De Beque, Colorado Property Taxes
The median property tax rate in De Beque, CO is 0.42%, considerably lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in De Beque at $162,475, the typical annual property tax bill reaches $736, well below the national median of $2,690. Property taxes in De Beque 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 De Beque'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 De Beque or another part of Garfield County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
De Beque, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.42%
Estimate Property Tax Bill
$682
Ownwell’s De Beque Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in De Beque with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in De Beque 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 De Beque, Colorado
Property taxes in De Beque, Colorado, are essential for funding vital local services, including public schools, road maintenance, and emergency services. The median tax rate in De Beque is 0.42%, significantly lower than the U.S. national median of 0.99%. Local government entities within De Beque set these rates annually, and they can vary across different neighborhoods. Each year, De Beque 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 De Beque's effective property tax rate to other areas in Garfield County and the national median. For comparison, the 81650 zip code has the highest median property tax rate of 0.43%, while the lowest median tax rate is also 0.43%. Understanding how these areas compare with De Beque provides valuable insights into the varying tax landscape across Garfield County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average De Beque Tax Rate
0.42%
Average Garfield County Tax Rate
0.50%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across De Beque, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81630 | 0.27% | 0.30% | 0.39% | 0.54% | 0.68% |
| 81650 | 0.43% | 0.43% | 0.43% | 0.43% | 0.43% |
Source: Ownwell
Property Tax Assessment Values Across De Beque, Colorado
In De Beque, 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 Garfield 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 De Beque, 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 De Beque helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the region is $1084 in the 81650 zip code, while the lowest is $736 in the 81630 zip code.
Average De Beque Assessed Value
$162,475
Average Garfield County Assessed Value
$363,015
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across De Beque, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81630 | $57,468 | $118,700 | $200,020 | $280,020 | $400,062 |
| 81650 | $249,990 | $249,990 | $249,990 | $249,990 | $249,990 |
Source: Ownwell
Property Tax Bills Across De Beque, Colorado
In De Beque, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in Garfield County, where De Beque is located, can expect their property tax bills to vary significantly. The median home price in this area is $162,475. Property tax bills can range widely, with the 25th percentile at $439 and the 75th percentile reaching $1,262. For those at the 90th percentile, the tax bill can go up to $1,780. Factors influencing the tax bill include the assessed value of the property, local tax rates, and applicable exemptions. The highest median tax bill in nearby areas is $1,084 in the 81650 zip code, while the lowest is $736 in the 81630 zip code. These variations can have a substantial impact on homeowners, affecting their annual budgets and overall financial planning. Compared to the national median property tax rate of 0.99%, De Beque's property taxes can be quite variable, reflecting the unique economic conditions of the region.
Average De Beque Tax Bill
$736
Average Garfield County Tax Bill
$1,819
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across De Beque, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81630 | $233 | $495 | $736 | $1,282 | $1,885 |
| 81650 | $1,084 | $1,084 | $1,084 | $1,084 | $1,084 |
Source: Ownwell