Flagler, Colorado Property Taxes
The median property tax rate in Flagler, CO is 0.75%, which is significantly lower than the national median of 0.99% but higher than the Colorado state median of 0.55%. With a median home value of $103,803 in Flagler, the typical annual property tax bill amounts to $765, well below the national median of $2,690. Property taxes in Flagler are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Flagler'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 Flagler or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Flagler, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$779
Ownwell’s Flagler Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Flagler using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Flagler to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across Flagler, Colorado
Property taxes in Flagler, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Flagler is 0.75%, lower than the U.S. national median of 0.99%. Local government entities within Flagler set these rates annually, and they can vary significantly across different neighborhoods. Each year, Flagler 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 Flagler's effective property tax rate to other counties in Colorado and the national median. For comparison, the 80815 zip code has both the highest and lowest median property tax rate of 0.75%. Understanding how these cities compare with Flagler provides valuable insights into the varying tax landscape across Kit Carson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Flagler Tax Rate
0.75%
Average Kit Carson County Tax Rate
0.57%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Flagler, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80815 | 0.53% | 0.75% | 0.75% | 0.75% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Flagler, Colorado
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Flagler, Kit Carson, Colorado. 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 local 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. Assessment notices in Flagler 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 Flagler helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Flagler, the highest median tax bill is $765 in the 80815 zip code, which is also the lowest median tax bill. By knowing these details, homeowners can compare their tax bills and explore ways to potentially lower their property taxes.
Average Flagler Assessed Value
$103,803
Average Kit Carson County Assessed Value
$118,410
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Flagler, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80815 | $11,678 | $52,133 | $103,803 | $168,453 | $247,049 |
Source: Ownwell
Property Tax Bills Across Flagler, Colorado
In Flagler, located in Kit Carson County, CO, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and represents a percentage of the property's market value. For homeowners in Flagler, the median home price is $103,803. The tax rate is then applied to this assessed value to determine the annual property tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions or deductions. In Flagler, the 25th percentile tax bill is $369, while the 75th percentile reaches $1,254, and the 90th percentile goes up to $1,831. These figures illustrate the range of property tax burdens experienced by homeowners in the area. Comparatively, the national median property tax rate is 0.99%, making it essential for Flagler homeowners to understand how local rates and assessed values impact their annual tax obligations. This understanding can help them plan their finances more effectively and take advantage of any available tax relief programs.
Average Flagler Tax Bill
$765
Average Kit Carson County Tax Bill
$754
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Flagler, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80815 | $84 | $369 | $765 | $1,254 | $1,831 |
Source: Ownwell