County Level

Personal Property Tax RebateJefferson County Colorado
The following chart describes the process an applicant uses when applying for a personal property tax rebate in Jefferson County.

Applications for businesses requesting a personal property tax rebate can be obtained from Jefferson Economic Council by calling (303) 202-2965.

Calculating Rebate Amount
Industrial and commercial property is assessed for property tax purposes at 29% of market value. Jefferson County's mill levy is 25.978 mills. Because of the various special and school districts and incorporated cities and towns, total mill levies can vary.

The average total mill levy in Jefferson County is about 98-100 mills. However, the rebate only applies to the mill levy portion collected by the negotiating entity, ie. county, municipality or school district.

Sample Calculation: The following is a sample formula for calculating the personal property tax rebate for the county's portion of the mill levy:
  • 29% x market value of personal property x county's mill levy x 50% = Yearly rebate for up to four years
  • 29% x $10 million in personal property x 25.978 mills or (.025978) x 50% = $37,668 over four years = $150,672 (less depreciation)
Corporate Personal Property Tax Rebate
This program allows local counties, municipalities, and school districts to negotiate with new and expanding Colorado companies for corporate personal property tax rebates of up to 50 percent for up to four years. Jefferson Economic Council facilitates requests for program applicants in Jefferson County on behalf of the county and school district.

How to Qualify
To qualify for a rebate, the project must fall in to one of the following categories:
  • New Business Facility - A newly acquired, constructed, or leased facility used to operate a revenue-producing enterprise.
  • Qualified Replacement Facility - A facility in which a business has invested at least $3 million or 300 percent of the investment in the old facility.
  • Qualified Expansion Facility - Expansion qualifies under new business facility and the facility isn't a replacement facility.
In addition, a company requesting a rebate must be a primary employer, a company that sells a product or service outside the County (bringing new dollars into the County) and pay average salaries of over $33,394 (excluding top management). JEC will also perform an economic impact analysis to show if the project will bring a positive revenue return to Jefferson County.