Tabernash, Colorado Property Taxes
The median property tax rate in Tabernash, CO is 0.44%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With a median home value of $557,580 in Tabernash, the typical annual property tax bill is $2,483, which is below the national median of $2,690. Property taxes in Tabernash are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Tabernash'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 Tabernash 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
Tabernash, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.44%
Estimate Property Tax Bill
$2,453
Ownwell’s Tabernash Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tabernash with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tabernash 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 Tabernash, Colorado
Property taxes in Tabernash, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tabernash is 0.44%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Tabernash set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tabernash 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 Tabernash's effective property tax rate to other counties in Colorado and the national median. For comparison, the 80478 zip code has the highest median property tax rate of 0.44%, while the 80478 zip code also has the lowest median tax rate of 0.44%. Understanding how these areas compare with Tabernash provides valuable insights into the varying tax landscape across Grand County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Tabernash Tax Rate
0.44%
Average Grand County Tax Rate
0.46%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tabernash, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80478 | 0.41% | 0.41% | 0.44% | 0.44% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Tabernash, Colorado
In Tabernash, 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 Grand 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 Tabernash, 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 Tabernash helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 80478, with a median tax bill of $2,483.
Average Tabernash Assessed Value
$557,580
Average Grand County Assessed Value
$403,230
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tabernash, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80478 | $115,000 | $329,655 | $557,580 | $804,868 | $1,115,765 |
Source: Ownwell
Property Tax Bills Across Tabernash, Colorado
In Tabernash, located in Grand County, CO, property tax bills are calculated based on the assessed value of a property. This assessed value is derived from the market value, which is determined by the county assessor's office. For homeowners in Tabernash, the median home price stands at $557,580. The property tax rate in Grand County is applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. For instance, the tax bill at the 25th percentile is $1,489, while at the 75th percentile, it rises to $4,096. The top 10% of tax bills can reach up to $5,448. These figures highlight the variability in tax burdens, which can significantly impact homeowners' financial planning. Compared to the national median property tax rate of 0.99%, homeowners in Tabernash may find their tax obligations vary widely based on their property's assessed value and applicable tax rates.
Average Tabernash Tax Bill
$2,483
Average Grand County Tax Bill
$1,913
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Tabernash, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80478 | $583 | $1,489 | $2,483 | $4,096 | $5,448 |
Source: Ownwell