Rockvale, Colorado Property Taxes
The median property tax rate in Rockvale, CO is 0.49%, considerably lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Rockvale, the typical annual property tax bill reaches $627, significantly below the national median of $2,690. Property taxes in Rockvale are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Rockvale'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 Rockvale 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
Rockvale, Colorado Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$1,100
Ownwell’s Rockvale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rockvale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rockvale 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 Rockvale, Colorado
Property taxes in Rockvale, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rockvale is 0.49%, which is lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Rockvale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rockvale 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 Rockvale's effective property tax rate to other counties in Colorado and the national median. For comparison, the zip code 81244 has both the highest and lowest median property tax rates of 0.49%. Understanding how these cities compare with Rockvale provides valuable insights into the varying tax landscape across Fremont County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rockvale Tax Rate
0.49%
Average Fremont County Tax Rate
0.55%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rockvale, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81244 | 0.34% | 0.49% | 0.49% | 0.50% | 0.50% |
Source: Ownwell
Property Tax Assessment Values Across Rockvale, Colorado
In Rockvale, 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 Fremont 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 Rockvale, 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 Rockvale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Rockvale is $140,221, with the highest median tax bill in zip code 81244 at $627.00.
Average Rockvale Assessed Value
$140,221
Average Fremont County Assessed Value
$205,831
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rockvale, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81244 | $28,791 | $84,041 | $140,221 | $240,894 | $289,441 |
Source: Ownwell
Property Tax Bills Across Rockvale, Colorado
In Rockvale, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in the area is $140,221. To determine the tax bill, the assessed value is multiplied by the local property tax rate. For example, if the assessed value of a home is $140,221 and the local tax rate aligns closely with the national median of 0.99%, the tax bill would be approximately $1,387 annually. However, tax bills can vary significantly. Homeowners in the 25th percentile pay around $381, while those in the 75th percentile face bills up to $1,108. For the top 10% of homeowners, the tax bill can reach $1,411. These variations are influenced by factors such as property improvements, location, and local levies. Understanding these elements helps homeowners anticipate their financial obligations and plan accordingly. In Fremont County, the highest and lowest median tax bills are both $627, indicating some consistency within specific areas.
Average Rockvale Tax Bill
$627
Average Fremont County Tax Bill
$1,012
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Rockvale, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81244 | $163 | $381 | $627 | $1,108 | $1,411 |
Source: Ownwell