This metro district charges 115 mills and is still behind on its bonds. A state audit found it isn’t alone.
By Shaina Cole | Contributing Writer, Rocky Mountain Voice
Homeowners inside the Riverdale Peaks II Metropolitan District pay one of the highest tax rates of any special district in Colorado. Their metro district levied 115.019 mills in 2024, good for fifth place on a list of eleven districts statewide charging 100 mills or more. That levy pulled in $428,566 in property taxes for the year.
Riverdale Peaks II is one of 19 districts that told the state, in their own financial filings, that they have been or will be unable to make principal or interest payments on their debt as those payments come due.
It taxes its residents at more than 100 mills and still reports to the state that it can't keep up with the full payments on its bonds. That combination is the core finding o...