Rifle, Colorado Property Taxes
The median property tax rate in Rifle, CO is 0.32%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With a median home value of $209,345 in Rifle, the typical annual property tax bill is around $549, far below the national median of $2,690. Property taxes in Rifle are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as the primary residence and agricultural exemptions. Understanding Rifle's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Rifle or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rifle, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.32%
Estimate Property Tax Bill
$670
Ownwell’s Rifle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rifle with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rifle 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 Rifle, Colorado
Property taxes in Rifle, Colorado, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rifle is 0.32%, which is significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Rifle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rifle 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 these cities compare with Rifle provides valuable insights into the varying tax landscape across Rio Blanco County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rifle Tax Rate
0.32%
Average Rio Blanco County Tax Rate
0.43%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rifle, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81650 | 0.25% | 0.30% | 0.32% | 0.47% | 0.59% |
Source: Ownwell
Property Tax Assessment Values Across Rifle, Colorado
In Rifle, 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 Rio Blanco 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 Rifle, 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 Rifle helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Rifle is 81650, with a median tax bill of $549.
Average Rifle Assessed Value
$209,345
Average Rio Blanco County Assessed Value
$159,630
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rifle, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81650 | $24,640 | $100,772 | $209,345 | $289,338 | $373,925 |
Source: Ownwell
Property Tax Bills Across Rifle, Colorado
In Rifle, CO, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the market value, which is periodically evaluated by the county assessor. Various factors, such as property improvements, neighborhood developments, and market trends, influence this valuation. For instance, the median home price in Rifle is $209,345. Homeowners in Rifle can expect varying tax bills based on their property's assessed value. The tax bill for the 25th percentile is around $353, while those in the 75th percentile might pay approximately $1,232. At the higher end, the 90th percentile tax bill reaches up to $1,782. Comparatively, the national median property tax rate stands at 0.99%, providing a useful benchmark for understanding local rates. These property taxes fund essential public services, including schools, infrastructure, and emergency services, directly impacting the quality of life in the community.
Average Rifle Tax Bill
$549
Average Rio Blanco County Tax Bill
$651
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Rifle, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81650 | $77 | $353 | $549 | $1,232 | $1,782 |
Source: Ownwell