Laird, Colorado Property Taxes
The median property tax rate in Laird, CO is 0.55%, which is significantly lower than the national median of 0.99% and matches the Colorado state median of 0.55%. With the median home value in Laird, the typical annual property tax bill is $57, far below the national median of $2,690. Property taxes in Laird are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Laird'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 Laird 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
Laird, 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 Laird Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Laird with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Laird 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 Laird, Colorado
Property taxes in LAIRD, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in LAIRD is 0.55%, which is significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within LAIRD set these rates annually, and they can vary significantly across different neighborhoods. Each year, LAIRD 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 LAIRD's effective property tax rate to other counties in Colorado and the national median. For comparison, the zip code 80758 has both the highest and lowest median property tax rate of 0.55%. Understanding how these areas compare with LAIRD provides valuable insights into the varying tax landscape across Yuma County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Laird Tax Rate
0.55%
Average Yuma County Tax Rate
0.67%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Laird, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80758 | 0.55% | 0.55% | 0.55% | 1.68% | 2.36% |
Source: Ownwell
Property Tax Assessment Values Across Laird, Colorado
In LAIRD, 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 Yuma 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 LAIRD, 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 LAIRD helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the median home price is $10,350, with tax bills ranging from $39 at the 25th percentile to $12,740 at the 90th percentile.
Average Laird Assessed Value
$10,350
Average Yuma County Assessed Value
$112,640
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Laird, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80758 | $5,270 | $7,175 | $10,350 | $287,545 | $453,862 |
Source: Ownwell
Property Tax Bills Across Laird, Colorado
In Laird, Yuma County, CO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Laird experience a wide range of property tax bills. For instance, those at the 25th percentile pay around $39 annually, while those at the 75th percentile see bills closer to $7,984. At the 90th percentile, the tax bill can reach $12,740. These variations highlight the significant impact property assessments and local tax rates can have on homeowners' finances. Compared to the national median property tax rate of 0.99%, Laird's property tax bills can vary widely, reflecting the diverse property values and assessment practices within the county. Understanding these factors can help homeowners anticipate and manage their annual property tax obligations.
Average Laird Tax Bill
$57
Average Yuma County Tax Bill
$763
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Laird, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80758 | $29 | $39 | $57 | $7,984 | $12,740 |
Source: Ownwell