City of Burlington Tax Structure
Burlington is located in Kit Carson County, Colorado and is the county seat. The
schedule of taxes within the City limits for 2008 is as follows:
Sales
Tax:
4.9% (2.9% City tax, 2% State tax= total of 4.9%)
Lodging Tax:
4% (only applies
to lodging establishments)
Burlington/KCC
Mill Levy
87.271 mills TOTAL
School
Levy
36.157 mills
Fire District
2 mills
Cemetery District .570
mills
City of Burlington
8.60 mills
Kit Carson County
36.993 mills
Plains Groundwater MGM District
.08843 mills
Kit Carson County Health Service District
2.951 mills
Total Mill-Levy
The Millage Rate identifies
the total aggregate millage rate levied for a particular parcel. Parcels in the same Tax Area will share the same Millage
Amount.
A ''Mill'' is a monetary unit equal to one one thousandths of a Dollar. It is set by the
representatives of a Taxing Authority each year to fund their jurisdiction's budget. According to State Law, budgets cannot
be set without public hearings for citizen input.
If the approved Millage-Levy in your area is 24.809601, and the
Taxable Value (Assessed Value minus any Exempt Value) of your property is $50,000, then:
24.809601 times $ 50,000 divided
by 1000 = $1240.48
In this example, the property tax would be $1240.48 for this parcel. Each year, the Millage
Rate is reset according to approved budget considerations and revised assessments.
One easy way to estimate the
tax is to round the Millage Rate to dollars and times this amount by the number of ''thousands'' you have
in taxable Value.
Millage Rate = 24.809601, convert to $25.00
Thousands of Taxable Value = $ 50,000, convert
to 50.
Thus:
50 times $25 = $1250.00 (a very close estimate to $1240.48) |
