County commissioners approve 2016 budget

9th December, 2015 by

By Randy Wyrick

EAGLE — Your county property taxes rate will not increase. However, your property taxes probably will.The county’s property tax rate has not changed since 2004, and it won’t change next year. When the county commissioners approved the county’s 2016 budget Tuesday, they left the property tax rate alone.That’s because revenues are increasing slowly, said John Lewis, Eagle County’s finance director.Property values are back up following a 30 percent crash when the economy tanked. That means the county’s property tax revenue will be up 12 percent in 2016. Sales taxes are back to 2007 levels, up $400,000 to $8.8 million total.That …

Source:: Vail Daily Feed