BUDGET AND TAX INFORMATION

As a special taxing district, South Metro Fire Rescue levies a property tax of 9.25 mills on residential and commercial properties within its boundaries. An additional levy of .199 mills is placed on properties in Cherry Hills Village to pay retirement benefits for former employees of the Cherry Hills Fire Protection District.

Property taxes for any Colorado special district are figured by multiplying the actual value of the property (as calculated by the county assessor) times an assessment rate set by the state, times the mill levy. In 2006 the assessment rate was 7.96% for residential property and 29% for all other property.

An example: A residence valued at $250,000 x .0796 (residential assessment rate) = $19,900 (assessed value) x .00895 (SMFR mill levy rate) = $178 annual tax bill for fire and rescue services.

Each year the South Metro Fire Rescue Board holds a public hearing on its proposed budget for the coming year. This hearing usually takes place in November or December and is conducted during a board meeting. 

Copy of the 2007 budget. (This is a large file and may take a few minutes to download, depending on the speed of your internet connection.) You can also download a copy of the 2006 annual financial report (also referred to as "the audit").

This link will give you a (pdf. file) copy of the 2006 budget.