Conifer, Colorado Property Taxes
The median property tax rate in Conifer, CO is 0.61%, slightly above the state median of 0.55% but lower than the national median of 0.99%. With a median home value of $508,496 in Conifer, the typical annual property tax bill reaches $3,130, surpassing the national median of $2,690. Property taxes in Conifer are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Conifer'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 Conifer or another part of Jefferson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Conifer, 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 Conifer Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Conifer with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Conifer 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 Conifer, Colorado
Property taxes in Conifer, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Conifer is 0.61%, which is lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Conifer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Conifer 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 Conifer's effective property tax rate to other areas in Jefferson County and the national median. For comparison, the 80470 zip code has the highest median property tax rate of 2.56%, while the 80433 zip code has the lowest median tax rate of 0.61%. Understanding how these areas compare with Conifer provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Conifer Tax Rate
0.61%
Average Jefferson County Tax Rate
0.66%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Conifer, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80433 | 0.51% | 0.61% | 0.61% | 0.61% | 0.74% |
| 80470 | 2.56% | 2.56% | 2.56% | 2.56% | 2.56% |
Source: Ownwell
Property Tax Assessment Values Across Conifer, Colorado
In Conifer, 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 Jefferson 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 Conifer, 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. In Conifer, the highest median tax bill is $3,135 in the 80433 zip code, while the lowest median tax bill is $1,071 in the 80470 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 Conifer Assessed Value
$508,496
Average Jefferson County Assessed Value
$436,276
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Conifer, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80433 | $167,873 | $401,952 | $508,994 | $624,038 | $783,829 |
| 80470 | $41,768 | $41,768 | $41,768 | $41,768 | $41,768 |
Source: Ownwell
Property Tax Bills Across Conifer, Colorado
In Conifer, CO, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate, determined by Jefferson County, is then applied to this assessed value. Several factors influence the final tax bill, including the property's location, its assessed value, and any applicable exemptions or deductions. For instance, in Conifer, the median home price is $508,496, and property tax bills can vary significantly. The 25th percentile tax bill is $2,446, while the 75th percentile reaches $3,924, and the 90th percentile can be as high as $4,896. This range highlights how property taxes can impact homeowners differently based on their property's assessed value and specific circumstances. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners in Conifer to understand their local tax obligations to manage their finances effectively.
Average Conifer Tax Bill
$3,130
Average Jefferson County Tax Bill
$2,797
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Conifer, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80433 | $1,513 | $2,451 | $3,135 | $3,925 | $4,900 |
| 80470 | $1,071 | $1,071 | $1,071 | $1,071 | $1,071 |
Source: Ownwell