When Tlene and Tyler Sterkel closed on their home in Thompson River Ranch, a new development in Johnstown, in 2014, their property tax bill was $818.60. That amount initially jumped with the home’s assessed value, and climbed to $5106.91 by 2019. Nearly half of those taxes go to Thompson Crossing Metro No. 4, the district that was formed by its developers, to meet the obligations of the 30-year municipal bond debt issued to finance the district's infrastructure. Hover over area to see details.