Steamboat Springs School District to give tax credit
Schools over-collect property taxes in ’07-’08, ’08-’09
December 14, 2009
6 p.m. Call to order
6:02 p.m. Action items including mill levy certification and temporary mill levy rate reduction
7 p.m. Community comments
7:20 p.m. Superintendent reports including the November financial report and budget update
7:50 p.m. Consent agenda items
8:05 p.m. Board member comments
8:15 p.m. Governance process policies
8:45 p.m. Debrief
9 p.m. Adjourn
If you go
What: Steamboat Springs School Board meeting
When: 6 p.m. today
Where: Rooms 113 and 114 of Centennial Hall, 124 10th St.
Steamboat Springs — Steamboat Springs residents will receive a property tax credit from the school district next year.
Steamboat Springs School District Finance Director Dale Mellor will give School Board members a presentation tonight describing how the district over-collected property taxes in 2007-08 and 2008-09. The meeting is scheduled to begin at 6 p.m. in rooms 113 and 114 of Centennial Hall at 124 10th St.
According to a school district news release, it over-collected $4,197,458 in the two-year period. The release stated that the district owes that amount to taxpayers who live in the boundaries of the Steamboat Springs School District, plus 10 percent. To clear the debt, taxpayers will pay less in 2010. The release stated that the mill levy, or property tax rate, credit next year is 4.104 mills for Steamboat taxpayers.
One mill equals $1 per $1,000 of assessed property value. The mill levy credit amounts to $32.67 in reduced property taxes for every $100,000 in residential home value, and $119.02 for every $100,000 in nonresidential property value.
The credit for taxpayers is the result of a recent court decision involving the Taxpayers Bill of Rights, or TABOR.
The news release stated that the Colorado Supreme Court recently upheld the legality of a 2007 state Senate bill that allowed school districts to freeze mill levies, which allowed them to collect revenue in excess of TABOR limitations.
TABOR permits local government entities to waive those limitations, with voter approval.
The Colorado Supreme Court decision stated that voters in 175 of 178 of the state's school districts approved waiver elections that contained "broadly worded ballot language" that allowed districts to retain and expend all revenue from any source, despite the limitations of TABOR.
"Only the Steamboat Springs (Routt County) School District passed a ballot measure that contained more limited language allowing the school district to retain only revenues other than property tax revenue," the court decision stated.
Because Steamboat wasn't exempt from the TABOR limit, the district over-collected property taxes, the school district's release stated.
Also at Monday's meeting, Mellor will recommend that board members certify the 2009 property levy of 11.555 mills for property tax collection in 2010. The school district is required to certify its mill levy by Tuesday, according to state law.
Mellor said last year's mill rate was 21.922 mills.
The School Board also will be presented with the November financial report and given a budget update.
The meeting is scheduled to adjourn at 9 p.m.