Dotsero, Colorado Property Taxes
The median property tax rate in Dotsero, CO is 0.40%, considerably lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Dotsero at $251,975, the typical annual property tax bill is $1,015, which is significantly below the national median of $2,690. Property taxes in Dotsero are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Dotsero'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 Dotsero or another part of Eagle County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dotsero, 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 Dotsero Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dotsero with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dotsero 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 Dotsero, Colorado
Property taxes in Dotsero, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dotsero is 0.40%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Dotsero set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dotsero 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 Dotsero's effective property tax rate to other counties in Colorado and the national median. For comparison, the 81637 zip code has both the highest and lowest median property tax rate of 0.40%. Understanding how these cities compare with Dotsero provides valuable insights into the varying tax landscape across Eagle County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dotsero Tax Rate
0.40%
Average Eagle County Tax Rate
0.44%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dotsero, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81637 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Dotsero, Colorado
In Dotsero, 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 Eagle 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 Dotsero, 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 Dotsero helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median property tax bill in Dotsero is $1,015, with the zip code 81637 having both the highest and lowest median tax bills.
Average Dotsero Assessed Value
$251,975
Average Eagle County Assessed Value
$678,345
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dotsero, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81637 | $170,307 | $200,932 | $251,975 | $303,018 | $333,643 |
Source: Ownwell
Property Tax Bills Across Dotsero, Colorado
In Dotsero, 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. Homeowners in Dotsero can expect their tax bills to vary significantly, with the 25th percentile paying around $810, while those in the 75th percentile pay approximately $1,221. The 90th percentile sees tax bills as high as $1,344. These tax bills are influenced by several factors, including the property's location, size, and market conditions. Despite the variability, the median tax bill in Dotsero stands at $1,015, which is higher than the national median property tax rate of 0.99%. This means that homeowners in Dotsero may experience a relatively higher financial burden compared to the national average. Understanding these factors can help homeowners anticipate their property tax obligations and manage their finances more effectively.
Average Dotsero Tax Bill
$1,015
Average Eagle County Tax Bill
$3,388
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Dotsero, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81637 | $686 | $810 | $1,015 | $1,221 | $1,344 |
Source: Ownwell