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Some are not located in the sweet spots of oil and gas production, in which case their assessed values may not be that high, and those entities may raise the mill levy to maintain their yearly budgets.

In broad terms, the higher the assessed value of oil and gas, the more Nike Mens Jackets Online

It's important to note, though, that the full amount Weld residents pay in property taxes will not necessarily decrease if assessed values continue to climb, Woodruff said.

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When Weld County residents receive their property tax notices at the end of this week or the beginning of next, they'll also get a letter from Weld officials trumpeting a consistently low mill levy which they say has saved taxpayers $278 million over the past two decades.

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There are many individual factors, such as a home improvement project that can change assessed values as well, Woodruff said, so the savings and market values are not always linked.

About 9 percent goes to roads and bridges, about 7 percent goes toward capital projects such as the jail expansion and about 5 percent goes toward Human Services.

a savings of $90 per year for owners of a residential property worth $200,000.

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While the mill levy has been the same for the past seven years, the savings to taxpayers depends on the amount of revenue the county generates, which loosely depends on the market for residential, oil and gas and other types of land, said Weld County Assessor Chris Woodruff.

they brought in less revenue from low market values.

For example, assessed values in Weld dropped a full $1 billion from 2009 2010 due to the Great Recession. Weld commissioners during that time did not raise the mill levy, meaning Nike Jacket Zip

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money those companies pay, and the less the county will have to rely on residential property to fund basic government services meaning a mill levy reduction.

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Most of that goes to the county's General Fund, which pays for operations in the Sheriff's Office, the District Attorney's Office, all county departments, administrative costs, the county fair and more, Warden said.

Weld commissioners last year said they were Nike Pullover Grey even hoping to lower the mill levy for 2014, but emergency funding was needed for the flood disaster in September.

278 million in property tax savings

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Other districts may have "deBruced," meaning they asked voters to allow them to keep revenues above what is allowed in the state Constitution.

Don Warden, Weld County's interim director of finance and administration, said about $117 million, or nearly 46 percent of the county's budget this year, will come from property taxes.

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Another factor in property taxes is the growth of oil and gas development in Weld County, which this year will account for 55 percent of all property tax revenue up from 45 percent in 2011.

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Weld's property tax rate, at 16.804 mills, is well below the maximum mill levy of 22.457 outlined in the Colorado Constitution. The savings is 5.653 mills, or $5.65 per $1,000 of assessed value, the letter states. That translates to Nike Dri Fit Jacket Waterproof

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