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<br />0016H <br /> <br />( <br /> <br />v. FINANCIAL STRUCTURES <br /> <br />A. Local Tax Base <br /> <br />Underassessment limits bonding capability. (The average rate of <br />assessment in the region, based on 1974 sales ratio figures, is 17.8% <br />for i~provcd residei~tial property. Low 6~SCSS1~~nt rates act as a <br />restriction to bonding capabilities when the 3% limit on general <br />obl igation bonding is iGposed.) <br /> <br />The money n:?EdecJ for imprO\!E'iil2nts in most. cases is much greuter than <br />the bonding capabil itles of the co:~:;:::nities. <br /> <br />* <br /> <br />The state property tax review bCJrd is seeking to estJblish a more <br />uniform d'2tei""mination of assessed valLIJtior.. <br /> <br />* <br /> <br />A few co<:i!"unities have ititiated or incI'eased a local sales tax. <br /> <br />B. <br /> <br />Ta~se S~~ring <br /> <br />County-city: Most of th2 increases in assessments due to industrial <br />development are part of th~ county tax base but not the city tax base. <br />([Y.~!'l~"LES: C'-,:;19"-;':3)'d':::;j plr:nt; cl~'..n:ty g.:.:t.::; revr:nue:> city '~.F.:t.;" hn.i1lt of <br />illipact. Hayden = $1.1 mi1iion assessed value. Hayden school district <br />$22 million assessed value of which 80% is industrial base) <br /> <br />COl;nty-collnty: (D;1iWLES: OccidEntal plant in Garfield county, ilnpact <br />in r.lesa County. CMbondale mine in Pitkin County impact in Garfield <br />County) <br /> <br />State-state: (EXAr1PLES: U-a, U-b sites in Utah; Colol"ado 1 ikely vJil1 <br />get impact in Rangely) <br /> <br />* <br /> <br />P:'(J:)(ls'~d seve'(1i-:ce tc:Y 1 :-":1 \'Ii "I"] t't:'--(iisll i[)cjL0. tax revenues ilCcci~d;ng to <br />reed. <br /> <br />c. ~ayi n9 fOl' Gro'.'/th <br /> <br />\-;h:) I,-;i 11 pay for Ot~~:"',!trl 01:d hC','i ~.:-j:: ~p-o'.rth be p2id for? Hhich <br />m2chinanisrr;s \,till be used: Federal, State, industy"y, front-end <br />financing, severance taxes, reg'jonal income taxes, prepayment of <br />prope(ty taxes, and severance taxes by i ndllstr"y. <br /> <br />, <br />