Published on Friday, April 27 2012 23:33
Courier Duck Race Mascot Needs A Name
BY NELLIE NIBNOSE
Published on Friday, April 27 2012 23:31
Niwot Road Intersections May Get Makeovers MAY 2012
BY KIM GLASSCOCK
Published on Friday, April 27 2012 23:23
Photo by Mary Wolbach Lopert
Bunny It’s Cold Out Here
This little cottontail was spotted keeping warm at a house in Gunbarrel. Since it was just before Easter, maybe he was scouting out places to hide eggs.
Published on Friday, April 27 2012 23:21
New PID Considered For Niwot Community Service Area Road Paving
BY KIM GLASSCOCK
Nearly 100 Niwot residents turned out on April 11 to hear about a proposal to form a public improvement district to raise tax revenues to be used to fix Niwot’s deteriorating subdivision and local access roads.
The meeting was sponsored by the Niwot Community Association, which is coordinating the move to form the proposed PID. NCA member Dick Piland explained the PID proposal and answered residents’ questions, along with Boulder County Transportation Director George Gerstle and county transportation engineer Mike Thomas.
The PID proposal for Niwot roads would create a mil levy tax, not a property assessment. The amount of tax due would be based on each property’s assessed valuation.
The proposal calls for creating a front loaded PID, which means the tax rate would be higher for the first six years and then drop to a lower rate. This allows road work to begin earlier as funds accrue, Piland said, and avoids the cost of borrowing, which can add 35 to 40 percent to the project’s total cost.
Published on Friday, April 27 2012 23:16
To estimate your residential PID tax amount:
One mil equals $1 per $1,000 of assessed value.
Find your property’s assessed value (listed on the January property tax bill from the Boulder County Treasurer’s office)
Divide the assessed value by 1,000.
Multiply that number by 8.5 to figure the yearly tax amount for the first six years; by 4.5 to figure year seven and beyond.
Example: A house valued at $624,000 in actual value has an assessed value of $49,670.
1 mil of the PID tax equals $49.67.
8.5 mils is $422.20 per year
4.5 mils is $223.52 per year