Citizens committed to the future and sustained growth of the City of Castle Pines North
Dramatic Tax Savings Opportunity1: $596 per household = $38,385 increase in average home value2
CPNMD customers pay one of the highest tax rates in the south metro Denver area.
With the integration of the CPN Metro District (CPNMD) into the city, the average annual household reduction in annual taxes is around 10 mills.
This equates to an annual household savings of $596. The potential savings amount for businesses is 3.6 times higher ($2,169) for the same assessed business valuation.
Lower taxes mean higher property values estimated at $38,385 for an average home. Lower taxes also let businesses survive in CPN.
The savings does NOT impact renewable water.
Potential cost savings from integration with the City: $1.7 million per year
The annual savings equates to a mill levy reduction of nearly 10 mills, bringing our total tax burden more into line with surrounding areas.
Businesses' CAM Charges – CPN Dramatically Higher
1Based on the recent “Home Rule City Impacts Study” from a reputable economics study firm commissioned by the City of Castle Pines North.
2Based upon a home value of $400,000.