GarCo collected $46 million in property taxes | PostIndependent.com
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GarCo collected $46 million in property taxes

Garfield County collected $46.8 million in property taxes in 2002, according to a semi-annual report issued Monday by Garfield County Treasurer Georgia Chamberlain.

“We collected 99 percent of the taxes that were due,” Chamberlain told the Garfield County commissioners.

Of the total, 23 percent or $11 million, went to Garfield County itself, with the treasurer’s office distributing the remainder to dozens of special taxing districts, school districts and towns.



The Roaring Fork Re-1 School District was the biggest non-county-related recipient with $13.1 million, followed by the Garfield County Re-2 School District with $7 million, and Colorado Mountain College with $3.1 million.

The Garfield County treasurer’s office also collects sales tax, pulling in $5.9 million in 2002, compared to $5.7 million in 2001.



Garfield County assesses a 0.25 percent sales tax earmarked for libraries and public works, and a 0.75 percent sales tax, split between other county departments and municipalities.

Chamberlain’s report shows that as of Dec. 31, 2002, Garfield County had $22.5 million in bank deposits and other investments.

Approximately half that total is taxes the treasurer’s office collected for municipalities, special districts and school districts, which were then paid out on Jan. 10, said deputy treasurer Jean Richardson.

Garfield County’s general fund balance was $7.1 million as of Dec. 31. The road and bridge fund balance was $5.7 million, social services $1.2 million and reserves $855,000. Other balances include $220,000 in the library capital improvement fund, and $91,000 for the Garfield County Fair Board.

Chamberlain also issued her annual Garfield County public trustee report on Monday, which showed 69 property foreclosures in 2002, up from 47 in 2001.

Contact Lynn Burton: 945-8515, ext. 534

lburton@postindependent.com


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