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SUBJECT: EXPLORATION OF POTENTIAL NEW REVENUE SOURCES - CAPITAL <br />DATE: MAY 15, 2025 <br />The median -valued home in Louisville at $840,000 amounts to approximately -$4,700 <br />annually in total property taxes. <br />($840,000 - $55,000) X 6.7% = $52,595 X 89.9 mills = approx. $4,700 <br />Properties that fall into these categories will have the value adjustment applied to their Actual Value <br />before multiplying by the assessment rate. For example: <br />Actual Value Assessment Assessed <br />Value — Adjustment ) X Rate = Value <br />& then <br />Assessed Mill Taxes <br />Value X Levy = Due <br />Source: Boulder County Assessor <br />Louisville residents, in total, (excluding those within Metro Districts) are charged -89.9 <br />mills, broken out as follows: <br />Chart 1: Pie Chart of Mills paid by a Louisville Resident (2024) <br />"Where do my Property Taxes go?" <br />City (2024) <br />Property Tax - By Taxing Entity <br />BVSD <br />Flood and Drainage <br />District, 0.9, 1% <br />No Colorado Water <br />District, 1, 1% <br />Louisville Fire, <br />10.586, 12% <br />City (2024), 6.559, <br />7% <br />Boulder County <br />No Colorado Water District Flood and Drainage District Louisville Fire <br />FINANCE COMMITTEE COMMUNICATION <br />12/107 <br />