District Revenue
Timbers Metropolitan District Revenue
The District collects revenue through property taxes. These property taxes are used to support District debt, capital improvements, operations and maintenance.
The District Board determines a mill levy (or a tax rate) to be collected from residents of the District on an annual basis. One mill is one dollar per $1,000 dollars of assessed value.
The District has voter approval to collect up to 10 mills for the purpose of operations and maintenance and up to 50 mills for the repayment of debt.
For the year 2025, the Board of Directors has determined to collect 5 mills for the General Fund (O&M) and 25 mills for the Debt Service Fund. Therefore, a total collection of 30 mills for Timbers Metropolitan District in the year 2025.
For the years 2023 and 2024 (taxes collected in 2024 & 2025) the state legislature approved a reduction of $55,000 from the actual value of your home. They also adjusted the residential assessment rate to 6.7%.
A Sample Calculation for a home valued at $1,000,000:
Total Actual Value: $1,000,000
Legislative Adjustment: $55,000
Taxable Actual Value: $945,000
$1,000,000 - $55,000 = $945,000
Taxable Actual Value: $945,000
Residential Assessment Rate: 6.7%
Total Assessed Value: $63,315
$945,000 x .067 = $63,315
Total Assessed Value: $63,315
Mill Levy for Timbers Metro: 30 Mills
Taxes Due to the District: $1,899
$63,315 x .03 = $1,899
This calculation only provides the taxes due to the District specifically. For a full view of your tax bill, visit the Douglas County Assessor's Office online at https://www.douglas.co.us/assessor/. Use the Property Search tool to see more detail on your property and to see which Districts you reside in. You likely live within a fire district, a school district, a water district and transportation district.
