Kittredge, Colorado Property Taxes
The median property tax rate in Kittredge, CO is 0.69%, which is lower than the national median of 0.99% but higher than the Colorado state median of 0.55%. With a median home value of $330,831 in Kittredge, the typical annual property tax bill amounts to $2,241, which is below the national median of $2,690. Property taxes in Kittredge 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 Kittredge'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 Kittredge 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
Kittredge, 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 Kittredge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kittredge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kittredge 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 Kittredge, Colorado
Property taxes in Kittredge, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kittredge is 0.69%, which is lower than the U.S. national median of 0.99%. Local government entities within Kittredge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kittredge 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 Kittredge's effective property tax rate to other counties in Colorado and the national median. For comparison, the 80457 zip code has the highest median property tax rate of 0.69%, while the same zip code also has the lowest median tax rate of 0.69%. Understanding how these cities compare with Kittredge 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 Kittredge Tax Rate
0.69%
Average Jefferson County Tax Rate
0.66%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kittredge, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80457 | 0.49% | 0.67% | 0.69% | 0.69% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Kittredge, Colorado
In Kittredge, 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 Kittredge, 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. The median home price in Kittredge stands at $330,831, with the 25th percentile tax bill at $1,887 and the 75th percentile tax bill at $2,615. The zip code 80457 has both the highest and lowest median tax bill at $2,241. Being aware of these valuation processes in Kittredge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kittredge Assessed Value
$330,831
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 Kittredge, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80457 | $233,552 | $283,866 | $330,831 | $384,617 | $513,255 |
Source: Ownwell
Property Tax Bills Across Kittredge, Colorado
In Kittredge, 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 Kittredge is $330,831. Property taxes are determined by multiplying the assessed value by the local tax rate. For instance, the median tax bill in Kittredge is $2,241, which aligns with the county's median tax bill. Factors such as property location, improvements, and market conditions influence the assessed value. Homeowners in Kittredge can expect their tax bills to range significantly, with the 25th percentile at $1,887 and the 75th percentile at $2,615. At the higher end, the 90th percentile tax bill reaches $3,428. These variations can impact household budgets, making it crucial for homeowners to understand their property’s assessed value and the corresponding tax implications. Compared to the national median property tax rate of 0.99%, Kittredge's rates reflect the specific economic and market conditions of Jefferson County.
Average Kittredge Tax Bill
$2,241
Average Jefferson County Tax Bill
$2,797
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Kittredge, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80457 | $1,274 | $1,887 | $2,241 | $2,615 | $3,428 |
Source: Ownwell