Dotsero Area, Colorado Property Taxes
The median property tax rate in Dotsero Area, CO is 0.54%, slightly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With a median home value of $364,820, the typical annual property tax bill in Dotsero Area reaches $1,977, which is below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Dotsero Area'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 Dotsero Area 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
Dotsero Area, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.54%
Estimate Property Tax Bill
$1,970
Ownwell’s Dotsero Area Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in the Dotsero Area to provide an accurate estimate of your property tax bill. This user-friendly tool helps you gauge potential tax liabilities effectively. For those interested in more detailed trends at the neighborhood level, additional localized information is available as you scroll down. Your property’s assessed value, determined by Eagle County, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Dotsero Area, Colorado
Property taxes in Dotsero Area, Colorado, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dotsero Area is 0.54%, which is lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Dotsero Area set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dotsero Area 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 Dotsero Area's effective property tax rate to other counties in Colorado and the national median. For comparison, the highest median property tax rate in the region is found in 81657 with a rate of 0.68%, while the lowest median tax rate is in 81620 at 0.51%. Understanding how these areas compare with Dotsero Area 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 Dotsero Area Tax Rate
0.54%
Average Eagle County Tax Rate
0.44%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dotsero Area, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Dotsero Area, Colorado
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Dotsero Area, 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's Office 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 Dotsero Area, 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 this area is $364,820, with tax bills ranging from $1,977 at the 25th percentile to $2,007 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 Dotsero Area helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Dotsero Area, Colorado
Source: Ownwell
$44,100
$1,243,965
$2,443,830
Average Dotsero Area Assessed Value
$364,820
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 Dotsero Area, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Dotsero Area, Colorado
In the Dotsero area of Eagle 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 market value, reflecting the property's worth in the current real estate market. Homeowners in this region typically see tax bills around $1,977 at the 25th and 75th percentiles, with the 90th percentile reaching up to $2,007. These figures are influenced by various factors, including property size, location, and market conditions. The property tax rate in Eagle County can significantly impact homeowners, as it determines the amount they owe annually. With the national median property tax rate at 0.99%, understanding how local rates compare is crucial for budgeting and financial planning. Higher property taxes can increase the overall cost of homeownership, making it essential for residents to stay informed about their tax obligations and any potential exemptions or appeals they may qualify for.
Average Dotsero Area Tax Bill
$1,977
Average Eagle County Tax Bill
$3,388
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Dotsero Area, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell