Eagle, Colorado Property Taxes
The median property tax rate in Eagle, CO is 0.42%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Eagle at $601,540, the typical annual property tax bill reaches $2,794, slightly above the national median of $2,690. Property taxes in Eagle are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Eagle'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 Eagle or another part of the county, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Eagle, 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 Eagle Property Tax Bill Calculator aids homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Eagle with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Eagle to estimate your property tax bill. This valuable 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 Eagle, Colorado
Property taxes in Eagle, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eagle is 0.42%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Eagle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eagle 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 Eagle's effective property tax rate to other counties in Colorado and the national median. For comparison, the 81631 zip code has both the highest and lowest median property tax rate of 0.42%. Understanding how these cities compare with Eagle 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 Eagle Tax Rate
0.42%
Average Eagle County Tax Rate
0.44%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eagle, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81631 | 0.41% | 0.42% | 0.42% | 0.64% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Eagle, Colorado
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Eagle, CO. 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 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 Eagle, 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 Eagle helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Eagle is $601,540, with the median tax bill ranging from $1,943 at the 25th percentile to $6,564 at the 90th percentile. Notably, the zip code 81631 has both the highest and lowest median tax bill at $2,794.
Average Eagle Assessed Value
$601,540
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 Eagle, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81631 | $315,220 | $421,910 | $601,540 | $791,710 | $1,083,992 |
Source: Ownwell
Property Tax Bills Across Eagle, Colorado
In Eagle, 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. Various factors such as property size, location, and market conditions contribute to this valuation. Homeowners in Eagle can expect their tax bills to vary significantly, with the 25th percentile tax bill at $1,943 and the 75th percentile at $4,484. For those in the higher range, the 90th percentile tax bill reaches up to $6,564. These figures illustrate the range of property tax obligations that homeowners might face, with the median home price in the area being $601,540. Compared to the national median property tax rate of 0.99%, Eagle's property taxes can be a significant expense for homeowners. Understanding these factors helps homeowners anticipate their annual property tax bills and manage their finances accordingly.
Average Eagle Tax Bill
$2,794
Average Eagle County Tax Bill
$3,388
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Eagle, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81631 | $1,408 | $1,943 | $2,794 | $4,484 | $6,564 |
Source: Ownwell