Dolores, Colorado Property Taxes
The median property tax rate in Dolores, CO is 0.46%, considerably lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Dolores, the typical annual property tax bill reaches $926, well below the national median of $2,690. Property taxes in Dolores 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 Dolores'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 Dolores or another part of Montezuma County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dolores, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.46%
Estimate Property Tax Bill
$991
Ownwell’s Dolores Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dolores with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dolores 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 Dolores, Colorado
Property taxes in Dolores, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dolores is 0.46%, which is lower than the U.S. national median of 0.99%. Local government entities within Dolores set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dolores 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 Dolores's effective property tax rate to other counties in Colorado and the national median. For comparison, the zip code 81323 has both the highest and lowest median property tax rate of 0.46%. Understanding how these cities compare with Dolores provides valuable insights into the varying tax landscape across Montezuma County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dolores Tax Rate
0.46%
Average Montezuma County Tax Rate
0.39%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dolores, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81323 | 0.27% | 0.39% | 0.46% | 0.49% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Dolores, Colorado
In Dolores, 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 Montezuma 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 Dolores, 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 Dolores helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Dolores is $215,358, with the highest median tax bill recorded at $926 in the 81323 zip code.
Average Dolores Assessed Value
$215,358
Average Montezuma County Assessed Value
$183,673
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dolores, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81323 | $82,881 | $143,964 | $215,358 | $292,313 | $385,537 |
Source: Ownwell
Property Tax Bills Across Dolores, Colorado
In Dolores, Montezuma County, CO, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. The assessed value is a percentage of the market value of your property. For homeowners in this region, the median home price stands at $215,358. To determine your property tax bill, the assessed value is multiplied by the local tax rate. The national median property tax rate is 0.99%, but rates can vary by location. In Dolores, tax bills can range widely. For instance, homeowners in the 25th percentile pay around $586 annually, while those in the 75th percentile see bills of about $1304. The 90th percentile faces even higher taxes, with bills reaching up to $1774. These tax bills directly impact homeowners by influencing their annual housing costs. Understanding how these values are calculated can help homeowners anticipate their financial responsibilities and plan accordingly.
Average Dolores Tax Bill
$926
Average Montezuma County Tax Bill
$702
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Dolores, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81323 | $341 | $586 | $926 | $1,304 | $1,774 |
Source: Ownwell