Antonito, Colorado Property Taxes
The median property tax rate in Antonito, CO is 0.52%, which is significantly lower than the national median of 0.99% and also below the Colorado state median of 0.55%. With the median home value in Antonito at $90,000, the typical annual property tax bill is approximately $543, far less than the national median of $2,690. Property taxes in Antonito are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Antonito'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 Antonito or another part of Conejos County, gaining insights into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Antonito, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.52%
Estimate Property Tax Bill
$468
Ownwell’s Antonito Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Antonito with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Antonito 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 Conejos County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Antonito, Colorado
Property taxes in Antonito, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Antonito is 0.52%, which is lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Antonito set these rates annually, and they can vary significantly across different neighborhoods. Each year, Antonito 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 Antonito's effective property tax rate to other counties in Colorado and the national median. For comparison, the 81120 zip code has both the highest and lowest median property tax rate of 0.52%. Understanding how these figures compare with Antonito provides valuable insights into the varying tax landscape across Conejos County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Antonito Tax Rate
0.52%
Average Conejos County Tax Rate
0.53%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Antonito, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81120 | 0.33% | 0.48% | 0.52% | 0.65% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Antonito, Colorado
In Antonito, 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 Conejos 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 Antonito, 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 Antonito helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Antonito is $90,000, with tax bills ranging from $249 at the 25th percentile to $1,841 at the 90th percentile. The highest and lowest median tax bills are both $543 in the 81120 zip code.
Average Antonito Assessed Value
$90,000
Average Conejos County Assessed Value
$89,150
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Antonito, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81120 | $8,790 | $34,434 | $90,000 | $190,844 | $330,646 |
Source: Ownwell
Property Tax Bills Across Antonito, Colorado
In Antonito, located in Conejos 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 this value to calculate the annual property tax bill. Several factors influence the assessed value, including the property's location, size, and condition. In Antonito, the median home price stands at $90,000. The tax bills can vary significantly, with the 25th percentile tax bill at $249, the 75th percentile at $1,074, and the 90th percentile reaching $1,841. Homeowners in Antonito can expect a median tax bill of $543, which is relatively moderate compared to the national median property tax rate of 0.99%. These property tax bills play a crucial role in funding local services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents.
Average Antonito Tax Bill
$543
Average Conejos County Tax Bill
$545
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Antonito, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81120 | $120 | $249 | $543 | $1,074 | $1,841 |
Source: Ownwell