Black Hawk, Colorado Property Taxes
The median property tax rate in Black Hawk, CO is 0.48%, which is significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With a median home value of $717,100 in Black Hawk, the typical annual property tax bill is $3,248, which surpasses the national median of $2,690. Property taxes in Black Hawk 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 Black Hawk'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 Black Hawk 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
Black Hawk, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.48%
Estimate Property Tax Bill
$3,442
Ownwell’s Black Hawk Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Black Hawk with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Black Hawk 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 Black Hawk, Colorado
Property taxes in Black Hawk, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Black Hawk is 0.48%, significantly lower than the U.S. national median of 0.99%. Local government entities within Black Hawk set these rates annually, and they can vary significantly across different neighborhoods. Each year, Black Hawk 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 Black Hawk's effective property tax rate to other counties in Colorado and the national median. For comparison, the 80422 zip code has the highest median property tax rate of 0.48%, while the same zip code also has the lowest median tax rate of 0.48%. Understanding how these cities compare with Black Hawk provides valuable insights into the varying tax landscape across Boulder County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Black Hawk Tax Rate
0.48%
Average Boulder County Tax Rate
0.50%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Black Hawk, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80422 | 0.40% | 0.44% | 0.48% | 0.49% | 0.50% |
Source: Ownwell
Property Tax Assessment Values Across Black Hawk, Colorado
In Black Hawk, 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 Boulder County Appraisal District 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 Black Hawk, 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 Black Hawk helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $3,248, found in the 80422 zip code.
Average Black Hawk Assessed Value
$717,100
Average Boulder County Assessed Value
$722,900
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Black Hawk, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80422 | $519,480 | $635,650 | $717,100 | $849,050 | $949,460 |
Source: Ownwell
Property Tax Bills Across Black Hawk, Colorado
In Black Hawk, CO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the home's market value, with Boulder County using an assessment rate of 7.15% for residential properties. For example, with a median home price of $717,100, the assessed value would be approximately $51,245. Once the assessed value is determined, local tax rates are applied to calculate the tax bill. In Black Hawk, the median property tax bill is around $3,248, which is higher than the national median property tax rate of 0.99%. This means homeowners in Black Hawk can expect to pay more in property taxes compared to the national average. Factors such as location within the county and specific tax levies for schools, infrastructure, and other municipal services can also affect the final tax bill. Homeowners in the 25th percentile pay about $2,801, while those in the 75th percentile pay around $4,147, showing a range of tax burdens based on property values and local rates.
Average Black Hawk Tax Bill
$3,248
Average Boulder County Tax Bill
$3,545
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Black Hawk, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80422 | $2,495 | $2,801 | $3,248 | $4,147 | $4,436 |
Source: Ownwell