There has been a lot of confusion and misunderstanding about the metro bond tax in The Meadows of Castle Rock CO and the effect on real estate prices, valuations, purchasing, selling, and other items.
Here are some facts to explain the situation with clarity:
- Our metro bond property taxes will not go up.
- There will not be any special assessments.
- There will not be any default or liens placed on properties.
- There will not be any negative financial impact to our properties and nothing to disclose in a real estate transaction.
- If we are successful at removing this tax, property values should increase because we will have one of the lowest tax rates in Douglas County.
- There is no need to be concerned about selling your properties or have reservations about purchasing a property in The Meadows.
- We currently have a 100% pay rate from property owners.
- The bond holders are currently being paid, and they will continue to be paid.
- The Metro Bond tax rate in The Meadows can never be increased. By law it will always remain at the current fixed rate of 3.5%, which is a very low rate compared to other sub divisions.
- A small portion of the metro taxes pay for capital improvements in The Meadows, as approved by each metro board.
- Our property taxes are based on assessed values and will vary according to those values.
- Many Metro Bond property tax rates are 6-9% + in other areas around the state. Ours is 3.5%.
- In May 2025 for the first time ever, property owners will take controlling interest away from the developer, so the property owners can investigate this 100+ year tax.
The issue we are addressing is that this tax has been on-going for 35+ years and, according to the developer, they want payments for another 50-60+ years for about another $500-600m+ before they discharge the bonds from their original $57m expense.
How much do they think we should pay in taxes for a $57m project? One Billion Dollars !
Jim Garcia
720-385-4497
JimGarcia100@gmail.com
About: Jim Garcia has been a resident of The Meadows in Castle Rock Colorado since 2006. With over 250+ online 5 star reviews, Jim has been voted one of the Best Real Estate Agents in Castle Rock CO, one of the Best Real Estate Agents in Colorado, and one of the Best Real Estate Agents in The USA several times. He is a Real Estate Agent in Castle Rock, Douglas County, & Elizabeth, Elbert County, and the surrounding areas. For more than 5 years, Jim has been researching the metro bond property tax in The Meadows. In 2024 Jim began publishing articles and appearing in Colorado news The Meadows Castle Rock about the situation. In 2025 Jim spearheaded the efforts for property owners to run for metro board positions in The Meadows. Before becoming a Castle Rock Real Estate Agent, Jim was a CEO/COO of several Colorado firms for more than 25 years.