Hoehne, Colorado Property Taxes
The median property tax rate in Hoehne, CO is 0.36%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Hoehne at $111,975, the typical annual property tax bill is $403, well below the national median of $2,690. Property taxes in Hoehne are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hoehne'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 Hoehne 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
Hoehne, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.36%
Estimate Property Tax Bill
$403
Ownwell’s Hoehne Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hoehne with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hoehne 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 Hoehne, Colorado
Property taxes in Hoehne, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hoehne is 0.36%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Hoehne set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hoehne 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 Hoehne's effective property tax rate to other counties in Colorado and the national median. For comparison, the highest median property tax rate in Colorado is found in zip code 80465, which has a median tax rate of 0.68%, while the lowest median tax rate is in zip code 81091, with a rate of 0.36%. Understanding how these cities compare with Hoehne provides valuable insights into the varying tax landscape across Las Animas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hoehne Tax Rate
0.36%
Average Las Animas County Tax Rate
0.33%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hoehne, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81046 | 0.36% | 0.36% | 0.36% | 0.36% | 0.36% |
Source: Ownwell
Property Tax Assessment Values Across Hoehne, Colorado
In Hoehne, 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 Las Animas 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 Hoehne, 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. Being aware of these valuation processes in Hoehne helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $403, with the zip code 81046 reflecting this uniformity.
Average Hoehne Assessed Value
$111,975
Average Las Animas County Assessed Value
$103,330
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hoehne, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81046 | $111,975 | $111,975 | $111,975 | $111,975 | $111,975 |
Source: Ownwell
Property Tax Bills Across Hoehne, Colorado
In Hoehne, Las Animas 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 Hoehne is $111,975. Property taxes are determined by multiplying the assessed value by the local tax rate. The median property tax rate in Hoehne is notably lower than the national median of 0.99%, resulting in a typical tax bill of $403. This tax bill remains consistent across various percentiles, from the 25th to the 90th, indicating a stable tax environment. Several factors influence the tax bill, including property size, location, and any applicable exemptions. For homeowners, this means that despite fluctuations in market value, their tax obligations remain relatively predictable. This stability can make budgeting easier and provide a sense of financial security. The relatively low property tax rate in Hoehne can also make it an attractive location for potential homeowners looking for affordability.
Average Hoehne Tax Bill
$403
Average Las Animas County Tax Bill
$300
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Hoehne, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81046 | $403 | $403 | $403 | $403 | $403 |
Source: Ownwell