Olathe Fire Protection District Seeks a Mill Levy Increase due to drop in Residential Assessment Rate

Colorado Legislation now sets the Residential Assessment Rate (RAR)

Did you know?  Property tax revenue supports public schools, county governments, special districts to include fire districts, municipal governments, and junior colleges.  All of the revenue generated by property taxes stays within your county. Property taxes do not fund any state services.

A residential property with a market value of $400,000 has a taxable value of $272,000, this means property taxes are calculated only on the $272,000.  The assessment rate is currently at 7.15% ($20,000 assessed value for $400,000 property) The residential assessment rate will drop to 6.95% for property taxes collected in 2023 and will again drop to 6.765% for property tax collection in 2024.  Real property is revalued every odd-numbered year, the 2025 rate has not yet been calculated.  This means up to a 28% tax revenue reduction for OFPD.

​OFPD seeks an increase to the annual budget through a mill levy increase for the purpose of providing emergency services while maintaining the current levels of service for medical emergencies, rescue calls, brush fires, wildfires, and structure fires 24 hours a day, 7 days a week. ​

All of the tax rates of the various taxing authorities providing services in our tax area are added together to form the total tax rate.
​  County Tax Rate 0.019610
  City Tax Rate 0.008752
  School District Tax Rate 0.052116
  Fire District Tax Rate 0.007516
  Water and Sanitation Tax Rate 0.000693
​  Total Tax Rate 0.088687