Hard to believe you will pay $6,400 a year (every year) in taxes on a $535K house, but here you have it!  Elbert County Commissioner Grant Thayer must’ve known a little something when in September, 2017 he publicly stated, “Buyer Beware” as he was questioned on the Independence Special District tax rates. Don’t worry though, he approved the development just minutes later. He had already done the math, obviously.

$533 a month!  Just in recurring property taxes!

I’ve said it in an earlier post, “Looking at the Elbert County Independence development “Engineering Estimates and Map of Improvements“, simple math suggests the project costs are going to REALLY swamp the new homeowners with crushing property taxes. By their own estimates, $184 Million divided by 920 lots is $200,000 per lot.  $200,000.00 PER LOT! And that doesn’t include the actual home!”  ($184M Map Of Improvements Link)

I dare you to try and find the property tax rates for ANY home listed for sale in Independence.  They’ve pretty much hidden them all.  That’s a number they do not want any prospective new homeowner to find (until of course it’s too late).  I cannot imagine anybody would want to hear they have to budget an extra $600 a month ON TOP of their principle, interest and insurance costs.

An example of how they hide the annual taxes on this $587,161 Independence Home.

I sure hope ALL prospective new home buyers are doing their due diligence and learning about how Special Districts operate in the Denver Metro Area, and especially in Elbert County.  Maybe you’ve stumbled into SaveElbertCounty.com because you’re looking to move here?  Here’s a few articles about Special District’s and how they tax below:

Channel 7 Special District Article

The Denver Post Special District Featured Story

Strong Town’s “Ticking Time  Bomb”

“Buyer Beware“.  Glad we could help you find your way, enjoy!