Delta, Colorado Property Taxes
The median property tax rate in Delta, CO is 0.45%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Delta at $186,994, the typical annual property tax bill is $863, which is well below the national median of $2,690. Property taxes in Delta are calculated based on the assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Delta'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 Delta 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
Delta, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.45%
Estimate Property Tax Bill
$841
Ownwell’s Delta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Delta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Delta 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 Delta, Colorado
Property taxes in Delta, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Delta is 0.45%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Delta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Delta 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 Delta's effective property tax rate to other counties in Colorado and the national median. For comparison, the zip code 81416 has the highest median property tax rate of 0.45%, while the same zip code also has the lowest median tax rate of 0.45%. Understanding how these areas compare with Delta provides valuable insights into the varying tax landscape across Delta County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Delta Tax Rate
0.45%
Average Delta County Tax Rate
0.45%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Delta, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81416 | 0.26% | 0.45% | 0.45% | 0.45% | 0.46% |
Source: Ownwell
Property Tax Assessment Values Across Delta, Colorado
In Delta, 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 Delta 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 Delta, 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 Delta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 81416 has both the highest and lowest median tax bill at $863.
Average Delta Assessed Value
$186,994
Average Delta County Assessed Value
$200,311
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Delta, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81416 | $11,304 | $115,893 | $186,994 | $262,700 | $351,341 |
Source: Ownwell
Property Tax Bills Across Delta, Colorado
In Delta, CO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property, and this percentage is applied uniformly across properties within the county. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Homeowners in Delta experience a range of property tax bills, with the 25th percentile at $569 and the 75th percentile at $1221. The highest median tax bill in the area is $863, which is significantly lower than the national median property tax rate of 0.99%. These taxes fund essential services such as schools, public safety, and infrastructure, directly impacting the quality of life and community resources available to residents. Understanding these factors helps homeowners anticipate their annual tax obligations and budget accordingly.
Average Delta Tax Bill
$863
Average Delta County Tax Bill
$931
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Delta, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81416 | $358 | $569 | $863 | $1,221 | $1,651 |
Source: Ownwell