All of the revenue generated by property taxes in Rio Blanco County stays in the county and supports public schools, county government, special districts, municipal government, and junior colleges.  Your property taxes do not fund any state services.

Colorado law created two residential assessment rates: one for school district taxes and one for all other local government taxes.

Rates are:

7.05% for school district taxes
6.25% for other local government taxes

This calculation is used to determine your property tax:
Actual Value x Assessment Rate x Mill Levy / 1000 = Property Tax

 

Examples of Property Tax calculations to combine both Local Government and School taxes:
Actual Value $275,000.00
X Local Government Assessed Rate 0.0625
= Local Government Assessed Value $17,187.50
Local Government Assessed Value $17, 187.50
X Local Government Tax Rate 0.02573
= Local Government Taxes Due $442.23
Actual Value $275,000.00
X School District Assessed Rate 0.0705
= School District Assessed Value $19, 387.50
School District Assessed Value $19, 387.50
X School District Tax Rate 0.06690
= School District Taxes Due + $1,297.02
__________________
Local + School  = Total Taxes Due = $1, 739.25