Dinosaur, Colorado Property Taxes
The median property tax rate in Dinosaur, CO is 0.65%, which is lower than the national median of 0.99% but higher than the Colorado state median of 0.55%. With a median home value of $39,964 in Dinosaur, the typical annual property tax bill amounts to $269, significantly below the national median of $2,690. Property taxes in Dinosaur are based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Dinosaur'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 Dinosaur or another part of Moffat County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dinosaur, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$260
Ownwell’s Dinosaur Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dinosaur with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dinosaur 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 Dinosaur, Colorado
Property taxes in Dinosaur, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dinosaur is 0.65%, which is higher than the Colorado state median of 0.55% but lower than the U.S. national median of 0.99%. Local government entities within Dinosaur set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dinosaur 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 Dinosaur's effective property tax rate to other areas in Moffat County and the national median. For comparison, the 81610 ZIP code has the highest median property tax rate of 0.65%, while the 81633 ZIP code has the lowest median tax rate of 0.43%. Understanding how these areas compare with Dinosaur provides valuable insights into the varying tax landscape across Moffat County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dinosaur Tax Rate
0.65%
Average Moffat County Tax Rate
0.59%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dinosaur, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81610 | 0.32% | 0.50% | 0.65% | 0.65% | 0.65% |
| 81633 | 0.43% | 0.43% | 0.43% | 0.43% | 0.43% |
Source: Ownwell
Property Tax Assessment Values Across Dinosaur, Colorado
In Dinosaur, 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 Moffat 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 Dinosaur, 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. For example, the highest median tax bill in the area is $972 in zip code 81633, while the lowest is $269 in zip code 81610. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dinosaur Assessed Value
$39,964
Average Moffat County Assessed Value
$139,471
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dinosaur, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81610 | $6,827 | $16,756 | $39,964 | $66,593 | $90,656 |
| 81633 | $25,717 | $59,184 | $114,964 | $170,744 | $204,211 |
Source: Ownwell
Property Tax Bills Across Dinosaur, Colorado
In Dinosaur, located in Moffat County, CO, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The local tax rate is then applied to this assessed value. For instance, with a median home price of $39,964, homeowners in Dinosaur can expect a tax bill ranging from $193 at the 25th percentile to $583 at the 90th percentile. This variation is influenced by factors such as property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Dinosaur offers a relatively low tax burden, providing some financial relief for homeowners. However, even within the city, there are disparities; the highest median tax bill in the area is $972 in zip code 81633, while the lowest is $269 in zip code 81610. These differences highlight the importance of understanding local tax assessments and how they can impact overall housing costs.
Average Dinosaur Tax Bill
$269
Average Moffat County Tax Bill
$783
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Dinosaur, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81610 | $116 | $192 | $269 | $440 | $578 |
| 81633 | $972 | $972 | $972 | $972 | $972 |
Source: Ownwell