Financial Information / Budget

The District approved the budget for fiscal year 2021 on December 14, 2020. The District is required to approve a balanced budget. The budget for 2021 anticipates $12,278,307 in revenues and $13,818,877 in expenditures.

The District has two operating funds: The General Fund pays for general overhead (personnel, office expenses, public works, landscape, street and storm drainage maintenance expenses and snow removal). The supporting revenues are derived from property taxes. The General Fund represents about 51% of the total budget. The Enterprise Fund pays the expenses related to providing water treatment and distribution and sanitary sewer collection services to Castle Pines Village. The supporting revenues for the Enterprise Fund are derived from the user fees charged to property owners each month (water and sewer bills). The Enterprise Fund represents about 49% of the total budget.

The District’s total mill levy remains at 33.834 mills for property taxes – the same rate since 2001. Property taxes are assessed, collected and distributed by the Douglas County Assessor.

The 2021 Budget:

• Retained the same total mill levy (tax rate) since 2001 – 33.834 mills
• No increase in water rates for 2021
• Continue to fund all of the services that the District currently provides to The Village Castle Pines – water treatment and distribution, sanitary sewer collection, roadway maintenance, storm drainage maintenance, and contract landscape maintenance services for the Homes Association.

If you would like a copy of the 2021 Budget, please contact Sue Mantz or Burt Knight at (303) 688-8330. The 2021 Budget is also an attachment listed below.

Taxes
The Board certified a property tax mill levy of 33.834 mills (same since 2001). This means that 3.3834% of a property owner’s taxes will be paid to the Metro District to support its operations.
Here’s how it works: actual value x 7.20% = assessed value. Assessed value x 33.834 mills = property tax dollars paid to the District – or – $500,000 actual value x 7.15% = $35,750 assessed value x 33.834 mills = $1,209 tax dollars to the District.

You can access the link below to the Douglas County Assessor’s website, type in your last name or house number, and find the tax information specific to your property.

http://www.douglas.co.us/assessor/

Any questions? Contact Us.