General Information
Treasurer's Office Functions:
The Office of the Treasurer
Treasurer Responsibilities
The County Banker
The Treasurer's Investment Policies
General Tax Information:
Frequently Asked Questions (FAQ)
Information for Property Owners
Payment Due Dates
Tax Statements
How to Interpret Your Tax Notice
How to Obtain the Status of Your Tax Payment
Important Dates Concerning the Tax Process
Special Taxing Districts
Special Improvements Districts (SIDS)
Tax Lien Sale
Help for Seniors:
Referendum "A" - the Seniors Property Tax Exemption (Jefferson County Assessor)
Property Tax Deferral
Tax Credit for Seniors and disabled
City Tax Credit
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The Office of the Treasurer
The Jefferson County Treasurer is an elected official who must be a qualified elector of the State of Colorado and a resident of Jefferson County one year prior to election. The Board of County Commissioners appropriates the budget of the Treasurer's office.
All of the activities of the Treasurer's office are specifically mandated by the Constitution of the State of Colorado and state statutes.
Treasurer Responsibilities
1. Collect all real and personal property taxes for the county, all the cities in the county, the school district, and all of the more than 180 special districts which operate in the county.
The Treasurer is not responsible for calculating or determining the amount of taxes due.
Property taxes are determined by multiplying the tax rate by the assessed or taxable value of the property.
The assessor is responsible for determining the property value. The state legislature establishes the assessment rate. The county commissioners, the city councils, the school board, and the boards of directors of the special districts set the tax rate (mill levy) for their district.
2. Account for and disburse all property taxes. Over 70% of the property taxes collected by the Jefferson County Treasurer are dispersed to the cities, the school district and the special districts.
The Treasurer disburses taxes monthly to each of the taxing authorities but does not disburse funds allocated for the county use. The Jefferson County Commissioners are responsible for the disbursement of these funds through warrants.
3. Invest county funds, until those funds are needed to pay obligations.
The Treasurer is not responsible for sales tax assessed in the county. The state department of revenue collects all county sales tax.
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The County Banker
The Jefferson County Treasurer is also the banker for the county and as such is responsible for receiving and depositing all county revenues in addition to property taxes. The Treasurer is responsible for investing and safeguarding these funds per state statute until they are disbursed for county expenditures and purchases.
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Investment Policies
The Treasurer invests certain county funds until they are needed to pay obligations. The general guidelines for selecting investments involve safety, liquidity and earnings.
To assure safety, the county has adopted investment restrictions and procedures that are more conservative and stringent than state statues requires. Deposits held in banks are collateralized in excess of FDIC insurance levels.
The county maintains liquidity by investing primarily in bonds issued by the U.S. Treasury and other federal agencies. The county's portfolio is highly liquid and emphasis is placed on accurately planning to match expenditures.
Given the restrictions of safety and liquidity, the county maximizes earnings through sophisticated institution investing techniques along with minimizing the costs of banking and safekeeping.
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Information for Property Owners
In January of each year the Treasurer sends each property owner a tax statement for the taxes due and payable in that year. Taxes are paid one year in arrears, so the tax statement covers the taxes for the previous assessment year (i.e. 2001 taxes are payable in 2002).
Tax statements are for either real property or personal property. Real property includes land and improvements (such as a house, manufactured home, garage, barn, etc.). Personal property includes fixtures, equipment and furniture used to conduct business and is attributable only to non-residential property.
Tax Statements Delivery Date. Every effort is made to deliver a tax statement shortly after the 1st of the year. Failure to receive a tax statement does not relieve the property owner's liability for paying taxes on time.
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Special Taxing Districts and Special Improvements Districts
A special district is a taxing authority formed and empowered to set mill levies and collect property taxes for special services such as water and sanitation, fire protection or recreation.
A special improvement district (SID) is a district formed by the municipalities and/or the county with the power to lay special assessments on the property for the cost of the construction of infrastructures that benefit those properties. (i.e. road paving or new water and sewer lines.) The assessment is collected by the Treasurer with property taxes and is shown separately on the tax statement.
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Help for Seniors
Tax Deferral Program.
For qualified seniors who apply for this program with the Treasurer's office, the state will pay property taxes and hold a lien on their property until they no longer qualify for the program, or decide to sell the property.
Tax Credit for the Elderly and Disabled
The Colorado Department of Revenue offers a tax credit to qualified seniors and the disabled. It may be applied for when filing the state income tax return. Contact the State Department of Revenue for further information.
City Tax Credit
Some cities in Jefferson County also offer tax relief. Residents need to contact their city's Clerk to find out if their city has such a program.
Last Modified:
Apr 20, 2010 02:11 PM