Carbondale, Colorado Property Taxes
The median property tax rate in Carbondale, CO is 0.53%, which is notably lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Carbondale at $558,700, the typical annual property tax bill reaches $3,182, surpassing the national median of $2,690. Property taxes in Carbondale are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Carbondale'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 Carbondale or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Carbondale, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$2,961
Ownwell’s Carbondale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Carbondale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carbondale 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 Carbondale, Colorado
Property taxes in Carbondale, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Carbondale is 0.53%, significantly lower than the U.S. national median of 0.99%. Local government entities within Carbondale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carbondale 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. Understanding how Carbondale's effective property tax rate compares to other areas in Pitkin County and the national median provides valuable insights into the varying tax landscape, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carbondale Tax Rate
0.53%
Average Pitkin County Tax Rate
0.26%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carbondale, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81623 | 0.46% | 0.53% | 0.53% | 0.70% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Carbondale, Colorado
In Carbondale, 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 Pitkin 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 Carbondale, 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. The median home price in Carbondale is $558,700, with tax bills ranging from $2,237 at the 25th percentile to $7,263 at the 90th percentile. The highest and lowest median tax bills are both $3,182 in zip code 81623. 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 Carbondale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Carbondale, Colorado
Source: Ownwell
$254,900
$3,919,500
$7,584,100
Average Carbondale Assessed Value
$558,700
Average Pitkin County Assessed Value
$1,237,200
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carbondale, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81623 | $271,240 | $412,400 | $558,700 | $767,900 | $1,103,380 |
Source: Ownwell
Property Tax Bills Across Carbondale, Colorado
In Carbondale, property tax bills are calculated based on the assessed value of a home, which is determined by the Pitkin County Assessor's Office. This assessed value is a percentage of the property's market value, with the median home price in Carbondale being $558,700. The tax rate is then applied to this assessed value to determine the annual property tax bill. Homeowners in Carbondale can expect a range of property tax bills. For instance, at the 25th percentile, tax bills are around $2,237, while at the 75th percentile, they can reach up to $4,445. For those at the 90th percentile, tax bills can be as high as $7,263. These figures reflect the variability in property values and the corresponding tax obligations. Compared to the national median property tax rate of 0.99%, Carbondale's property taxes can be relatively high, impacting homeowners' annual expenses significantly. The highest and lowest median tax bills in the area both stand at $3,182, indicating a consistent tax rate across different neighborhoods within the same zip code.
Average Carbondale Tax Bill
$3,182
Average Pitkin County Tax Bill
$4,527
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Carbondale, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81623 | $1,525 | $2,237 | $3,182 | $4,445 | $7,263 |
Source: Ownwell