Eav & economic development

Due to growth in the City’s tax base as measured by Equalized Assessed Valuation (EAV), the City’s tax rate will be declining for the 8th straight year and will be the lowest since 2011.  

The City’s tax base has grown by 20.6% since 2015, with over $1 billion in growth since 2017.  This growth allows for lower property tax rates and increased revenues.  

During the same time, the City’s tax rate has fallen by 16%.

There is something happening in Aurora, and economic development across the city has been a keen focus of those transformative happenings. The dramatically increased value of the tax base has allowed for higher revenues from property tax revenues while simultaneously lowering the property tax rate for existing property owners.  

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