Wiggins, Colorado Property Taxes
The median property tax rate in Wiggins, CO is 0.21%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Wiggins at $346,194, the typical annual property tax bill is $733, well below the national median of $2,690. Property taxes in Wiggins 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 Wiggins' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Wiggins 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
Wiggins, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.21%
Estimate Property Tax Bill
$727
Ownwell’s Wiggins Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wiggins with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wiggins 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 Wiggins, Colorado
Property taxes in Wiggins, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wiggins is 0.21%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Wiggins set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wiggins 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 Wiggins' effective property tax rate to other counties in Colorado and the national median. For comparison, the highest median property tax rate in Colorado is significantly higher, while some areas have much lower rates. Understanding how these cities compare with Wiggins 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 Wiggins Tax Rate
0.21%
Average Weld County Tax Rate
0.49%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wiggins, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80654 | 0.20% | 0.20% | 0.21% | 0.22% | 0.23% |
Source: Ownwell
Property Tax Assessment Values Across Wiggins, Colorado
In Wiggins, 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's Office 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 Wiggins, 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 Wiggins helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Wiggins, the zip code with the highest and lowest median tax bill is 80654, with a median tax bill of $733.
Average Wiggins Assessed Value
$346,194
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 Wiggins, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80654 | $327,491 | $334,504 | $346,194 | $357,883 | $364,896 |
Source: Ownwell
Property Tax Bills Across Wiggins, Colorado
In Wiggins, located in Weld County, CO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Wiggins is $346,194. Homeowners in this area generally see tax bills at various percentiles: $677 at the 25th percentile, $789 at the 75th percentile, and $823 at the 90th percentile. The highest and lowest median tax bills in the region are both $733, specifically in the 80654 zip code. The assessed value is determined by local tax assessors and is then multiplied by the local tax rate to calculate the annual property tax bill. Factors like property improvements, neighborhood developments, and market trends can influence the assessed value. Homeowners should be aware that their property tax bill can fluctuate based on these factors, impacting their annual budget. Compared to the national median property tax rate of 0.99%, Wiggins offers a relatively competitive property tax environment, which can be beneficial for residents.
Average Wiggins Tax Bill
$733
Average Weld County Tax Bill
$2,133
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Wiggins, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80654 | $644 | $677 | $733 | $789 | $823 |
Source: Ownwell