxes or municipal sales taxes, or both such taxes, generated within the tax increment financing area. The increases in such taxes presumably occur as a result of the expenditure of bond proceeds. The increases in tax proceeds are then pledged to pay debt service on the bonds.

Boulder County 2020 Summary of TIFs

URA or DDA 2020 Base 2020 Increment
Four Corners $23,608 $0
Hwy 42 $44,371,622 $22,481,566
Hwy 287 $0 $0
Lafayette OT $14,519,510 $6,667,534
Longmont $45,380,647 $17,508,792
Lyons $10,711,487 $252,898
Nederland $6,072,187 $3,036,870
South Boulder Road $8,143,358 $196,537
Superior Town Center $33,830 $21,972,222
Twin Peaks $9,123,588 $14,009,750

Contact Us

Assessor
Phone: 303-441-3530 option 1
Fax: 303-441-4996

Business Personal Property
Phone: 303-441-3530 option 2
Fax: 303-441-1783

Email

Schedule a meeting

Mailing Address
Main: PO Box 471
Boulder, CO 80306-0471

Locations

Assessor Boulder & Longmont Drop Boxes

Boulder
1325 Pearl St., 2nd floor
Boulder, CO 80302
Map & Directions
Hours: 7:30 a.m.–5 p.m. M–Th

Longmont
515 Coffman Street, Suite 114
Map & Directions

Lafayette
1376 Miners Dr., Unit 105
Map & Directions
Please note: the Lafayette office will be closed until October 26.