Fleming, Colorado Property Taxes
The median property tax rate in Fleming, CO is 0.63%, which is lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Fleming at $129,470, the typical annual property tax bill is $814, significantly below the national median of $2,690. Property taxes in Fleming are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Fleming'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 Fleming or another part of Logan County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fleming, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$816
Ownwell’s Fleming Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fleming with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fleming 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 Fleming, Colorado
Property taxes in Fleming, Colorado, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Fleming is 0.63%, lower than the U.S. national median of 0.99%. Local government entities within Fleming set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fleming 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 Fleming's effective property tax rate to other areas in Colorado and the national median. For comparison, the 80728 zip code has both the highest and lowest median property tax rate of 0.63%. Understanding how these areas compare with Fleming provides valuable insights into the varying tax landscape across Logan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fleming Tax Rate
0.63%
Average Logan County Tax Rate
0.57%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fleming, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80728 | 0.44% | 0.56% | 0.63% | 0.64% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Fleming, Colorado
In Fleming, 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 Logan County Appraisal District 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 Fleming, 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 Fleming is $129,470, with tax bills ranging from $464 at the 25th percentile to $1,957 at the 90th percentile. The highest median tax bill is $814 in the 80728 zip code, which also has the lowest median tax bill. Being aware of these valuation processes in Fleming helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Fleming Assessed Value
$129,470
Average Logan County Assessed Value
$146,235
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fleming, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80728 | $24,640 | $73,870 | $129,470 | $204,080 | $301,500 |
Source: Ownwell
Property Tax Bills Across Fleming, Colorado
In Fleming, located in Logan 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 Fleming is $129,470. Property taxes in this area can vary significantly, with the 25th percentile tax bill at $464 and the 75th percentile reaching $1,301. For those in the 90th percentile, tax bills can go up to $1,957. These tax bills are determined by multiplying the assessed value of the property by the local tax rate. Factors such as the property's location, size, and any applicable exemptions or deductions also play a crucial role. This system ensures that homeowners contribute to local services like schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Fleming’s rates provide a context for homeowners to understand their financial responsibilities better.
Average Fleming Tax Bill
$814
Average Logan County Tax Bill
$847
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Fleming, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80728 | $164 | $464 | $814 | $1,301 | $1,957 |
Source: Ownwell