Las Animas, Colorado Property Taxes
The median property tax rate in Las Animas, CO is 0.33%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Las Animas at $166,989, the typical annual property tax bill is $544, well below the national median of $2,690. Property taxes in Las Animas are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Las Animas's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Las Animas 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
Las Animas, 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 LAS ANIMAS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LAS ANIMAS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LAS ANIMAS 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 Las Animas, Colorado
Property taxes in Las Animas, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Las Animas stands at 0.33%, which is significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Las Animas set these rates annually, and they can vary significantly across different neighborhoods. Each year, Las Animas 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. Understanding how Las Animas' effective property tax rate compares to other counties in Colorado and the national median 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 Las Animas Tax Rate
0.33%
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 Las Animas, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81054 | 0.33% | 0.33% | 0.33% | 0.33% | 0.33% |
Source: Ownwell
Property Tax Assessment Values Across Las Animas, Colorado
In Las Animas, 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 Las Animas, 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. In Las Animas, the highest and lowest median tax bills are both $544 in the zip code 81054. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Las Animas Assessed Value
$166,989
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 Las Animas, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81054 | $166,989 | $166,989 | $166,989 | $166,989 | $166,989 |
Source: Ownwell
Property Tax Bills Across Las Animas, Colorado
In Las Animas, CO, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The assessed value for residential properties is typically a percentage of the market value, as determined by the county assessor. For instance, with a median home price of $166,989, the assessed value is a fraction of this amount. The property tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the property tax bill, including the home's location within the county, local tax rates, and any applicable exemptions or deductions. For homeowners in Las Animas, the median property tax bill is $544, which is significantly lower than the national median property tax rate of 0.99%. This relatively low tax bill can be a financial relief for homeowners, allowing them to allocate more of their budget towards other expenses or investments. Understanding these factors can help homeowners anticipate their annual tax obligations and plan accordingly.
Average Las Animas Tax Bill
$544
Average Las Animas County Tax Bill
$300
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Las Animas, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81054 | $544 | $544 | $544 | $544 | $544 |
Source: Ownwell