2018 Mesa County Property Taxes Are On The Rise
According to KKCO 11 News some folks may be seeing a major hike on their 2018 property taxes.
See the VIDEO here.
While no one likes to pay more for anything there is a reason we’re experiencing this rise and we’d like to explain why it’s a good thing.
2017 Mill Levy
In our last County election in 2017 residents supported a mill levy increase of 12% to fund District 51 projects.
Why is this important?
Check out Citizens for School District 51 or Mackenzie Dodges’ YouTube interviews with the Orchard Mesa Middle School Principle.
As you can see our schools have been falling into disrepair for years, with many schools needing major infrastructure.
The good news is, this mill levy will help them accomplish those goals.
You might be asking what you get out of it….
You get a community that is stronger, that is a place people want to live, schools that are preparing our future leaders for success and more!
Economic Impact of Better Schools
According to Eric A. Hanushek at the Standford Hoover Institution,
Recent research by Jens Ruhose, Ludger Woessmann, and me shows clearly that the economic growth of a state is directly related to the skills of its workforce. And the skills of the workforce are heavily dependent on the state’s schools. Even with the considerable mobility of the U.S. population, the majority of students will continue to reside in the state where they were educated.
What this means is, if we bring up our school performance IT WILL result in a boost to the economy!
Housing Market
The Balance explains how Real Estate effects our economy. Stating,
It’s often the greatest source of wealth and savings for many families.
When you’re house is worth more you pay more in taxes, but according to EconomicsHelp.com when your house is worth more,
- Rising house prices, generally encourage consumer spending and lead to higher economic growth.
- A sharp drop in house prices adversely affects consumer confidence, construction and leads to lower economic growth.
Property Tax Formulation
Your property taxes are figure by the following formula:
- The assessed actual value of your property
- Multiplied by the assessment rate, which is a floating state rate
- Multiplied by a mill levy, determined by your local government
However, they don’t always get it right, if you feel a mistake was made you can appeal. For more information on your property taxes check out the Mesa County Assessor website HERE to check your assessment click HERE.
And as always if you’re thinking about buying or selling contact me!