Keats Ann Scott, CRS	Colorado Dreams
	I can send you a list of everything currently for sale in Summit County, just ask.

Colorado Dreams Broker PO Box 2808 491 Blue River Parkway Silverthorne CO 80498 keats@coloradodreams.com 800-571-1091 970-485-0793

Taxes In Summit County Colorado law requires a two-year reassessment cycle for all real property. The current residential assessment rate is 8% (this is determined by the state legislature), all other property is generally assessed at 29%. The tax rates which determine your property tax bill are set by the tax levying boards of the county, schools, towns, and special districts. The time to discuss the budgets and tax rates requested by them is during the fall of the year at their budget hearings. After the tax rates are received by the assessor's office, it is the duty of the Assessor to extend the taxes upon property as assessed and then certify and deliver the tax roll to the County Treasurer for collection according to law. Residential property taxes are calculated based on 8% of appraised valuation. That amount is multiplied by each particular jurisdiction's tax rate to determine annual property taxes. Approximate Propety Tax on a $500,000 home in Dillon: 8% of 500,000 = $40,000 $40,000 x .062614 = $2,504.56 Just to give you an example of the property taxes in different areas: Property Tax on a $359,900 duplex in Wildernest = $1457 Property Tax on a $649,000 single family home in Silverthorne = $1,817 Property Tax on a $345,000 condo in Keystone = $1,182 Property Tax on a $119,000 condo in Dillon Valley = $332 Property Tax on a $247,500 condo in Copper Mountain = $846 Property Tax on a $1,069,000 single family Home in Breckenridge = $2,770 The Summit County Government web site has more info at http://www.co.summit.co.us/Assessor/index.html     Prepared and maintained by Keats Ann Scott Colorado Dreams Broker 1-800-571-1091