Louviers, Colorado Property Taxes
The median property tax rate in Louviers, CO is 0.70%, which is higher than both the national median of 0.99% and Colorado's state median of 0.55%. With a median home value of $413,198, the typical annual property tax bill in Louviers reaches $2,746, slightly below the national median of $2,690. Property taxes in Louviers are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Louviers' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Louviers or another part of Douglas County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Louviers, 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 Louviers Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Louviers with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Louviers 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 Louviers, Colorado
Property taxes in Louviers, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Louviers is 0.70%, which is lower than the U.S. national median of 0.99%. Local government entities within Louviers set these rates annually, and they can vary significantly across different neighborhoods. Each year, Louviers 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 Louviers' effective property tax rate to other areas in Colorado and the national median. For comparison, the zip code 80131 has both the highest and lowest median property tax rate of 0.70%. Understanding how these cities compare with Louviers provides valuable insights into the varying tax landscape across Douglas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Louviers Tax Rate
0.70%
Average Douglas County Tax Rate
0.64%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Louviers, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80131 | 0.53% | 0.70% | 0.70% | 0.70% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Louviers, Colorado
In Louviers, 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 Douglas 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 Louviers, 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 Louviers is $413,198, with the tax bill ranging from $2,279 at the 25th percentile to $3,342 at the 75th percentile. The highest and lowest median tax bills are both $2,746 in the 80131 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Louviers Assessed Value
$413,198
Average Douglas County Assessed Value
$496,355
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Louviers, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80131 | $314,786 | $342,509 | $413,198 | $490,718 | $580,471 |
Source: Ownwell
Property Tax Bills Across Louviers, Colorado
In Louviers, located in Douglas County, 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 property's market value. For instance, with a median home price of $413,198, the property tax bill can vary significantly. At the 25th percentile, homeowners might pay around $2,279, while at the 75th percentile, the tax bill could be approximately $3,342. For those at the 90th percentile, the bill can reach up to $4,131. These tax bills are influenced by various factors, including local tax rates and specific property characteristics. The highest and lowest median tax bills in Louviers are both recorded at $2,746 in the 80131 zip code. Compared to the national median property tax rate of 0.99%, Douglas County's rates reflect the local economic conditions and funding needs for public services. For homeowners, understanding these factors is crucial as they directly impact annual financial obligations.
Average Louviers Tax Bill
$2,746
Average Douglas County Tax Bill
$3,328
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Louviers, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80131 | $1,781 | $2,279 | $2,746 | $3,342 | $4,131 |
Source: Ownwell