Center, Colorado Property Taxes
The median property tax rate in Center, CO is 0.66%, which is significantly lower than the national median of 0.99% but higher than the Colorado state median of 0.55%. With a median home value of $32,616 in Center, the typical annual property tax bill is $196, well below the national median of $2,690. Property taxes in Center are calculated based on the assessed value, generally lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Center'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 Center 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
Center, 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 CENTER Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in CENTER with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in CENTER 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 Center, Colorado
Property taxes in Center, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Center is 0.66%, which is lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Center set these rates annually, and they can vary significantly across different neighborhoods. Each year, Center 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 Center's effective property tax rate to other counties in Colorado and the national median. For comparison, the 81125 zip code has both the highest and lowest median property tax rate of 0.66%. Understanding how these areas compare with Center provides valuable insights into the varying tax landscape across Saguache County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Center Tax Rate
0.66%
Average Saguache County Tax Rate
0.66%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Center, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81125 | 0.45% | 0.53% | 0.66% | 0.66% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Center, Colorado
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Center, Colorado. 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 Saguache 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 Center, 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 Center helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 81125 has both the highest and lowest median tax bill at $196.
Average Center Assessed Value
$32,616
Average Saguache County Assessed Value
$49,043
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Center, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81125 | $2,881 | $12,282 | $32,616 | $68,354 | $141,934 |
Source: Ownwell
Property Tax Bills Across Center, Colorado
In Center, Saguache County, CO, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in this area is $32,616. Property tax bills can vary widely, with the 25th percentile at $74 and the 75th percentile at $395, indicating a significant range in tax liabilities. The 90th percentile sees tax bills reaching up to $1,188. These taxes are influenced by various factors, including the property's assessed value, local tax rates, and any applicable exemptions. The highest median tax bill in the region is $196, which is also the lowest, suggesting a uniformity in certain areas within the county. Compared to the national median property tax rate of 0.99%, homeowners in Center may experience lower tax rates, but the actual tax burden can still vary significantly depending on the specific property and its assessed value. This variability can impact homeowners' financial planning and housing affordability.
Average Center Tax Bill
$196
Average Saguache County Tax Bill
$305
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Center, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81125 | $19 | $74 | $196 | $395 | $1,188 |
Source: Ownwell