Edgewater, Colorado Property Taxes
The median property tax rate in Edgewater, CO is 0.60%, slightly higher than the Colorado state median of 0.55% but below the national median of 0.99%. With the median home value in Edgewater at $410,590, the typical annual property tax bill amounts to $2,410, which is under the national median of $2,690. Property taxes in Edgewater are determined based on the tax assessed value, which generally falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Edgewater'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 Edgewater or another part of the city, grasping the local property tax nuances will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Edgewater, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$2,464
Ownwell’s Edgewater Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Edgewater. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Edgewater to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, making it easier to plan and budget. For those interested in more detailed trends, including neighborhood-level information, additional insights are available below. Your property’s assessed value is determined by Jefferson County for tax purposes and includes any applicable exemptions.
Property Tax Rates Across Edgewater, Colorado
Property taxes in Edgewater, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Edgewater is 0.60%, significantly lower than the U.S. national median of 0.99%. Local government entities within Edgewater set these rates annually, and they can vary significantly across different neighborhoods. Each year, Edgewater 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 Edgewater's effective property tax rate to other counties in Colorado and the national median. For comparison, the 80215 zip code has the highest median property tax rate of 0.60%, while the 80214 zip code has the lowest median tax rate of 0.60%. Understanding how these cities compare with Edgewater provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Edgewater Tax Rate
0.60%
Average Jefferson County Tax Rate
0.66%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Edgewater, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80214 | 0.47% | 0.60% | 0.60% | 0.60% | 0.61% |
| 80215 | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Edgewater, Colorado
In Edgewater, 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 Jefferson 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. Assessment notices in Edgewater 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. The highest median tax bill in Edgewater is $2,411 in the 80214 zip code, while the lowest median tax bill is $276 in the 80215 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 Edgewater Assessed Value
$410,590
Average Jefferson County Assessed Value
$436,276
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Edgewater, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80214 | $340,498 | $372,680 | $410,625 | $454,029 | $516,007 |
| 80215 | $45,639 | $45,639 | $45,639 | $45,639 | $45,639 |
Source: Ownwell
Property Tax Bills Across Edgewater, Colorado
In Edgewater, CO, property tax bills are calculated based on the assessed value of a home, which is determined by the Jefferson County Assessor's Office. The assessed value is typically a percentage of the market value of the property. Homeowners in Edgewater can expect a median property tax bill of around $2,149 at the 25th percentile, $2,707 at the 75th percentile, and up to $3,112 at the 90th percentile. This range reflects the variations in property values and applicable tax rates within the area. For comparison, the national median property tax rate is 0.99%, which illustrates that Edgewater's property taxes can be relatively higher depending on the specific assessment and market conditions. Factors influencing the tax bill include the property's location within Jefferson County, any applicable exemptions, and the specific tax rate set by local taxing authorities. Higher property taxes can impact homeowners by increasing their annual expenses, which may influence decisions on purchasing or maintaining a home in Edgewater. Understanding these factors helps homeowners plan better and potentially seek exemptions or appeals to manage their tax liabilities.
Average Edgewater Tax Bill
$2,410
Average Jefferson County Tax Bill
$2,797
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Edgewater, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80214 | $1,833 | $2,150 | $2,411 | $2,708 | $3,112 |
| 80215 | $276 | $276 | $276 | $276 | $276 |
Source: Ownwell