Posted on September 9, 2019 at 12:05 PM by Ryne Dittmer
Funding for the many services and amenities enjoyed by Parker’s residents and visitors, including police protection and public safety; road and traffic enhancements and improvements; parks, trails and recreation facilities; cultural activities and performances; community events and more is provided by the Town’s various revenue sources.
In 2021, these sources included, sales and use tax (39.9% of revenue collected); charges for services (20.3%); intergovernmental agreements (6.1%); transfers in (16.6%); other taxes (4.4%); miscellaneous sources (9.1%); licenses and permits (1.7%); general property tax (1.8%); and fines and forfeitures (0.1%).
Sales tax is the Town’s main source of revenue, accounting for more than 80% of all taxes collected each year. The total sales tax rate in Parker is 8%, of which the Town receives 3%. Of the remaining 5%, the State of Colorado receives 2.9%, Douglas County receives 1%, the Regional Transportation District receives 1%, and the Scientific and Cultural Facilities District receives 0.1%. The Town’s portion of sales tax is split, with 2.5% going to the General Fund and 0.5% directed to Parks and Recreation.
General Property Tax represents a small portion of the Town’s annual revenue, as most property tax dollars are distributed to other taxing authorities. While property tax has increased over the years, the Town of Parker’s portion has remained the same (2.602 mills) since 1997. This amount equates to approximately $75 annually on a $400,000 home. You can view a full breakdown of your property tax and what entities it is paid to by visiting www.douglas.co.us/assessor and typing your street address in the search bar.
Explore the Town’s budget in more detail with the resources provided on the Town of Parker’s Finance Department webpage.
Additional Resources:
Town of Parker Budget Documents
2021 Budget in Brief Document
Sales Tax Division