Pursuant to House Bill 08-1125, attached is the Littleton Fire Protection District Audit Report for the year ended December 31, 2014, serving Arapahoe, Jefferson and Douglas Counties.
LFPD 2014 Financial Highlights
Funding for LFPD is provided through a property tax mill levy of 7.678 mills. The mill levy for the District has been at 7.678 mills since 2004, when an election raised the levy by 1.000 mills. The approximate total assessed valuation of property within the District is $850 million.
For residential real estate the District’s mill levy rate of 7.678 mills raises property taxes of $6.11 for each $10,000 of appraised value. A home in the District appraised at $250,000 would pay $152.79 annually in property taxes to the District.
For non-residential real estate the District’s mill levy rate of 7.678 mills raises property taxes of $22.27 for each $10,000 of appraised value. A commercial building in the District appraised at $500,000 would pay $1,113.31 annually in property taxes to the District.
Mill Levy comparison:
Over 90% of the District’s total 2014 budgeted revenue of $7 million revenue comes from property taxes:
By geography over 60% of the District’s revenue comes from Arapahoe County, and over 30% comes from Jefferson County:
LFPD contracts with Littleton Fire Rescue (LFR) to provide fire and emergency rescue services for the residents and businesses within the District via an intergovernmental agreement (IGA) with the City of Littleton.
Most of the District’s 2014 Budget expenses of $7.8 million goes to pay for the contract with the City of Littleton and to pay for capital items like fire engines, medic units, and station repairs and upkeep.