Shawnee, Colorado Property Taxes
The median property tax rate in Shawnee, CO is 0.44%, considerably lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Shawnee at $359,210, the typical annual property tax bill reaches $1,570, which is significantly below the national median of $2,690. Property taxes in Shawnee 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 Shawnee'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 Shawnee or another part of Park County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Shawnee, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.44%
Estimate Property Tax Bill
$1,581
Ownwell’s Shawnee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shawnee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shawnee 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 Shawnee, Colorado
Property taxes in Shawnee, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shawnee is 0.44%, significantly lower than both the Colorado state median of 0.51% and the U.S. national median of 0.99%. Local government entities within Shawnee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shawnee 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 Shawnee's effective property tax rate to other counties in Colorado and the national median. For comparison, the 80475 zip code has both the highest and lowest median property tax rate of 0.44%. Understanding how these cities compare with Shawnee provides valuable insights into the varying tax landscape across Park County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Shawnee Tax Rate
0.44%
Average Park County Tax Rate
0.44%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shawnee, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80475 | 0.41% | 0.44% | 0.44% | 0.44% | 0.44% |
Source: Ownwell
Property Tax Assessment Values Across Shawnee, Colorado
In Shawnee, 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 Park 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 Shawnee, 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 Shawnee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Shawnee, the highest median tax bill is $1,570, while the lowest is also $1,570, both in zip code 80475. This is significantly lower than the national median property tax rate of 0.99%.
Average Shawnee Assessed Value
$359,210
Average Park County Assessed Value
$344,823
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Shawnee, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80475 | $196,639 | $285,466 | $359,210 | $459,848 | $708,690 |
Source: Ownwell
Property Tax Bills Across Shawnee, Colorado
Property tax bills in Shawnee, located in Park County, CO, are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value, which is influenced by factors such as location, property size, and market conditions. In Shawnee, the median home price is $359,210. Homeowners in Shawnee can expect their property tax bills to vary widely. For instance, the tax bill at the 25th percentile is $1,218, while at the 75th percentile, it rises to $1,975. At the 90th percentile, homeowners might see a tax bill as high as $3,118. The highest and lowest median tax bills in Shawnee are both recorded at $1,570, which aligns with the local tax rate and assessed values. These property taxes are crucial for funding local services such as schools, emergency services, and infrastructure. However, higher property taxes can impact homeowners by increasing their annual expenses, potentially affecting their overall financial planning.
Average Shawnee Tax Bill
$1,570
Average Park County Tax Bill
$1,504
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Shawnee, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80475 | $855 | $1,218 | $1,570 | $1,975 | $3,118 |
Source: Ownwell