Orchard, Colorado Property Taxes
The median property tax rate in Orchard, CO is 0.38%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Orchard, the typical annual property tax bill is $1,552, which is well below the national median of $2,690. Property taxes in Orchard are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Orchard'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 Orchard 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
Orchard, 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 Orchard Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Orchard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Orchard 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 Orchard, Colorado
Property taxes in Orchard, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Orchard is 0.38%, significantly lower than the U.S. national median of 0.99%. Local government entities within Orchard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Orchard 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 Orchard's effective property tax rate to other counties in Colorado and the national median. For comparison, the highest median property tax rate in Colorado is found in zip code 81611 with a rate of 0.62%, while the lowest median tax rate is in zip code 80513 at 0.29%. Understanding how these cities compare with Orchard 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 Orchard Tax Rate
0.38%
Average Weld County Tax Rate
0.49%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Orchard, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80649 | 0.23% | 0.28% | 0.38% | 0.45% | 0.46% |
Source: Ownwell
Property Tax Assessment Values Across Orchard, Colorado
In Orchard, 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 Orchard, 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. The highest median tax bill in Orchard is $1,552 in zip code 80649, while the lowest median tax bill is also $1,552 in the same zip code. Being aware of these valuation processes in Orchard helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Orchard Assessed Value
$364,664
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 Orchard, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80649 | $290,219 | $341,296 | $364,664 | $396,610 | $498,811 |
Source: Ownwell
Property Tax Bills Across Orchard, Colorado
In Orchard, located in Weld County, CO, property tax bills are calculated using the assessed value of a home and the local tax rate. The assessment process begins with determining the market value of the property, which in this area has a median home price of $364,664. The assessed value is a percentage of this market value, and the tax rate is applied to this assessed value to determine the annual property tax bill. Factors influencing the tax bill include the property's market value, local levy rates, and any applicable exemptions. For homeowners in Orchard, the 25th percentile tax bill is $1,093, while the 75th percentile reaches $1,667, with the 90th percentile at $1,816. These figures indicate a range of possible tax bills, influenced by property value and local tax rates. Compared to the national median property tax rate of 0.99%, Orchard's tax rates result in varying bills that can significantly impact homeowners, especially when considering the local median home price.
Average Orchard Tax Bill
$1,552
Average Weld County Tax Bill
$2,133
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Orchard, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80649 | $688 | $1,093 | $1,552 | $1,667 | $1,816 |
Source: Ownwell