Avon, Colorado Property Taxes
The median property tax rate in Avon, CO is 0.51%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With a median home value of $726,305 in Avon, the typical annual property tax bill is $3,641, surpassing the national median of $2,690. Property taxes in Avon 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 Avon'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 Avon or another part of Eagle County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Avon, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.51%
Estimate Property Tax Bill
$3,704
Ownwell’s Avon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Avon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Avon 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 Avon, Colorado
Property taxes in Avon, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Avon is 0.51%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Avon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Avon 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 Avon's effective property tax rate to other counties in Colorado and the national median. For comparison, the 81620 zip code has both the highest and lowest median property tax rate of 0.51%. Understanding how these areas compare with Avon provides valuable insights into the varying tax landscape across Eagle County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Avon Tax Rate
0.51%
Average Eagle County Tax Rate
0.44%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Avon, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81620 | 0.44% | 0.44% | 0.51% | 0.52% | 0.52% |
Source: Ownwell
Property Tax Assessment Values Across Avon, Colorado
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Avon, Colorado. 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 Eagle 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 Avon, 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. For instance, the median home price in Avon is $726,305, with tax bills ranging significantly. The 25th percentile tax bill is $2,043, while the 75th percentile tax bill is $6,482, and the 90th percentile tax bill reaches $12,637. Notably, the highest and lowest median tax bills both stand at $3,641 in the 81620 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 Avon Assessed Value
$726,305
Average Eagle County Assessed Value
$678,345
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Avon, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81620 | $306,080 | $419,175 | $726,305 | $1,293,975 | $2,511,959 |
Source: Ownwell
Property Tax Bills Across Avon, Colorado
Property tax bills in Avon, located in Eagle County, CO, are calculated based on the assessed value of a property, which is derived from the market value. The median home price in Avon stands at $726,305. The tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and any improvements made can influence the assessed value, and thus the tax bill. For homeowners in Avon, the tax bill can vary significantly. The 25th percentile tax bill is around $2,043, while the 75th percentile reaches $6,482, and the 90th percentile can go as high as $12,637. Compared to the national median property tax rate of 0.99%, these figures highlight the range of property tax burdens faced by residents. Understanding these factors is crucial for homeowners to anticipate their financial responsibilities and plan accordingly.
Average Avon Tax Bill
$3,641
Average Eagle County Tax Bill
$3,388
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Avon, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81620 | $1,350 | $2,043 | $3,641 | $6,482 | $12,637 |
Source: Ownwell