Sedalia, Colorado Property Taxes
The median property tax rate in Sedalia, CO is 3.19%, significantly higher than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Sedalia, the typical annual property tax bill reaches $3,450, surpassing the national median of $2,690. Property taxes in Sedalia are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Sedalia's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Sedalia 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
Sedalia, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.19%
Estimate Property Tax Bill
$3,453
Ownwell’s Sedalia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sedalia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sedalia 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 Sedalia, Colorado
Property taxes in Sedalia, Colorado, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Sedalia is 3.19%, significantly higher than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Sedalia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sedalia 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 Sedalia's effective property tax rate to other counties in Colorado and the national median. For comparison, the 80135 zip code has the highest median property tax rate of 3.19%, while the same zip code also has the lowest median tax rate of 3.19%. Understanding how these cities compare with Sedalia provides valuable insights into the varying tax landscape across El Paso County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sedalia Tax Rate
3.19%
Average El Paso County Tax Rate
0.42%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sedalia, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80135 | 3.19% | 3.19% | 3.19% | 3.19% | 3.19% |
Source: Ownwell
Property Tax Assessment Values Across Sedalia, Colorado
In Sedalia, 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 El Paso 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 Sedalia, 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 highest and lowest median tax bills in Sedalia are both $3,450, found in the 80135 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 Sedalia Assessed Value
$108,243
Average El Paso County Assessed Value
$319,355
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sedalia, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80135 | $108,243 | $108,243 | $108,243 | $108,243 | $108,243 |
Source: Ownwell
Property Tax Bills Across Sedalia, Colorado
In Sedalia, El Paso County, CO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Sedalia is $108,243. Local tax authorities determine the assessed value and apply the local tax rate to calculate the property tax bill. The tax rate in Sedalia results in a median tax bill of $3,450, which is significantly higher than the national median property tax rate of 0.99%. This higher tax bill can be attributed to the local tax rate and the assessed values used in the area. Factors considered in determining the tax bill include the property's market value, local tax rates, and any applicable exemptions or deductions. Homeowners in Sedalia should be aware of how these elements can impact their annual property tax obligations. The higher tax bills in Sedalia can affect homeowners' budgets and the overall cost of owning property in the area, making it crucial for residents to understand the local property tax system.
Average Sedalia Tax Bill
$3,450
Average El Paso County Tax Bill
$1,379
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Sedalia, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80135 | $3,450 | $3,450 | $3,450 | $3,450 | $3,450 |
Source: Ownwell