Living at 9318' |
Taxes in San Juan CountyFor current tax information please visit the Assessor's Office or the Treasurer's Office.
Real Property Assessments (Fair Market Valuations) Residential Real estate is assessed at 7.96 percent of the actual or fair market value, as determined by the Office of the Assessor. Commercial and Vacant Real estate in Colorado is assessed at 29 percent. Questions about real property assessments or fair market valuations should be directed to the Office of the Assessor. Real Estate Taxes Real estate taxes are based on real property values, set by the County Assessor, real property assessment rates, set by the Colorado Legislature, and the mill levy, which is set annually by each individual taxing entity (i.e. school districts, cities, counties, fire districts, improvement districts). Special Districts A special district is an independent unit of local government organized to perform a single governmental function or a restricted number of related functions. Special districts usually have the power to incur debt and levy taxes. Examples of special districts are metropolitan and water and sanitation districts. Personal Property Assessments Personal property tax is levied each calendar year on all business personal property assets, such as machinery, equipment and any other articles related to the operation of the business. Businesses are statutorily required to file a personal property declaration with the Assessor each year by April 15th, listing all assets owned as of January 1, excluding any inventory, along with information regarding the original date and cost of acquisition for those assets. Business personal property is assessed at 29% of the actual value. Motor vehicles, trailers, campers, mobile homes, boats and airplanes with "situs" in the county also pay personal property taxes as part of vehicle registration. A vehicle has situs for taxation in the county if it is garaged, parked, or stored in the county, or if it is registered to a county address with the Colorado Department of Motor Vehicles. Sales Tax Sales taxes are the primary source of funding for the Town. |