Yoder, Colorado Property Taxes
The median property tax rate in Yoder, CO is 0.27%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Yoder at $161,902, the typical annual property tax bill is $443, well below the national median of $2,690. Property taxes in Yoder 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 Yoder'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 Yoder 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
Yoder, 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 Yoder Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Yoder with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Yoder 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 Yoder, Colorado
Property taxes in Yoder, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Yoder is 0.30%, which is higher than the Colorado state median of 0.28% but significantly lower than the U.S. national median of 0.99%. Local government entities within Yoder set these rates annually, and they can vary significantly across different neighborhoods. Each year, Yoder 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 Yoder's effective property tax rate to other counties in Colorado and the national median. For comparison, the highest median property tax rate in the county is 0.30%, while the lowest median tax rate is 0.28%. Understanding how these cities compare with Yoder provides valuable insights into the varying tax landscape across El Paso County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Yoder Tax Rate
0.27%
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 Yoder, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80808 | 0.27% | 0.27% | 0.27% | 0.27% | 0.27% |
| 80831 | N/A | N/A | N/A | N/A | N/A |
| 80864 | 0.27% | 0.27% | 0.27% | 0.29% | 0.34% |
| 80930 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Yoder, Colorado
In Yoder, 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 El Paso 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 Yoder, 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. For instance, the highest median tax bill in the region is $567 in the 80808 zip code, while the lowest is $446 in the 80864 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Yoder Assessed Value
$161,902
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 Yoder, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80808 | $211,225 | $211,225 | $211,225 | $211,225 | $211,225 |
| 80831 | N/A | N/A | N/A | N/A | N/A |
| 80864 | $8,230 | $41,259 | $162,348 | $275,664 | $346,861 |
| 80930 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Yoder, Colorado
In Yoder, located in El Paso County, CO, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the county assessor and is a percentage of the market value of your property. For example, if your home has a median market price of $161,902, the assessed value will be a fraction of this amount, depending on state guidelines. The local tax rate is then applied to the assessed value to determine your annual property tax bill. In Yoder, the tax bills can vary significantly. For instance, the 25th percentile tax bill is around $133, while the 75th percentile reaches $756, and the 90th percentile can go up to $936. Comparatively, the national median property tax rate is 0.99%, which provides a useful benchmark. These property taxes fund essential services such as schools, public safety, and infrastructure, directly impacting the quality of life for homeowners in Yoder. Understanding how these factors interplay can help homeowners better anticipate their annual tax liabilities.
Average Yoder Tax Bill
$443
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 Yoder, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80808 | $567 | $567 | $567 | $567 | $567 |
| 80831 | N/A | N/A | N/A | N/A | N/A |
| 80864 | $26 | $133 | $446 | $756 | $936 |
| 80930 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell