San Pablo, Colorado Property Taxes
The median property tax rate in San Pablo, Colorado is 0.40%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in San Pablo at $97,920, the typical annual property tax bill is $392, far below the national median of $2,690. Property taxes in San Pablo 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 San Pablo'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 San Pablo or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
San Pablo, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$392
Ownwell’s San Pablo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in San Pablo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in San Pablo 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 San Pablo, Colorado
Property taxes in San Pablo, Colorado, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in San Pablo is 0.40%, which is significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within San Pablo set these rates annually, and they can vary across different neighborhoods. Each year, San Pablo 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 San Pablo's effective property tax rate to other counties in Colorado and the national median. For comparison, the zip code 81152 has both the highest and lowest median property tax rate of 0.40%. Understanding how these cities compare with San Pablo provides valuable insights into the varying tax landscape across Costilla County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average San Pablo Tax Rate
0.40%
Average Costilla County Tax Rate
0.60%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across San Pablo, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81152 | 0.40% | 0.40% | 0.40% | 0.41% | 3.60% |
Source: Ownwell
Property Tax Assessment Values Across San Pablo, Colorado
In San Pablo, 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 Costilla 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 San Pablo, 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. The median home price in San Pablo is $97,920, with the 25th percentile tax bill at $167 and the 75th percentile tax bill at $740. The highest and lowest median tax bills are both $392, found in zip code 81152. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average San Pablo Assessed Value
$97,920
Average Costilla County Assessed Value
$81,990
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across San Pablo, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81152 | $18,159 | $41,209 | $97,920 | $185,876 | $193,510 |
Source: Ownwell
Property Tax Bills Across San Pablo, Colorado
In San Pablo, property tax bills are calculated based on the assessed value of your home. The county assessor determines this value, which is then multiplied by the local tax rate to determine your tax liability. For homeowners in San Pablo, the median home price is $97,920. The property tax rate in Costilla County is relatively low compared to the national median of 0.99%. This results in a median tax bill of $392.00, which is consistent across the zip code 81152. Several factors influence your property tax bill, including the assessed value of your property and any applicable exemptions. For instance, homes in the 25th percentile of tax bills pay around $167, while those in the 75th percentile pay about $740. At the 90th percentile, the tax bill reaches $770. These variations can significantly impact homeowners, especially those on a fixed income. Understanding these factors can help homeowners anticipate their tax obligations and plan accordingly.
Average San Pablo Tax Bill
$392
Average Costilla County Tax Bill
$381
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across San Pablo, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81152 | $163 | $167 | $392 | $740 | $770 |
Source: Ownwell