Del Norte, Colorado Property Taxes
The median property tax rate in Del Norte, CO is 0.46%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With a median home value of $58,835 in Del Norte, the typical annual property tax bill is $259, well below the national median of $2,690. Property taxes in Del Norte are calculated based on the tax assessed value, which is often less than the market value due to various exemptions like those for primary residences and agricultural land. Understanding Del Norte'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 Del Norte 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
Del Norte, 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 Del Norte Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Del Norte with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Del Norte 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 Del Norte, Colorado
Property taxes in Del Norte, Colorado, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Del Norte is 0.35%, which is significantly lower than both the Colorado state median of 0.51% and the U.S. national median of 0.99%. Local government entities within Del Norte set these rates annually, and they can vary significantly across different neighborhoods. Each year, Del Norte 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 Del Norte's effective property tax rate to other counties in Colorado and the national median. For comparison, the highest median property tax rate in the region is 0.51% in Alamosa County, while the lowest median tax rate is 0.35% in Del Norte. Understanding how these cities compare with Del Norte provides valuable insights into the varying tax landscape across Rio Grande County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Del Norte Tax Rate
0.46%
Average Saguache County Tax Rate
0.66%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Del Norte, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81132 | 0.42% | 0.42% | 0.46% | 0.47% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Del Norte, Colorado
In Del Norte, 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 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 Del Norte, 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 Del Norte helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Del Norte are both $259, found in the zip code 81132. This highlights the uniformity in tax bills, offering a clear picture for homeowners in the area.
Average Del Norte Assessed Value
$58,835
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 Del Norte, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81132 | $4,259 | $21,554 | $58,835 | $127,614 | $229,543 |
Source: Ownwell
Property Tax Bills Across Del Norte, Colorado
In Del Norte, CO, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the property's market value. Homeowners in Del Norte typically see a range of tax bills, with the 25th percentile at $99 and the 75th percentile at $546. At the higher end, the 90th percentile tax bill can reach $1,138. The median home price in Del Norte stands at $58,835, which is relatively low compared to national figures. This lower market value contributes to generally lower property tax bills in the area. Factors influencing the tax bill include the property's location, market value, and any applicable exemptions or deductions. Property taxes fund essential local services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents. In comparison, the national median property tax rate is 0.99%, highlighting that Del Norte's property taxes are relatively modest, providing a financial advantage to homeowners in this region.
Average Del Norte Tax Bill
$259
Average Saguache County Tax Bill
$305
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Del Norte, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81132 | $20 | $99 | $259 | $546 | $1,138 |
Source: Ownwell