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HomeMy WebLinkAbout2025 - RESO 53 - Mill Levy CertificationCITY OF WHEAT RIDGE, COLORADO RESOLUTION NO. 53 SERIES OF 2025 TITLE: A RESOLUTION LEVYING GENERAL PROPERTY TAXES FOR THE YEAR 2025, TO HELP DEFRAY THE COST OF GOVERNMENT FOR THE CITY OF WHEAT RIDGE, COLORADO FOR THE 2026 BUDGET YEAR WHEREAS, the City Council of the City of Wheat Ridge adopted the 2026 annual budget on October 27, 2025, in accordance with the Local Government Budget Law, and; WHEREAS, the amount of money necessary to balance the budget for general operating purposes from real property tax revenue is $1,545,924, and; WHEREAS, the Local Government Budget Law requires certification of the annual property tax mill levy by December 15, 2025, and; WHEREAS, the total net assessed valuation of all taxable property subject to taxation for the year 2025 is $844,767,375 and; WHEREAS, the City has determined to levy 1.830 mills on all taxable property within the City for the fiscal year 2025. NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WHEAT RIDGE: A. That for the purpose of meeting all general operating expenses of the City of Wheat Ridge during the 2026 budget year, there is hereby levied a tax of 1.830 mills placed upon each dollar of the total valuation of all taxable property within the City of Wheat Ridge for the year 2025. B. That the Mayor of the City of Wheat Ridge is hereby authorized and directed to immediately certify to the County Commissioners of Jefferson County, Colorado the mill levy for the City of Wheat Ridge as herein above determined and set. DONE AND RESOLVED this 27th day of October 2025 ATTEST: Margy Greer, Sr. Deputy City Clerk Bud Starker, Mayor