Sugar City, Colorado Property Taxes
The median property tax rate in Sugar City, Colorado is 0.60%, slightly higher than the state median of 0.55% but well below the national median of 0.99%. With a median home value of $56,181, the typical annual property tax bill in Sugar City is $303, significantly lower than the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Sugar City's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Sugar City or another part of the region, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sugar City, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$337
Ownwell’s Sugar City Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Sugar City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sugar City 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 Sugar City, Colorado
Property taxes in Sugar City, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sugar City is 0.60%, which is lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Sugar City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sugar City 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 Sugar City's effective property tax rate to other counties in Colorado and the national median. For comparison, the zip code 81076 has both the highest and lowest median property tax rate of 0.60%. Understanding how these cities compare with Sugar City provides valuable insights into the varying tax landscape across Crowley County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sugar City Tax Rate
0.60%
Average Crowley County Tax Rate
0.57%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sugar City, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81076 | 0.28% | 0.46% | 0.60% | 0.60% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Sugar City, Colorado
In Sugar City, 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 Crowley 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 Sugar City, 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. The median home price in Sugar City is $56,181, with tax bills ranging from $156 at the 25th percentile to $685 at the 90th percentile. 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 Sugar City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sugar City Assessed Value
$56,181
Average Crowley County Assessed Value
$64,606
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sugar City, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81076 | $9,617 | $26,947 | $56,181 | $94,720 | $136,465 |
Source: Ownwell
Property Tax Bills Across Sugar City, Colorado
In Sugar City, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Sugar City is $56,181, and property taxes are applied to this assessed value. The tax bill you receive is influenced by several factors, including the assessed value of your property and the local tax rate. Homeowners in Sugar City can expect their property tax bills to vary. For instance, the 25th percentile of tax bills is around $156, while the 75th percentile reaches up to $447. At the higher end, the 90th percentile of tax bills can go as high as $685. This range shows how property values and local tax rates combine to determine the final tax bill. Comparatively, the national median property tax rate is 0.99%, so understanding these local variations is essential for homeowners to budget effectively and anticipate their annual property tax obligations.
Average Sugar City Tax Bill
$303
Average Crowley County Tax Bill
$347
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Sugar City, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81076 | $24 | $156 | $303 | $447 | $685 |
Source: Ownwell