Calhan, Colorado Property Taxes
The median property tax rate in Calhan, CO is 0.53%, notably lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Calhan, the typical annual property tax bill reaches $1,937, which is significantly below the national median of $2,690. Property taxes in Calhan 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 Calhan'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 Calhan or another part of Elbert County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Calhan, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$1,811
Ownwell’s Calhan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Calhan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Calhan 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 Calhan, Colorado
Property taxes in Calhan, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Calhan is 0.53%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Calhan set these rates annually, and they can vary across different neighborhoods. Each year, Calhan 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 Calhan's effective property tax rate to other counties in Colorado and the national median. For comparison, the zip code 80808 has both the highest and lowest median property tax rate of 0.53%. Understanding how these cities compare with Calhan provides valuable insights into the varying tax landscape across Elbert County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Calhan Tax Rate
0.53%
Average Elbert County Tax Rate
0.56%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Calhan, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80808 | 0.42% | 0.43% | 0.53% | 0.58% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Calhan, Colorado
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Calhan, 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 Elbert 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 Calhan, 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 Calhan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills is 80808, with a median tax bill of $1,937.
Average Calhan Assessed Value
$341,756
Average Elbert County Assessed Value
$469,640
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Calhan, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80808 | $130,559 | $259,492 | $341,756 | $501,702 | $555,059 |
Source: Ownwell
Property Tax Bills Across Calhan, Colorado
In Calhan, located in Elbert County, CO, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the market value, determined by the county assessor. For example, if the median home price is $341,756, and the local assessment rate is applied, the tax bill will vary accordingly. Factors influencing the tax bill include the home's market value, local assessment rates, and specific tax rates set by local taxing authorities. Homeowners in Calhan can expect tax bills ranging from $1,317 at the 25th percentile to $2,508 at the 75th percentile, with the 90th percentile reaching up to $3,143. These figures show that property taxes can significantly impact homeowners, especially when compared to the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their annual tax obligations and manage their finances more effectively.
Average Calhan Tax Bill
$1,937
Average Elbert County Tax Bill
$2,641
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Calhan, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80808 | $942 | $1,317 | $1,937 | $2,508 | $3,143 |
Source: Ownwell