Idledale, Colorado Property Taxes
The median property tax rate in Idledale, CO, is 1.23%, significantly higher than both the national median of 0.99% and the Colorado state median of 0.55%. With a median home value of $346,907 in Idledale, the typical annual property tax bill reaches $3,782, far exceeding the national median of $2,690. Property taxes in Idledale 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 Idledale'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 Idledale or another part of Jefferson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Idledale, 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 Idledale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Idledale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Idledale 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 Idledale, Colorado
Property taxes in Idledale, Colorado, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Idledale is 1.23%, higher than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Idledale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Idledale 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 Idledale's effective property tax rate to other areas in Colorado and the national median. For comparison, the zip code 80453 has the highest median property tax rate of 1.23%, while the same zip code also has the lowest median tax rate of 1.23%. Understanding how these areas compare with Idledale 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 Idledale Tax Rate
1.23%
Average Jefferson County Tax Rate
0.66%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Idledale, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80453 | 0.62% | 0.78% | 1.23% | 1.23% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Idledale, Colorado
In Idledale, 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 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 Idledale, 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 Idledale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 80453 in Idledale has both the highest and lowest median tax bill, which is $3,782.
Average Idledale Assessed Value
$346,907
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 Idledale, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80453 | $184,896 | $261,865 | $346,907 | $502,994 | $703,374 |
Source: Ownwell
Property Tax Bills Across Idledale, Colorado
In Idledale, located in Jefferson County, 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 property's market value. For instance, with a median home price of $346,907, homeowners can expect a tax bill within a range, depending on various factors such as property location and specific tax rates. The tax bill is influenced by several factors, including local tax rates, property characteristics, and exemptions. In Idledale, the 25th percentile tax bill is $2,685, while the 75th percentile reaches $5,199, and the 90th percentile can go up to $6,992. Comparatively, the national median property tax rate is 0.99%, making Jefferson County's rates relatively competitive. Understanding these factors helps homeowners anticipate their annual tax obligations, which can impact budgeting and long-term financial planning. For those in the zip code 80453, the median tax bill stands at $3,782, reflecting the localized variations within the county.
Average Idledale Tax Bill
$3,782
Average Jefferson County Tax Bill
$2,797
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Idledale, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80453 | $1,514 | $2,685 | $3,782 | $5,199 | $6,992 |
Source: Ownwell