Strasburg, Colorado Property Taxes
The median property tax rate in Strasburg, CO is 0.60%, slightly higher than the Colorado state median of 0.55% but still below the national median of 0.99%. With a median home value of $478,950 in Strasburg, the typical annual property tax bill amounts to $2,718, which is just under the national median of $2,690. Property taxes in Strasburg are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Strasburg'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 Strasburg 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
Strasburg, 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 Strasburg Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Strasburg with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Strasburg to provide an accurate estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities and plan accordingly. 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 Strasburg, Colorado
Property taxes in Strasburg, Colorado, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Strasburg is 0.60%, which is lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Strasburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Strasburg 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 Strasburg's effective property tax rate to other counties in Colorado and the national median. For comparison, the 80136 zip code has both the highest and lowest median property tax rate of 0.60%. Understanding how these areas compare with Strasburg provides valuable insights into the varying tax landscape across Arapahoe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Strasburg Tax Rate
0.60%
Average Arapahoe County Tax Rate
0.70%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Strasburg, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80136 | 0.48% | 0.60% | 0.60% | 0.60% | 0.61% |
Source: Ownwell
Property Tax Assessment Values Across Strasburg, Colorado
In Strasburg, 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 Arapahoe 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. 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 Strasburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Strasburg is $2718, found in zip code 80136, while the lowest median tax bill is also $2718, in the same zip code.
Average Strasburg Assessed Value
$478,950
Average Arapahoe County Assessed Value
$387,300
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Strasburg, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80136 | $41,470 | $162,700 | $478,950 | $548,050 | $603,990 |
Source: Ownwell
Property Tax Bills Across Strasburg, Colorado
In Strasburg, located in Arapahoe County, CO, property tax bills are calculated based on the assessed value of a home, not its market value. The median home price in Strasburg is $478,950. To determine the tax bill, the assessed value is first established, typically a percentage of the market value set by the local assessor. This assessed value is then multiplied by the local property tax rate. For homeowners in Strasburg, tax bills can vary significantly. The 25th percentile tax bill is around $935, while the 75th percentile tax bill reaches $3,198. At the higher end, the 90th percentile tax bill is approximately $3,551. These variations depend on factors such as property size, location, and any applicable exemptions. Comparing these figures to the national median property tax rate of 0.99%, Strasburg's property tax bills can be considered moderate to high, impacting homeowners' annual financial planning. The highest and lowest median tax bills in the area are both $2,718, specifically in the 80136 zip code.
Average Strasburg Tax Bill
$2,718
Average Arapahoe County Tax Bill
$2,536
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Strasburg, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80136 | $248 | $935 | $2,718 | $3,198 | $3,551 |
Source: Ownwell