Laporte, Colorado Property Taxes
The median property tax rate in Laporte, CO is 0.66%, which is lower than the national median of 0.99% but higher than the Colorado state median of 0.55%. With the median home value in Laporte at $367,950, the typical annual property tax bill amounts to $2,293, which is below the national median of $2,690. Property taxes in Laporte are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Laporte'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 Laporte 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
Laporte, 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 Laporte Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Laporte with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Laporte 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 Laporte, Colorado
Property taxes in Laporte, Colorado, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Laporte is 0.66%, which is lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Laporte set these rates annually, and they can vary significantly across different neighborhoods. Each year, Laporte 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 Laporte's effective property tax rate to other counties in Colorado and the national median. For comparison, the 80535 zip code has the highest median property tax rate of 0.66%, while the 80535 zip code also has the lowest median tax rate of 0.66%. Understanding how these cities compare with Laporte provides valuable insights into the varying tax landscape across Larimer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Laporte Tax Rate
0.66%
Average Larimer County Tax Rate
0.66%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Laporte, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80535 | 0.48% | 0.63% | 0.66% | 0.67% | 0.67% |
Source: Ownwell
Property Tax Assessment Values Across Laporte, Colorado
Understanding the difference between "market value" and "assessed value" is essential for comprehending property taxes in LaPorte, Colorado. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as location, property condition, and economic trends. This value is estimated by the Larimer 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 LaPorte, 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 instance, the highest median tax bill in LaPorte is $2,293 in the 80535 zip code, while the lowest median tax bill is also $2,293 in the same zip code. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Laporte Assessed Value
$367,950
Average Larimer County Assessed Value
$394,000
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Laporte, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80535 | $269,700 | $307,450 | $367,950 | $515,050 | $693,700 |
Source: Ownwell
Property Tax Bills Across Laporte, Colorado
In Laporte, 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 Laporte is $367,950. Homeowners' tax bills are influenced by the assessed value and the local tax rate set by Larimer County. The tax bill can vary significantly; for instance, the 25th percentile tax bill is $1,952, while the 75th percentile tax bill is $3,219, and the 90th percentile tax bill reaches $4,402. The highest and lowest median tax bills in the area both stand at $2,293, reflecting the uniformity within certain zip codes like 80535. Compared to the national median property tax rate of 0.99%, Laporte's rates can differ, impacting homeowners' annual expenses. Understanding these factors helps homeowners anticipate their financial obligations and manage their budgets effectively.
Average Laporte Tax Bill
$2,293
Average Larimer County Tax Bill
$2,461
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Laporte, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80535 | $1,376 | $1,952 | $2,293 | $3,219 | $4,402 |
Source: Ownwell