Fulford Area, Colorado Property Taxes
The median property tax rate in the Fulford Area, CO is 0.38%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in the Fulford Area, the typical annual property tax bill is $420, far below the national median of $2,690. Property taxes in the Fulford Area are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding the Fulford 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 the Fulford Area 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
Fulford Area, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.38%
Estimate Property Tax Bill
$422
Ownwell’s Fulford Area Property Tax Bill Calculator is designed to assist homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Fulford Area with just two simple inputs. By entering your property's estimated assessed value, the calculator uses the median tax rate in Fulford Area to provide an estimate of your property tax bill. This valuable tool offers a clear understanding of potential tax obligations. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Fulford Area, Colorado
Property taxes in Fulford Area, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fulford Area is 0.38%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Fulford Area set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fulford 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 Fulford Area's effective property tax rate to other counties in Colorado and the national median. For comparison, the highest median property tax rate in Colorado is found in 80439 with a rate of 0.61%, while the lowest median tax rate is in 80420 at 0.25%. Understanding how these areas compare with Fulford 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 Fulford Area Tax Rate
0.38%
Average Eagle County Tax Rate
0.44%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fulford Area, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Fulford Area, Colorado
In Fulford Area, 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 Eagle 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 Fulford 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. 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 Fulford Area helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The 25th percentile tax bill in this region is $223, while the 75th percentile tax bill is $627.
Property Tax Assessment Values Across Fulford Area, Colorado
Source: Ownwell
$44,100
$1,243,965
$2,443,830
Average Fulford Area Assessed Value
$111,040
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 Fulford Area, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Fulford Area, Colorado
In the Fulford 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 of the property. Homeowners in this area experience property tax bills that can vary significantly. For instance, the median home price is $111,040, with tax bills ranging from $223 at the 25th percentile to $779 at the 90th percentile. Several factors influence the property tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or reductions. These tax bills are essential for funding local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, the tax rates in the Fulford Area may present different financial impacts on homeowners. Understanding these variables can help homeowners better anticipate their annual property tax obligations and manage their finances accordingly.
Average Fulford Area Tax Bill
$420
Average Eagle County Tax Bill
$3,388
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Fulford Area, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell