Walsenburg, Colorado Property Taxes
The median property tax rate in Walsenburg, CO is 0.20%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Walsenburg at $206,457, the typical annual property tax bill amounts to $433, well below the national median of $2,690. Property taxes in Walsenburg are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Walsenburg'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 Walsenburg 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
Walsenburg, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.2%
Estimate Property Tax Bill
$413
Ownwell’s Walsenburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Walsenburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Walsenburg 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 Walsenburg, Colorado
Property taxes in Walsenburg, Colorado, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Walsenburg is 0.20%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Walsenburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Walsenburg 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 Walsenburg's effective property tax rate to other counties in Colorado and the national median. For comparison, the highest median property tax rate in the region is significantly higher, while the lowest median tax rate is notably lower. Understanding how these cities compare with Walsenburg 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 Walsenburg Tax Rate
0.20%
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 Walsenburg, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81089 | 0.19% | 0.20% | 0.20% | 0.29% | 0.31% |
Source: Ownwell
Property Tax Assessment Values Across Walsenburg, Colorado
In Walsenburg, 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 Walsenburg, 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 Walsenburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bills is 81089, with a median tax bill of $433.
Average Walsenburg Assessed Value
$206,457
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 Walsenburg, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81089 | $137,921 | $173,602 | $206,457 | $273,091 | $389,841 |
Source: Ownwell
Property Tax Bills Across Walsenburg, Colorado
In Walsenburg, located in Las Animas County, CO, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in Walsenburg is $206,457, and property tax rates are applied to this assessed value to calculate the tax bill. Factors such as property location, size, and improvements can influence the assessed value. Homeowners in Walsenburg can expect their property tax bills to vary. For example, the 25th percentile tax bill is around $379, while the 75th percentile tax bill reaches $710. At the higher end, the 90th percentile tax bill can be as much as $1,212. The median property tax bill in the area is $433, which is significantly below the national median property tax rate of 0.99%. These property taxes fund local services such as schools, infrastructure, and emergency services, directly impacting the community and homeowners.
Average Walsenburg Tax Bill
$433
Average Las Animas County Tax Bill
$300
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Walsenburg, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81089 | $294 | $379 | $433 | $710 | $1,212 |
Source: Ownwell