ASPEN REAL ESTATE – The Aspen City Council voted Monday not to increase property taxes next year. The council voted unanimously to set the 2010 mill levy rate at 4.025, instead of taking the full 6.060. By not taking the full amount, the city government will credit property owners 2.035 mills, which is lower than what could have been levied. With the temporary tax credit, property owners will pay 3.533 mills in general property tax, which is about $3.50 for every $1,000 of assessed property value. However, that rate is combined with a mill levy to clean up the Roaring Fork River, which was approved by voters in November 2007. The original storm-water fund mill levy rate was 0.65 mills, but the council will give a credit of 0.158 mills in 2010. The rate could have been much more had the City Council capitalized on a windfall in excess property tax revenue as a result of a 35 percent increase in assessed valuations throughout Pitkin County between 2008 and 2009.
By Carolyn Sackariason, Nov. 24, 2009 Aspen Times
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