Florissant, Colorado Property Taxes
The median property tax rate in Florissant, CO is 0.31%, considerably lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Florissant, the typical annual property tax bill reaches $984, significantly below the national median of $2,690. Property taxes in Florissant are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Florissant'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 Florissant 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
Florissant, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.31%
Estimate Property Tax Bill
$934
Ownwell’s Florissant Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Florissant with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Florissant 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 Florissant, Colorado
Property taxes in Florissant, Colorado, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Florissant is 0.31%, which is significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Florissant set these rates annually, and they can vary across different neighborhoods. Each year, Florissant 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 Florissant's effective property tax rate compares to other regions in Colorado and the national median provides valuable insights into the varying tax landscape across Teller County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Florissant Tax Rate
0.31%
Average Teller County Tax Rate
0.39%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Florissant, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80816 | 0.25% | 0.27% | 0.31% | 0.39% | 0.41% |
Source: Ownwell
Property Tax Assessment Values Across Florissant, Colorado
In Florissant, 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 Teller 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 Florissant, 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 Florissant helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $984.00, found in the 80816 zip code.
Average Florissant Assessed Value
$301,398
Average Teller County Assessed Value
$324,386
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Florissant, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80816 | $97,338 | $217,342 | $301,398 | $394,822 | $493,868 |
Source: Ownwell
Property Tax Bills Across Florissant, Colorado
In Florissant, CO, property tax bills are calculated based on the assessed value of a home and the local tax rate set by Teller County. The assessed value is a percentage of the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For example, with the median home price in Florissant at $301,398, the tax bill can vary significantly. Homeowners in the 25th percentile pay around $679 annually, while those in the 75th percentile face bills closer to $1,342. At the 90th percentile, the tax bill can reach up to $1,773. These amounts can impact homeowners by affecting their monthly mortgage payments and overall housing affordability. When compared to the national median property tax rate of 0.99%, the property tax rates in Florissant can be seen as relatively moderate. Understanding these factors can help homeowners better anticipate their financial obligations and budget accordingly for their property taxes.
Average Florissant Tax Bill
$984
Average Teller County Tax Bill
$1,276
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Florissant, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80816 | $317 | $679 | $984 | $1,342 | $1,773 |
Source: Ownwell