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11 hours ago · The county council has signaled it would nip a property tax increase in the bud if Proposition 18 for the sales tax passes, calling the property tax option a contingency. Because Summit County's budget season coincides with election season, state law required the county council to begin the property tax process—called Truth in Taxation— before the November election .
- Summit County begins budget talks as voters consider sales ...
The county is facing a budget shortfall of around $12...
- Summit County begins budget talks as voters consider sales ...
Summit County voters are set to weigh in on one of the largest tax policy questions facing Colorado in years. Proposition HH was approved for the Nov. 7 ballot earlier this year by state...
Oct 3, 2024 · The county is facing a budget shortfall of around $12 million to $15 million, according to Summit County Chief Financial Officer Matt Leavitt. The council is hoping a proposed 0.5% sales tax increase on the ballot this November can fill the deficit.
Sep 19, 2024 · A sales tax to make up for the projected 2025 budget shortfall is on November's ballot. County Chief Financial Officer Matt Leavitt has estimated next year’s budget shortfall could range from $12 million to around $15 million.
- Connor Thomas
5 days ago · Property taxes now only need to be raised about 40% if the emergency services sales tax fails. The impact on a property owner would be approximately $15.25 per $100,000 of taxable value based on the 2024 numbers. Leavitt said that is not the same as market value. The average home in Summit County is valued at more than $2 million.
Nov 2, 2022 · This new ballot measure proposes that a 2% excise lodging tax be implemented across unincorporated Summit County, which are areas outside of town limits since those already have the ability...
People also ask
Are Summit County tax increases on the ballot?
Does Summit County impose sales tax?
What's on the ballot in Summit County's 2022 general election?
What are Summit County measures 1A and 1B?
Does measure 1B increase taxes?
Will residents get to vote on this increase? The property tax revenue increase is not a ballot measure. Residents are encouraged to comment on the proposed tax increase during one of three public meetings/public hearings scheduled to address the proposed increase.
