Carbondale voters will be asked on Election Day, April 5, to approve a new property tax to pay for capital improvements around town.
The proposed tax would assess an additional three mills to all real property within the town limits, which would amount to roughly $119 per year on a house valued at $500,000 by the Garfield County assessor.
For commercial properties, the tax hike would amount to about $870 per year on a business valued at $1 million, according to calculations by town officials.
According to town officials, the new tax would generate perhaps $425,000 a year or so, which could be used to leverage grants and other sources of income to multiply the ability of the tax to pay for costly improvements.
The tax is needed, town officials have decided, in order to create a pool of money for capital improvements, which in the past have been paid for largely by using a combination of money from the town’s general fund and payments from the Federal Mineral Lease Fund (FMLD) maintained by Garfield County, with some other resources.
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