Naturita, Colorado Property Taxes
The median property tax rate in Naturita, CO is 0.57%, slightly higher than the Colorado state median of 0.55% but significantly lower than the national median of 0.99%. With a median home value of $85,120 in Naturita, the typical annual property tax bill amounts to $488, well below the national median of $2,690. Property taxes in Naturita are based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. By understanding Naturita's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners can achieve substantial annual savings. Whether you reside in Naturita or another part of Montrose County, a thorough understanding of the local property tax system will be advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Naturita, 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 Naturita Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Naturita with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Naturita 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 Naturita, Colorado
Property taxes in Naturita, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Naturita is 0.57%, which is lower than the U.S. national median of 0.99%. Local government entities within Naturita set these rates annually, and they can vary significantly across different neighborhoods. Each year, Naturita 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 Naturita's effective property tax rate to other areas in Montrose County and the national median. For comparison, the zip code 81422 has both the highest and lowest median property tax rate of 0.57%. Understanding how these cities compare with Naturita provides valuable insights into the varying tax landscape across Montrose County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Naturita Tax Rate
0.57%
Average Montrose County Tax Rate
0.49%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Naturita, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81422 | 0.56% | 0.57% | 0.57% | 0.57% | 0.57% |
Source: Ownwell
Property Tax Assessment Values Across Naturita, Colorado
In Naturita, 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 Montrose 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 Naturita, 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 Naturita helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Naturita are both $488.00, found in zip code 81422.
Average Naturita Assessed Value
$85,120
Average Montrose County Assessed Value
$398,340
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Naturita, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81422 | $27,750 | $30,615 | $85,120 | $145,900 | $221,830 |
Source: Ownwell
Property Tax Bills Across Naturita, Colorado
In Naturita, Montrose County, CO, property tax bills are determined by assessing the market value of a home and applying the local tax rate. With a median home price of $85,120, homeowners can expect varying tax bills based on their property's assessed value. The tax bill for the 25th percentile is $175, while for the 75th percentile, it rises to $839, and the 90th percentile sees a tax bill of $1,264. These figures illustrate the range of property taxes homeowners might encounter in Naturita. Factors influencing the tax bill include the home's assessed value, which is derived from its market value, and the local tax rate. Compared to the national median property tax rate of 0.99%, Naturita's tax rates can significantly impact homeowners' annual expenses. The highest and lowest median tax bills in Naturita are both recorded at $488, indicating a relatively consistent tax rate across the area. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Naturita Tax Bill
$488
Average Montrose County Tax Bill
$1,943
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Naturita, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81422 | $159 | $175 | $488 | $839 | $1,264 |
Source: Ownwell