Eads, Colorado Property Taxes
The median property tax rate in Eads, CO is 1.05%, notably higher than both the national median of 0.99% and Colorado's state median of 0.55%. With a median home value of $90,827 in Eads, the typical annual property tax bill amounts to $958, which is below the national median of $2,690. Property taxes in Eads are calculated based on the assessed value, which often falls below the market value due to exemptions such as the primary residence and agricultural exemptions. Gaining a thorough understanding of Eads's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're residing in Eads or another part of Cheyenne County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Eads, 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 Eads Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eads with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eads 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 Eads, Colorado
Property taxes in EADS, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in EADS is 1.05%, higher than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within EADS set these rates annually, and they can vary significantly across different neighborhoods. Each year, EADS 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 EADS's effective property tax rate to other counties in Colorado and the national median. For comparison, the 81036 zip code has the highest median property tax rate of 1.05%, while the same zip code also has the lowest median tax rate of 1.05%. Understanding how these cities compare with EADS provides valuable insights into the varying tax landscape across Cheyenne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eads Tax Rate
1.05%
Average Cheyenne County Tax Rate
0.66%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eads, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81036 | 0.61% | 0.89% | 1.05% | 1.19% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Eads, Colorado
In Eads, 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 Cheyenne 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 Eads, 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. Being aware of these valuation processes in Eads helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 81036, with a median tax bill of $958, which is also the lowest median tax bill in the area.
Average Eads Assessed Value
$90,827
Average Cheyenne County Assessed Value
$55,241
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eads, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81036 | $59,677 | $85,689 | $90,827 | $157,512 | $177,719 |
Source: Ownwell
Property Tax Bills Across Eads, Colorado
In Eads, located in Cheyenne County, CO, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The county assessor determines this market value, and then a fixed assessment rate is applied to calculate the assessed value. This assessed value is then multiplied by the local tax rate to determine the final property tax bill. Several factors influence the tax bill, including the home's market value, assessment rate, and the local tax rate. For instance, in Eads, the median home price is $90,827. Property tax bills can vary significantly, with the 25th percentile at $667, the 75th percentile at $1,185, and the 90th percentile reaching $1,496. These property taxes directly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Comparing this to the national median property tax rate of 0.99%, Eads' property tax rates can be considered relatively moderate, offering a balanced approach to funding community services while maintaining affordability for residents.
Average Eads Tax Bill
$958
Average Cheyenne County Tax Bill
$407
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Eads, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81036 | $570 | $667 | $958 | $1,185 | $1,496 |
Source: Ownwell