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Centennial sets 2024 mill levy at 5.002 mills; estimated $15.7M in property tax revenue
City Council of the City of Centennial · December 10, 2024
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Summary
City finance director Jeff Cadiz recommended a 5.002-mill levy for 2024 taxes payable in 2025; council approved resolution 2024-R-57, estimating roughly $15.7 million in property-tax collections, about $95,000 below the budget projection.
The Centennial City Council voted 8-0 on Dec. 10 to adopt resolution 2024-R-57, setting the 2024 mill levy at 5.002 mills for taxes payable in 2025. Jeff Cadiz, the city's finance director, presented the calculation and key assumptions.
Cadiz explained the mill levy calculation is a standard annual process using final assessed…
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