Castle Rock considers adding tax on new homes

Buying a new home in Castle Rock could soon be more expensive. The town council is considering a ballot initiative that would increase taxes on new builds by up to $7 per square foot for single and multi-family homes.

The ballot question is one of four initiatives the town council is considering, asking voters to help fund some of its growth. If approved, the tax on new homes is projected to raise roughly $13.9 million annually and help fund an expansion of emergency services.

Over the past decade, Castle Rock, like much of the Front Range, has seen significant growth, with a nearly 33% increase in population size.

The Castle Rock Police Department has been able to add some officers over that time but says it needs even more staff to be able to keep up.

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