Sargents, Colorado Property Taxes
The median property tax rate in Sargents, CO is 0.42%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Sargents at $206,710, the typical annual property tax bill is approximately $860, well below the national median of $2,690. Property taxes in Sargents are calculated based on the assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Sargents' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Sargents or another part of Gunnison County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sargents, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.42%
Estimate Property Tax Bill
$868
Ownwell’s Sargents Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sargents with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sargents 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 Sargents, Colorado
Property taxes in Sargents, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sargents is 0.42%, which is significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Sargents set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sargents 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 Sargents' effective property tax rate to other counties in Colorado and the national median. For comparison, the 81248 zip code has both the highest and lowest median property tax rate of 0.42%. Understanding how these cities compare with Sargents provides valuable insights into the varying tax landscape across Gunnison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sargents Tax Rate
0.42%
Average Gunnison County Tax Rate
0.46%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sargents, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81248 | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% |
Source: Ownwell
Property Tax Assessment Values Across Sargents, Colorado
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Sargents, 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 Gunnison 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 Sargents, 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 Sargents helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Sargents are both $860, found in zip code 81248.
Average Sargents Assessed Value
$206,710
Average Gunnison County Assessed Value
$413,850
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sargents, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81248 | $108,134 | $145,100 | $206,710 | $217,350 | $223,734 |
Source: Ownwell
Property Tax Bills Across Sargents, Colorado
In Sargents, located in Gunnison 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 Sargents is $206,710. Local tax rates are then applied to this assessed value to determine the annual tax bill. Homeowners in Sargents typically see property tax bills that vary significantly, with the 25th percentile at $603 and the 75th percentile at $904. The highest median tax bill in the area is $860, with the lowest being the same, indicating a consistent tax rate within the zip code 81248. Several factors influence these tax bills, including the market value of the property, the local tax rate, and any applicable exemptions or deductions. The property tax rate in Sargents can be compared to the national median property tax rate of 0.99%, providing residents with a perspective on how their local taxes measure up. These taxes fund essential public services, impacting homeowners by contributing to community resources such as schools, infrastructure, and emergency services.
Average Sargents Tax Bill
$860
Average Gunnison County Tax Bill
$1,892
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Sargents, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81248 | $450 | $603 | $860 | $904 | $930 |
Source: Ownwell