Milliken is located in Weld County, Colorado. The schedule of taxes within the Town limits for 2010 are as follows.
- Milliken Sales Tax - 2.5%
- Colorado State Sales Tax - 2.9%
- Milliken Mill Levy - 19.808 (for 2010)
Total Mill-Levy
The Millage Rate identifies the total aggregate millage rate levied for a particular parcel. Parcels in the same Tax Area will share the same Millage Amount.
A ''Mill'' is a monetary unit equal to one one thousandths of a Dollar. It is set by the representatives of a Taxing Authority each year to fund their jurisdiction's budget. According to State Law, budgets cannot be set without public hearings for citizen input.
If the approved Millage-Levy in your area is 24.809601, and the Taxable Value (Assessed Value minus any Exempt Value) of your property is ,000, then:
24.809601 times $ 50,000 divided by 1000 = 40.48
In this example, the property tax would be 40.48 for this parcel. Each year, the Millage Rate is reset according to approved budget considerations and revised assessments.
One easy way to estimate the tax is to round the Millage Rate to dollars and times this amount by the number of ''thousands'' you have in taxable Value.
Millage Rate = 24.809601, convert to .00
Thousands of Taxable Value = $ 50,000, convert to 50.
Thus:
50 times = 50.00 (a very close estimate to 40.48)
