Pueblo, Colorado Property Taxes
The median property tax rate in Pueblo, CO is 0.35%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Pueblo at $27,071, the typical annual property tax bill is around $96, far below the national median of $2,690. Property taxes in Pueblo are calculated based on the assessed value, which is often less than the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Pueblo's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Pueblo 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
Pueblo, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.35%
Estimate Property Tax Bill
$95
Ownwell’s Pueblo Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Pueblo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pueblo to provide an estimate of your property tax bill. This valuable tool helps you gain insight into potential tax liabilities. For those interested in exploring trends at a neighborhood level, additional localized information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Pueblo, Colorado
Property taxes in Pueblo, Colorado, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pueblo is 0.48%, which is lower than the Colorado state median of 0.55% and the U.S. national median of 0.99%. Local government entities within Pueblo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pueblo 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 Pueblo's effective property tax rate to other counties in Colorado and the national median. For comparison, 80027 has the highest median property tax rate of 0.87%, while 81501 has the lowest median tax rate of 0.40%. Understanding how these cities compare with Pueblo provides valuable insights into the varying tax landscape across Pueblo County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pueblo Tax Rate
0.35%
Average El Paso County Tax Rate
0.42%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pueblo, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81008 | 0.35% | 0.35% | 0.35% | 0.35% | 0.35% |
Source: Ownwell
Property Tax Assessment Values Across Pueblo, Colorado
In Pueblo, 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 Pueblo 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 Pueblo, 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 Pueblo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pueblo Assessed Value
$27,071
Average El Paso County Assessed Value
$319,355
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pueblo, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81008 | $27,071 | $27,071 | $27,071 | $27,071 | $27,071 |
Source: Ownwell
Property Tax Bills Across Pueblo, Colorado
In Pueblo, located in El Paso County, CO, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the county assessor and is a percentage of the property's market value. For homeowners in Pueblo, the median home price is $27,071, which plays a significant role in determining the tax bill. The property tax rate in Pueblo is then applied to this assessed value to calculate the tax bill. For instance, the tax bill for the 25th, 75th, and 90th percentiles all stand at $96, showing consistency across different property values. This uniformity can be attributed to the relatively low property values in the area. Compared to the national median property tax rate of 0.99%, Pueblo's property taxes can be quite manageable for homeowners. However, it's essential to consider that even small fluctuations in property values or tax rates can impact the overall tax bill, influencing the financial planning of homeowners in Pueblo.
Average Pueblo Tax Bill
$96
Average El Paso County Tax Bill
$1,379
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Pueblo, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81008 | $96 | $96 | $96 | $96 | $96 |
Source: Ownwell