Seibert, Colorado Property Taxes
The median property tax rate in Seibert, CO is 0.67%, 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 $97,978 in Seibert, the typical annual property tax bill is $696, significantly below the national median of $2,690. Property taxes in Seibert are based on the assessed value, which is often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Seibert'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 Seibert or another part of Kit Carson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Seibert, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$656
Ownwell’s Seibert Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Seibert with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Seibert 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 Seibert, Colorado
Property taxes in Seibert, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Seibert is 0.67%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Seibert set these rates annually, and they can vary significantly across different neighborhoods. Each year, Seibert 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 Seibert's effective property tax rate to other areas in Colorado and the national median. For comparison, the zip code 80834 has the highest median property tax rate of 0.67%, while the same zip code also has the lowest median tax rate of 0.67%. Understanding how these areas compare with Seibert provides valuable insights into the varying tax landscape across Kit Carson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Seibert Tax Rate
0.67%
Average Kit Carson County Tax Rate
0.57%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Seibert, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80834 | 0.61% | 0.67% | 0.67% | 0.83% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Seibert, Colorado
In Seibert, 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 Kit Carson 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 Seibert, 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 Seibert is $97,978, with a 25th percentile tax bill of $236 and a 75th percentile tax bill of $1,406. The highest and lowest median tax bill both stand at $696 in the 80834 zip code. Being aware of these valuation processes in Seibert helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Seibert Assessed Value
$97,978
Average Kit Carson County Assessed Value
$118,410
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Seibert, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80834 | $8,787 | $32,209 | $97,978 | $155,347 | $228,879 |
Source: Ownwell
Property Tax Bills Across Seibert, Colorado
In Seibert, located in Kit Carson 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 Seibert is $97,978. Homeowners in this city experience a range of property tax bills, with the 25th percentile paying around $236 and the 75th percentile paying up to $1,406 annually. The tax bill for the 90th percentile reaches approximately $1,929. Various factors influence the tax bill, including the home's assessed value, local tax rates, and any applicable exemptions. These property taxes fund essential community services such as public schools, infrastructure, and emergency services. For homeowners, understanding how these factors interplay is crucial for financial planning. Compared to the national median property tax rate of 0.99%, Seibert's rates can vary significantly, affecting how much homeowners ultimately pay. This variability underscores the importance of staying informed about local tax assessments and potential exemptions to manage property tax liabilities effectively.
Average Seibert Tax Bill
$696
Average Kit Carson County Tax Bill
$754
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Seibert, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80834 | $60 | $236 | $696 | $1,406 | $1,929 |
Source: Ownwell