"Over the past 14 years, Colorado’s
tax burden has fallen from being relatively close
to the national average in 1990 to currently standing
substantially below the national average. Over this
period of time, individual incomes of taxpayers have
risen faster than state/local tax collections thanks
largely to the unique Taxpayer’s Bill of Rights
amendment in the state’s constitution. Estimated
in 2004 at 9.1% of income, Colorado’s state/local
tax burden percentage ranks 40th nationally, well
below the national average of 10.0%." -
The Tax Foundation
Colorado has a pro-business tax climate that is equitable
to businesses as well as individuals.
Income, property, and sales and use taxes are the
three main sources of tax revenue for state and local
governments in Colorado.
In May of 2003, the Tax Foundation published its
State Business Tax Climate Index, which ranked
Coloradoas having the 4th smallest
business tax burden in the nation. The report
based its rankings on five major elements of the tax
system: the percentage of income taken by all taxes,
the individual income tax rates, the corporate income
taxes, the sales tax rate, and the complexity of the
tax system.
Tax and Spending Limitation (TABOR Amendment) The Taxpayer’s Bill of Rights (TABOR),
an amendment to the State Constitution, was passed
in 1992. TABOR requires that all tax increases be
approved by a vote of the people. Under TABOR, the
maximum annual percentage change in state fiscal year
spending equals inflation plus the percentage change
in state population in the prior calendar year, adjusted
for revenue changes approved by voters.
Local district fiscal year spending is limited to
inflation in the prior calendar year plus annual “local
growth.” Local growth for non-school district
is defined as the net percentage change in actual
value of all taxable real property in a district.
For a school district, it means the percentage change
in its student enrollment.
City of Wheat Ridge
Public Works Department 7500 W. 29th Avenue
Wheat Ridge, CO 80215
303-235-2846
*Fees posted
Real
Estate Comparisons
Office
Submarkets
Rentable SF
VSF
Vacancy
Net Absorption SF
Median
Rate
Denver Metro
89,636,171
17,495,064
19.52%
(1,196,978)
$18.15
Class A
43,765,739
7,846,216
17.93%
(171,075)
$23.00
Class B
35,039,713
7,280,760
20.78%
(580,049)
$17.90
Class C
10,830,719
2,368,088
21.86%
(445,845)
$14.60
Jefferson County
7,812,901
1,212,974
15.53%
11,445
$17.75
Class A
2,002,757
236,420
11.80%
(32,054)
$19.25
Class B
4,763,108
754,183
15.83%
77,727
$18.00
Class C
1,047,036
222,371
21.24%
(34,228)
$13.63
Industrial
Submarkets
Inventory
VSF
Vacancy
Absorption
Median
Rate
Denver Metro
Ind/Warehouse
154,602,327
10,161,215
6.57%
40,735
n/a
Flex/R&D
23,149,370
3,261,798
14.09%
3,518
n/a
Jefferson County
Ind/Warehouse
31,710,040
888,249
2.80%
54,640
$6.00 NNN
Flex/R&D
4,588,227
364,386
7.94%
(48,199)
$9.00 NNN
Source: Information provided by Frederick Ross Company, 3rd quarter 2009.
Utility
Costs
Jefferson County's utility rates are
among the lowest in the nation. The following charts shows
comparisons for commercial, industrial, and residential
use.
