Federal Heights, Colorado Property Taxes
The median property tax rate in Federal Heights, CO is 0.74%, lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Federal Heights at $29,848, the typical annual property tax bill reaches $220, significantly below the national median of $2,690. Property taxes in Federal Heights 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 Federal Heights' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Federal Heights or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Federal Heights, Colorado Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$1,100
Ownwell’s Federal Heights Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Federal Heights with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Federal Heights 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 Federal Heights, Colorado
Property taxes in Federal Heights, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Federal Heights is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Federal Heights set these rates annually, and they can vary significantly across different neighborhoods. Each year, Federal Heights 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 Federal Heights' effective property tax rate to other areas in Adams County and the national median. For comparison, the 80260 zip code has the highest median property tax rate of 0.74%, while the 80229 zip code has the lowest median tax rate of 0.44%. Understanding how these areas compare with Federal Heights 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 Federal Heights Tax Rate
0.74%
Average Adams County Tax Rate
0.57%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Federal Heights, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80229 | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% |
| 80260 | 0.65% | 0.68% | 0.74% | 1.12% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Federal Heights, Colorado
In Federal Heights, 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 Assessor 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 Federal Heights, 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. For instance, the highest median tax bill in Federal Heights is $1,024 in the 80229 zip code, whereas the lowest median tax bill is $545 in the 80260 zip code. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Federal Heights helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Federal Heights, Colorado
Source: Ownwell
$15,674
$674,337
$1,333,000
Average Federal Heights Assessed Value
$29,848
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 Federal Heights, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80229 | $231,954 | $231,954 | $231,954 | $231,954 | $231,954 |
| 80260 | $39,822 | $57,555 | $87,110 | $252,705 | $352,062 |
Source: Ownwell
Property Tax Bills Across Federal Heights, Colorado
In Federal Heights, located in Adams County, CO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Various factors influence this calculation, including the home's location, its condition, and any applicable exemptions or deductions. For homeowners in Federal Heights, property tax bills can vary significantly. The 25th percentile tax bill is around $178, while the 75th percentile tax bill reaches $784. At the higher end, the 90th percentile tax bill can climb to $3,123. Comparatively, the highest median tax bill in the area is $1,024 in the 80229 zip code, while the lowest median tax bill is $545 in the 80260 zip code. These figures illustrate the range of property tax burdens that homeowners might face, influenced by property values and local tax rates. Understanding these factors helps homeowners anticipate and manage their annual property tax obligations effectively.
Average Federal Heights Tax Bill
$220
Average Adams County Tax Bill
$2,770
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Federal Heights, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80229 | $1,024 | $1,024 | $1,024 | $1,024 | $1,024 |
| 80260 | $274 | $375 | $545 | $3,408 | $5,126 |
Source: Ownwell