Economic Development Community Profile 2023

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COMMUNITY PROFILE 2023

Founded: 1882

Incorporated: 1890

* Sources: ESRI, Town of Windsor, RedFin, Realtor, Direct Source, US Census

$111,477 MEDIAN $132,933 AVERAGE

Colorado State University
MEDIAN AGE HIGHER EDUCATION ENROLLMENT
/ 27,956 University of Northern Colorado / 7,798 Front Range Community College / 18,570 AIMS Community College / 6,940
and
POPULATION
HOUSEHOLD INCOME
ELECTED OFFICIALS TOP STRATEGIC PLAN PRIORITIES Strategic Growth Sustainable Infrastructure Vibrant
Healthy Economy
42,840 39
HOUSING 1.3% RENTAL VACANCY .6% OWNER VACANCY 15,635 UNITS 20% RENTER OCCUPIED EDUCATION ATTAINMENT HIGH SCHOOL GRADUATE - 97.1% BACHELOR’S DEGREE - 48.2% GRADUATE DEGREE - 16.4% LARIMER COUNTY WELD COUNTY 376,898 350,176 $600,000
HOME SALES MEDIAN DAYS ON MARKET 96 28,226 34,214 20,869 22,674 25,687 40,350 36,697 21,982 31,719 23,640 POPULATION BY YEAR 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 7.36% AVERAGE YEARLY GROWTH RATE SINCE 2012 80% OWNER OCCUPIED 82.7% 42,840
MEDIAN
WindsorEconomicDevelopment.com | 970-674-2488 WORKFORCE POPULATION 69 % IN LABOR FORCE TOP EMPLOYERS 27.0 SQUARE MILES SIZE SITE OPPORTUNITY FOR COMMERCIAL DEVELOPMENT Created by Kero from the Noun Project 13 BUSINESS PARKS 3 COMMERCIAL AREAS ~7,000 AVAILABLE ACRES 3 % UNEMPLOYMENT RATE 24,661 Total Eligible Age 16 and Over TOP INDUSTRIES Educational Services & Healthcare 22.8% Professional, Scientific & Technical 12.7% Manufacturing 11.7% Finance, Insurance & Real Estate 9.4% Construction 8.4% Retail Trade 8.1% Other 26.9% Weld RE4 School District INFRASTRUCTURE » Denver International » Northern Colorado Regional » Greeley-Weld County » Cheyenne Regional » Great Western Railway » Burlington Northern Sante Fe Railway (BNSF) » Union Pacific Railroad » I-25 » Highway 392 » Highway 257 » Highway 34 Created by Yaroslav Samoylov from the Noun Project Created by iconsmind.com from the Noun Project Created by Andrew Fortnum from the Noun Project AIR RAIL TRUCK The Water Valley Co Tolmar Vestas Blades OwensIllinois GOVERNMENT Form of Government: Colorado Home Rule Minicipality; Board-Manager Boards & Commissions: Town Board; Planning Commission; Board of Adjustment; Parks, Recreation & Culture Advisory Board; Historic Preservation; Water & Sewer Board; Tree Board; and Housing Authority

TAXES no. 40 State Revenue per Capita

no. 29 State & Local Corporate Income Tax Collections per Capita

%

7. 35 Combined State and Local Sales Tax Rates

Larimer County

%

6 . 55 Combined State and Local Sales Tax Rates Weld County

RETAIL SALES TAX

STATE CORPORATE & PERSONAL INCOME TAX IS

4.4 % OF FEDERAL TAXABLE INCOME

Colorado remains a popular place to do business due to lower taxes. Weld County has been able to maintain a real estate property tax level that is significantly lower than the surrounding areas due to extensive oil & gas activities. 3.65% Town

Inventories, Goods in Transit, and Intangibles are NOT TAXED in Colorado and there is NO FRANCHISE TAX

PROPERTY TAXES

Industrial or commercial property (buildings, land and equipment) is assessed at 29% of market value. The state does not levy a property tax; however, counties do via tax districts and mill levies. 29 %

How do mill levies work?

ASSESSMENT RATE

The mill levy represents the dollars levied for each $1,000 of assessed value. For example, with a mill levy of 95.000 mills, the property owner would pay $95.00 for every $1,000 in assessed value.

STATE UNEMPLOYMENT INSURANCE

New employers start paying UI premiums at a beginning rate depending on the type of business activity. For rate year 2023 the rate consists of only the base rate. There are no surcharges in effect for 2023. New employers in construction-related industries may be subject to a different beginning rate.

CONNECT WITH WINDSOR

Stacy Brown Director of Economic Development sbrown@windsorgov.com

Terry Schwindler, CEcD Business Development Specialist tschwindler@windsorgov.com

WindsorEconomicDevelopment.com | 970-674-2488
0% Weld County 0.8% Larimer County 2.9% Colorado
Icons courtesy of Noun Project
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