Brandon, Colorado Property Taxes
The median property tax rate in Brandon, CO is 0.62%, slightly higher than the state median of 0.55% but still below the national median of 0.99%. With the median home value in Brandon at $35,806, the typical annual property tax bill is $218, significantly lower than the national median of $2,690. Property taxes in Brandon are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, including primary residence and agricultural exemptions. Understanding Brandon'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 Brandon 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
Brandon, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$222
Ownwell’s Brandon Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers a simple way to estimate their annual property taxes in Brandon using just two data points. By inputting your property's estimated assessed value, the calculator utilizes the median tax rate in Brandon to provide an estimate of your property tax bill. This valuable tool helps you gain a clear understanding of potential tax obligations. For those interested in more detailed trends at the neighborhood level, additional localized information is available. Your property’s assessed value is determined by the county for tax calculations and includes any applicable exemptions.
Property Tax Rates Across Brandon, Colorado
Property taxes in Brandon, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brandon is 0.62%, lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Brandon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brandon 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 Brandon's effective property tax rate to other counties in Colorado and the national median. For comparison, the 81071 zip code has both the highest and lowest median property tax rate of 0.62%. Understanding how these cities compare with Brandon provides valuable insights into the varying tax landscape across Kiowa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brandon Tax Rate
0.62%
Average Kiowa County Tax Rate
0.98%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brandon, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81071 | 0.31% | 0.53% | 0.62% | 0.69% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Brandon, Colorado
In Brandon, 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 Kiowa 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 Brandon, 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. For example, the median home price in Brandon is $35,806, with tax bills ranging from $159 at the 25th percentile to $746 at the 90th percentile. 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 Brandon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Brandon Assessed Value
$35,806
Average Kiowa County Assessed Value
$47,865
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brandon, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81071 | $11,671 | $20,724 | $35,806 | $60,698 | $89,969 |
Source: Ownwell
Property Tax Bills Across Brandon, Colorado
In Brandon, CO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is determined by the county assessor and is then multiplied by the local tax rate to calculate the tax bill. For homeowners in Brandon, the median home price is $35,806. Property tax bills can vary significantly, with the 25th percentile at $159 and the 75th percentile at $617, indicating a wide range of property values and tax liabilities. Several factors influence the final tax bill, including the property's location within the county, any applicable exemptions, and the specific tax rate set by local authorities. The impact on homeowners can be substantial, especially when compared to the national median property tax rate of 0.99%. In Brandon, the highest median tax bill is $218, which may seem modest but can add up over time, affecting household budgets and financial planning. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Brandon Tax Bill
$218
Average Kiowa County Tax Bill
$440
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Brandon, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81071 | $62 | $159 | $218 | $617 | $746 |
Source: Ownwell