Deer Trail, Colorado Property Taxes
The median property tax rate in Deer Trail, CO is 0.29%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Deer Trail at $555,160, the typical annual property tax bill amounts to $1,589, well below the national median of $2,690. Property taxes in Deer Trail are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Deer Trail's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Deer Trail or another part of Adams County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Deer Trail, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.29%
Estimate Property Tax Bill
$1,610
Ownwell’s Deer Trail Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Deer Trail with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Deer Trail to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Deer Trail, Colorado
Property taxes in Deer Trail, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Deer Trail is 0.29%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Deer Trail set these rates annually, and they can vary significantly across different neighborhoods. Each year, Deer Trail estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Deer Trail's effective property tax rate to other counties in Colorado and the national median. For comparison, the highest median property tax rate in Colorado is found in 80111 with a rate of 0.76%, while the lowest median tax rate is in 80203 at 0.25%. Understanding how these areas compare with Deer Trail provides valuable insights into the varying tax landscape across Adams County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Deer Trail Tax Rate
0.29%
Average Adams County Tax Rate
0.57%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Deer Trail, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80105 | 0.29% | 0.29% | 0.29% | 0.29% | 0.29% |
Source: Ownwell
Property Tax Assessment Values Across Deer Trail, Colorado
In Deer Trail, Colorado, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Adams County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Deer Trail, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. For instance, in Deer Trail's 80105 zip code, the median property tax bill stands at $1,589, which is significantly lower than the national median property tax rate of 0.99%. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Deer Trail Assessed Value
$555,160
Average Adams County Assessed Value
$489,000
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Deer Trail, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80105 | $555,160 | $555,160 | $555,160 | $555,160 | $555,160 |
Source: Ownwell
Property Tax Bills Across Deer Trail, Colorado
In Deer Trail, located in Adams County, CO, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is a percentage of the home's market value. For instance, with a median home price of $555,160, the tax bill for many homeowners falls at $1,589, which is consistent across various percentiles (25th, 75th, and 90th). This uniformity indicates a relatively stable property tax rate within the region. Several factors influence the tax bill, including the property's assessed value, any applicable exemptions, and the local tax rate. For homeowners in Deer Trail, the property tax rate is competitive when compared to the national median property tax rate of 0.99%. This relatively moderate tax bill can significantly impact homeowners by making property ownership more affordable, allowing for better financial planning and stability. Understanding these factors can help homeowners anticipate their annual property tax obligations more accurately.
Average Deer Trail Tax Bill
$1,589
Average Adams County Tax Bill
$2,770
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Deer Trail, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80105 | $1,589 | $1,589 | $1,589 | $1,589 | $1,589 |
Source: Ownwell