Pueblo, Colorado Property Taxes
The median property tax rate in Pueblo, CO is 0.69%, 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 $186,580 in Pueblo, the typical annual property tax bill is $1,158, which is below the national median of $2,690. Property taxes in Pueblo 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 Pueblo'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 Pueblo 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
Pueblo, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$1,287
Ownwell’s Pueblo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pueblo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pueblo 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 Pueblo, Colorado
Property taxes in Pueblo, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pueblo is 0.69%, lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Pueblo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pueblo 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 Pueblo's effective property tax rate to other areas in Colorado and the national median. For comparison, the 81006 zip code has the highest median property tax rate of 0.73%, while the 81023 zip code has the lowest median tax rate of 0.50%. Understanding how these areas compare with Pueblo provides valuable insights into the varying tax landscape across Pueblo County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pueblo Tax Rate
0.69%
Average Pueblo County Tax Rate
0.69%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pueblo, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81001 | 0.35% | 0.69% | 0.69% | 0.69% | 0.69% |
| 81003 | 0.35% | 0.69% | 0.69% | 0.69% | 0.69% |
| 81004 | 0.35% | 0.69% | 0.69% | 0.69% | 0.69% |
| 81005 | 0.35% | 0.55% | 0.69% | 0.69% | 0.69% |
| 81006 | 0.42% | 0.62% | 0.73% | 0.73% | 0.75% |
| 81007 | 0.46% | 0.70% | 0.70% | 0.70% | 0.70% |
| 81008 | 0.41% | 0.68% | 0.69% | 0.69% | 0.69% |
| 81023 | 0.41% | 0.43% | 0.50% | 0.96% | 1.69% |
| 81069 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Pueblo, Colorado
In Pueblo, 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 Pueblo 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. Assessment notices in Pueblo 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 Pueblo is $186,580, with tax bills ranging from $728 at the 25th percentile to $2,285 at the 90th percentile. The highest median tax bill is $1,818 in the 81007 zip code, while the lowest is $845 in the 81003 zip code. By understanding 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 Pueblo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pueblo Assessed Value
$186,580
Average Pueblo County Assessed Value
$185,177
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pueblo, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81001 | $48,663 | $92,834 | $141,246 | $198,487 | $264,659 |
| 81003 | $72,497 | $98,077 | $130,238 | $166,563 | $214,188 |
| 81004 | $76,108 | $104,852 | $137,690 | $177,126 | $234,052 |
| 81005 | $121,062 | $158,046 | $202,414 | $254,485 | $327,662 |
| 81006 | $56,000 | $126,672 | $211,936 | $283,168 | $374,054 |
| 81007 | $126,974 | $222,436 | $275,408 | $335,468 | $407,605 |
| 81008 | $47,391 | $142,415 | $215,464 | $275,000 | $330,628 |
| 81023 | $102,287 | $254,967 | $375,814 | $438,924 | $487,677 |
| 81069 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Pueblo, Colorado
In Pueblo, CO, property tax bills are calculated based on the assessed value of a property, which is derived from its market value. The county assessor determines the market value, and then the assessed value is calculated, typically as a percentage of that market value. For instance, with a median home price of $186,580, the assessed value is a fraction of this amount. The tax rate, applied to the assessed value, determines the final tax bill. Several factors influence this calculation, including the property's location, size, and improvements. In Pueblo County, the property tax bills vary significantly; the 25th percentile tax bill is around $728, while the 75th percentile reaches $1,723. Notably, the highest median tax bill in the county is $1,818 in the 81007 zip code, whereas the lowest is $845 in the 81003 zip code. These variations can significantly impact homeowners, as higher property taxes can increase the overall cost of homeownership, influencing decisions on buying, selling, or renovating properties.
Average Pueblo Tax Bill
$1,158
Average Pueblo County Tax Bill
$1,150
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Pueblo, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81001 | $326 | $557 | $861 | $1,267 | $1,737 |
| 81003 | $432 | $602 | $845 | $1,111 | $1,438 |
| 81004 | $439 | $619 | $882 | $1,159 | $1,544 |
| 81005 | $583 | $875 | $1,243 | $1,643 | $2,153 |
| 81006 | $383 | $784 | $1,321 | $1,924 | $2,636 |
| 81007 | $741 | $1,371 | $1,818 | $2,255 | $2,784 |
| 81008 | $322 | $797 | $1,355 | $1,815 | $2,210 |
| 81023 | $411 | $1,012 | $1,815 | $2,295 | $2,312 |
| 81069 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell