Ault, Colorado Property Taxes
The median property tax rate in Ault, CO is 0.34%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Ault, the typical annual property tax bill reaches $1,371, well below the national median of $2,690. Property taxes in Ault 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 Ault'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 Ault or another part of Weld County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ault, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.34%
Estimate Property Tax Bill
$1,285
Ownwell’s Ault Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ault with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ault 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 Ault, Colorado
Property taxes in Ault, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ault is 0.34%, which is significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Ault set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ault 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 Ault provides valuable insights into the varying tax landscape across Weld County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ault Tax Rate
0.34%
Average Weld County Tax Rate
0.49%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ault, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80610 | 0.18% | 0.32% | 0.34% | 0.63% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Ault, Colorado
In Ault, 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 Weld 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 Ault, 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. For example, the median home price in Ault is $377,871, with property tax bills ranging from $969 at the 25th percentile to $2,617 at the 90th percentile. The zip code 80610 has both the highest and lowest median tax bill at $1,371. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ault Assessed Value
$377,871
Average Weld County Assessed Value
$452,949
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ault, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80610 | $278,109 | $305,243 | $377,871 | $419,930 | $494,785 |
Source: Ownwell
Property Tax Bills Across Ault, Colorado
In Ault, located in Weld County, CO, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For instance, with a median home price of $377,871, homeowners in Ault can expect their property tax bills to vary significantly. The 25th percentile tax bill is $969, while the 75th percentile tax bill reaches $1917, and those in the 90th percentile may see bills as high as $2617. These figures reflect the range of property values and the corresponding taxes that homeowners might experience. Compared to the national median property tax rate of 0.99%, Ault's property tax bills are influenced by local factors, including property values and specific tax rates set by local authorities. Understanding these elements can help homeowners anticipate their financial obligations and plan accordingly.
Average Ault Tax Bill
$1,371
Average Weld County Tax Bill
$2,133
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Ault, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80610 | $557 | $969 | $1,371 | $1,917 | $2,617 |
Source: Ownwell