Are there special taxes associated with living at Stapleton?
The City of Denver approved metropolitan districts to fund local infrastructure improvements such as pocket parks, local streets and wet utilities within Stapleton. The Westerly Creek Metropolitan District (WCMD) builds the improvements and sells bonds to fund those improvements. WCMD establishes an annual mill levy that is currently 54 mills and is adjusted annually and is applied to the assessment established each year by the County Assessor under state law. Increases are limited by agreements with the City and the bondholders. The advantages of this method of funding the infrastructure include: 1) lower lot prices and therefore lower home prices; 2) the ability to finance debt at lower interest rates; 3) the application of the mill levy to all property at Stapleton; and 4) the ability of the taxpayer to deduct the payment on their federal and state tax returns. The 2006 total mill levy for Stapleton is 120.326.
