City of Burlington Tax Structure
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 equals $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 equals 24.809601, converts to $25.00
Thousands of Taxable Value equal $ 50,000, convert to 50.
50 times $25 equals $1250.00 (a very close estimate to $1240.48)
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||5.9% (2.9% state tax, 3% city tax equals total a of 5.9%)|
|Lodging tax||4% (only applies to lodging establishments)|
|Burlington / Kit Carson County mill levy total||87.49943 mills|
|School levy||36.157 mills|
|Fire District||2 mills|
|Cemetery District||0.570 mills|
|City of Burlington||8.80 mills|
|Kit Carson County||36.993 mills|
|Plains Groundwater MGM District||0.08843 mills|
|Kit Carson County Health Service District||2.951 mills|