Skaneateles, Colorado Property Taxes
The median property tax rate in Skaneateles, CO is 0.44%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Skaneateles at $523,140, the typical annual property tax bill reaches $2,308, which is below the national median of $2,690. Property taxes in Skaneateles 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 Skaneateles'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 Skaneateles 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
Skaneateles, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.44%
Estimate Property Tax Bill
$2,302
Ownwell’s Skaneateles Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Skaneateles with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Skaneateles 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 Skaneateles, Colorado
Property taxes in Skaneateles, Colorado, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Skaneateles is 0.44%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Skaneateles set these rates annually, and they can vary across different neighborhoods. Each year, Skaneateles 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 Skaneateles's effective property tax rate to other counties in Colorado and the national median. For comparison, the zip code 13152 has both the highest and lowest median property tax rate of 0.44%. Understanding how these cities compare with Skaneateles 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 Skaneateles Tax Rate
0.44%
Average Eagle County Tax Rate
0.44%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Skaneateles, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13152 | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% |
Source: Ownwell
Property Tax Assessment Values Across Skaneateles, Colorado
In Skaneateles, 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 Skaneateles, 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 Skaneateles helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Skaneateles is $523,140, with the highest and lowest median tax bills being $2,308 in the 13152 zip code.
Property Tax Assessment Values Across Skaneateles, Colorado
Source: Ownwell
$44,100
$1,243,965
$2,443,830
Average Skaneateles Assessed Value
$523,140
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 Skaneateles, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13152 | $523,140 | $523,140 | $523,140 | $523,140 | $523,140 |
Source: Ownwell
Property Tax Bills Across Skaneateles, Colorado
In Skaneateles, 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. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. In Skaneateles, the median home price is $523,140, and the median property tax bill is $2,308, which indicates a tax rate lower than the national median of 0.99%. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or abatements. Homeowners in Skaneateles can expect their property tax bills to be consistent, as the 25th, 75th, and 90th percentiles all report the same median tax bill of $2,308. This stability in tax bills provides homeowners with predictable annual expenses, aiding in financial planning and budgeting. Understanding these factors can help homeowners anticipate their property tax obligations more accurately.
Average Skaneateles Tax Bill
$2,308
Average Eagle County Tax Bill
$3,388
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Skaneateles, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13152 | $2,308 | $2,308 | $2,308 | $2,308 | $2,308 |
Source: Ownwell