Villa Grove, Colorado Property Taxes
The median property tax rate in Villa Grove, CO is 0.57%, which is below the national median of 0.99% but slightly higher than the Colorado state median of 0.55%. With a median home value of $62,323, the typical annual property tax bill in Villa Grove comes to $347, significantly lower than the national median of $2,690. Property taxes in Villa Grove are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Villa Grove'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 Villa Grove 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
Villa Grove, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.57%
Estimate Property Tax Bill
$355
Ownwell’s Villa Grove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Villa Grove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Villa Grove 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 Villa Grove, Colorado
Property taxes in Villa Grove, Colorado, are essential in funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Villa Grove is 0.57%, which is lower than the U.S. national median of 0.99%. Local government entities within Villa Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Villa Grove 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 Villa Grove's effective property tax rate to other areas in Colorado and the national median. For comparison, the 81155 zip code has the highest median property tax rate of 0.57%, while the same zip code also has the lowest median tax rate of 0.57%. Understanding how these areas compare with Villa Grove 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 Villa Grove Tax Rate
0.57%
Average Saguache County Tax Rate
0.66%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Villa Grove, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81155 | 0.45% | 0.57% | 0.57% | 0.58% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Villa Grove, Colorado
In Villa Grove, 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 local 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 Villa Grove, 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 Villa Grove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Villa Grove are both $347, found in zip code 81155.
Average Villa Grove Assessed Value
$62,323
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 Villa Grove, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81155 | $4,959 | $19,595 | $62,323 | $152,242 | $246,389 |
Source: Ownwell
Property Tax Bills Across Villa Grove, Colorado
In Villa Grove, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate set by Saguache County. The median home price in Villa Grove is $62,323, and the tax rate in this area results in a median tax bill of $347 annually. This figure is notably lower than the national median property tax rate of 0.99%. Several factors influence property tax bills, including property size, location, and any applicable exemptions. For example, tax bills in Villa Grove can range significantly, with the 25th percentile at $116 and the 90th percentile reaching up to $1,386. These taxes fund essential community services such as schools, public safety, and infrastructure, directly impacting homeowners. Lower property taxes can make Villa Grove an attractive place for residents looking to balance homeownership costs with quality local services.
Average Villa Grove Tax Bill
$347
Average Saguache County Tax Bill
$305
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Villa Grove, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81155 | $30 | $116 | $347 | $829 | $1,386 |
Source: Ownwell