Eagle-Vail voters asked to increase taxes
Eagle-Vail, CO Colorado
EAGLE-VAIL, Colorado –Eagle-Vail homeowners looking improve the community’s pool, trails, golf course, pavilion and other amenities are hoping other residents feel the same way.
Mike Connolly, the Eagle-Vail Property Owners Association president and chairman of Neighbors for the Future of Eagle-Vail, hosted another community meeting Tuesday night for residents to ask questions about the proposed increase in the community’s property tax rate, from 14.835 to 19.835, an increase of 5 mills. It would equal about $200 more in taxes a year for a $500,000 property, Connolly said.
Some residents had serious questions about whether a tax increase in the middle of a recession is the right thing to do.
“It seems the timing is a little bit off,” said Matt Dean, an Eagle-Vail homeowner.
Connolly disagrees. The tax increase would generate about $487,00 per year until $7 million is raised – money that would pay for improvements that voters approved on a 2007 ballot question.
The problem is that revenue has declined since then and the Eagle-Vail Metropolitan District’s board doesn’t want to finance improvement using the existing revenue stream. Drops came from a decrease in the value of property assessments, lower golf course revenues and Eagle Bend’s decision to leave the metro district.
Connolly said the community can’t keep deferring important projects or property values will suffer even more.
Thomas Anderson, a resident at Tuesday’s meeting, asked if the board has researched annexing into Avon and using its amenities, but Connolly said that wouldn’t change the fact that Eagle-Vail needs improvements.
“I believe the future of our community is in our hands, not Avon’s or Vail’s,” he said.
The $7 million raised if voters approve the increase would have to be spent on exactly what’s stated in the ballot question – parks and recreation facilities. Connolly said the money would pay for more than just the pool, although about half the money would be spent on the pool and pool building.
Connolly said residents might not see an increase at all with the proposal, since lower assessments will mean taxes will already be going down.
“Their valuations will likely go down 10 percent to 20 percent or even more,” Connolly said. “The net effect could very well turn out to be zero.”
Residents Tuesday night weren’t so sure. About 40 people came to the meeting and asked mostly questions that indicated they opposed the idea.
Election day is Tuesday, Nov. 3.
Lauren Glendenning can be reached at 970-748-2983 or email@example.com