Help for Weld County Flood Victims
The Colorado State Legislature recently passed House Bill 14-1001. This Bill made State funds available to Counties in order to reimburse property owners that suffered total losses due to the recent fire and flood damage in 2013. The Assessor’s and Treasurer’s offices in Weld County provided a list of affected properties to the State for this purpose. The Treasurer recently received these funds and has now disbursed the funds to disaffected owners that paid their 2013 property taxes. Questions concerning this Bill can be directed to the Treasurer’s office from 8 a.m. to 5 p.m., Monday through Friday.
The Treasurer is charged with collecting all county property taxes, making distribution of those taxes to the various underlying authorities and investing the difference on behalf of the County.
Property Tax Collections
Property taxes are collected one year in arrears. In 2009 the Treasurer's office collected the 2008 taxes for a total value of $325 million on 170,000 tax bills. By June 30 each year we have generally collected about 95% of all tax dollars and 90% of all tax bills are paid. The remaining six months of the year are spent collecting the 5% of tax dollars that have not been paid. 99.9% of all taxes are collected before the end of year.
In 2009 we distributed property taxes to about 300 underlying authorities. The school districts are by far the largest single portion of the property tax dollars at nearly 50% followed by the County at about 20%, all other authorities share the remaining amount. The Treasurer prepares monthly statements reflecting amounts collected and disbursed to all underlying authorities.
The county holds a portfolio of investments including Federal Government Agency bonds with a duration of five years or less, some local bank certificates of deposit and money market funds all in accordance with the state statutes on public fund investments..
In addition to the collection of taxes, the office also performs tax deferment applications, mobile home authentications, prepares Certificates of Taxes Due and responds to other inquiries related to taxation.
Reports of the fiscal activities of the Treasurer's office are submitted to the county commissioners and published semi-annually.
The Treasurer enforces collection of delinquent taxes by conducting an annual delinquent real estate property tax sale. Personal property is subject to distraint, seizure and sale of the property
The Treasurer, an appointed position as of January 1, 2003, is also a member (currently Chairman) of the Weld County Retirement Board.