Dumont, Colorado Property Taxes
The median property tax rate in Dumont, CO is 0.65%, which is lower than the national median of 0.99% but higher than the Colorado state median of 0.55%. With a median home value of $304,860 in Dumont, the typical annual property tax bill is $1,728, significantly below the national median of $2,690. Property taxes in Dumont are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Dumont'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 Dumont or another part of Clear Creek County, being well-versed in the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dumont, 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 Dumont Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dumont with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dumont 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 Dumont, Colorado
Property taxes in Dumont, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dumont is 0.65%, which is lower than the U.S. national median of 0.99%. Local government entities within Dumont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dumont 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 Dumont's effective property tax rate to other counties in Colorado and the national median. For comparison, the 80436 zip code has both the highest and lowest median property tax rate of 0.65%. Understanding how these cities compare with Dumont provides valuable insights into the varying tax landscape across Clear Creek County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dumont Tax Rate
0.65%
Average Clear Creek County Tax Rate
0.54%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dumont, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80436 | 0.47% | 0.51% | 0.65% | 0.65% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Dumont, Colorado
In Dumont, 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 Clear Creek 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 Dumont, 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 Dumont 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 in Dumont is 80436, with a bill of $1,728, which is significantly lower than the national median property tax rate of 0.99%.
Average Dumont Assessed Value
$304,860
Average Clear Creek County Assessed Value
$360,990
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dumont, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80436 | $8,322 | $27,245 | $304,860 | $377,155 | $448,500 |
Source: Ownwell
Property Tax Bills Across Dumont, Colorado
In Dumont, Colorado, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the tax bill. Homeowners in Dumont experience a range of tax bills, with the 25th percentile at $321 and the 75th percentile at $2,267. The highest median tax bill in the area is $1,728, which is in the zip code 80436, making it the same for both the highest and lowest median tax bills. Several factors influence the tax bill, including property size, location, and improvements made to the home. These taxes fund essential public services like schools, roads, and emergency services, directly impacting the community's quality of life. For homeowners, understanding these factors is crucial as they can significantly affect annual expenses. Compared to the national median property tax rate of 0.99%, Dumont's property tax rates can vary widely, reflecting the diverse property values and local tax policies within the region.
Average Dumont Tax Bill
$1,728
Average Clear Creek County Tax Bill
$1,938
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Dumont, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80436 | $51 | $321 | $1,728 | $2,267 | $2,764 |
Source: Ownwell