Larimer County Property Taxes
The median property tax rate in Larimer County is 0.66%, which is higher than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Larimer County at $394,000, the typical annual property tax bill reaches $2,461, which is below the national median of $2,690. Property taxes in Larimer County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Larimer County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Fort Collins or another part of Larimer County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Larimer County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$2,600
Ownwell’s Larimer County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Larimer County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Larimer County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Larimer County, Colorado
Property taxes in Larimer County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Larimer County is 0.66%, which is lower than the U.S. national median of 0.99%. Local government entities within Larimer County set these rates annually, and they can vary significantly between different areas within the county. Each year, Larimer County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Johnstown has one of the higher property tax rates in Colorado at 1.30%, while the city of Glen Haven boasts one of the lowest at 0.50%. Analyzing how Larimer County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Larimer County Tax Rate
0.66%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Larimer County, Colorado
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Allenspark | 0.47% | 0.50% | 0.53% | 0.56% | 0.57% |
| Bellvue | 0.48% | 0.58% | 0.63% | 0.73% | 0.74% |
| Berthoud | 0.52% | 0.62% | 0.67% | 1.02% | 1.16% |
| Carr | 0.51% | 0.60% | 0.68% | 0.69% | 0.69% |
| Drake | 0.51% | 0.52% | 0.60% | 0.72% | 0.74% |
| Estes Park | 0.47% | 0.52% | 0.53% | 0.54% | 0.58% |
| Fort Collins | 0.52% | 0.66% | 0.66% | 0.66% | 0.67% |
| Glen Haven | 0.41% | 0.50% | 0.50% | 0.51% | 0.51% |
| Jelm | 0.58% | 0.58% | 0.58% | 0.58% | 0.59% |
| Johnstown | 0.71% | 0.73% | 1.30% | 1.30% | 1.30% |
| Laporte | 0.48% | 0.63% | 0.66% | 0.67% | 0.67% |
| Laramie | 0.58% | 0.58% | 0.59% | 0.59% | 0.59% |
| Livermore | 0.53% | 0.66% | 0.67% | 0.68% | 0.69% |
| Longmont | 0.49% | 0.56% | 0.60% | 0.62% | 0.71% |
| Loveland | 0.42% | 0.55% | 0.55% | 0.57% | 0.61% |
| Lyons | 0.50% | 0.57% | 0.71% | 0.74% | 0.75% |
| Red Feather Lakes | 0.58% | 0.65% | 0.66% | 0.68% | 0.74% |
| Timnath | 0.73% | 0.99% | 1.08% | 1.09% | 1.11% |
| Wellington | 0.69% | 0.76% | 0.76% | 0.76% | 0.77% |
| Windsor | 0.64% | 0.66% | 0.75% | 0.92% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Larimer County, Colorado
In Larimer County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Larimer County Appraisal District. The assessed value, however, 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 Larimer County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, residents of Timnath face the highest median tax bill at $5,229, while those in Jelm enjoy the lowest at $1,050. Being aware of these valuation processes in Larimer County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Larimer County, Colorado
Source: Ownwell
$180,350
$430,675
$681,000
Average Larimer County Assessed Value
$394,000
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Larimer County, Colorado
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Allenspark | $299,100 | $374,875 | $430,000 | $476,275 | $489,150 |
| Bellvue | $70,050 | $132,975 | $300,000 | $460,650 | $593,600 |
| Berthoud | $302,900 | $359,525 | $430,600 | $532,500 | $706,390 |
| Carr | $331,380 | $408,000 | $540,000 | $680,000 | $758,340 |
| Drake | $147,990 | $203,850 | $286,600 | $378,775 | $466,480 |
| Estes Park | $255,000 | $364,500 | $487,700 | $630,150 | $840,830 |
| Fort Collins | $254,900 | $334,800 | $400,500 | $495,800 | $632,800 |
| Glen Haven | $178,600 | $237,850 | $324,500 | $427,525 | $539,700 |
| Jelm | $74,850 | $108,500 | $180,350 | $243,000 | $369,300 |
| Johnstown | $305,200 | $340,400 | $393,100 | $482,100 | $569,000 |
| Laporte | $269,700 | $307,450 | $367,950 | $515,050 | $693,700 |
| Laramie | $173,850 | $191,175 | $220,050 | $248,925 | $266,250 |
| Livermore | $228,000 | $307,400 | $392,200 | $487,955 | $607,900 |
| Longmont | $481,350 | $515,800 | $572,200 | $652,975 | $910,750 |
| Loveland | $275,100 | $319,800 | $368,550 | $445,400 | $577,930 |
| Lyons | $303,940 | $392,500 | $496,400 | $631,100 | $770,000 |
| Red Feather Lakes | $116,300 | $171,700 | $246,300 | $335,100 | $425,500 |
| Timnath | $330,860 | $429,200 | $497,900 | $627,900 | $1,011,440 |
| Wellington | $258,610 | $308,900 | $342,300 | $380,500 | $433,780 |
| Windsor | $431,020 | $515,100 | $604,900 | $686,950 | $769,920 |
Source: Ownwell
Property Tax Bills Across Larimer County, Colorado
In Larimer County, Colorado, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. The assessed value is a percentage of the market value of the property. Once the assessed value is established, the local tax rate, known as the mill levy, is applied. This rate can vary depending on the specific location within the county and the services provided by local taxing entities like schools, fire departments, and infrastructure. For a median home price of $394,000 in Larimer County, homeowners can expect their tax bills to vary significantly. At the 25th percentile, the tax bill is approximately $1,907, while at the 75th percentile, it can reach around $3,260. The 90th percentile sees tax bills as high as $4,617. Comparatively, the highest median tax bill in the region is $5,229 in Timnath, whereas Jelm has the lowest at $1,050. These variations highlight how local factors and property values directly influence the financial obligations of homeowners.
Average Larimer County Tax Bill
$2,461
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Larimer County, Colorado
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Allenspark | $1,701 | $2,130 | $2,189 | $2,343 | $2,390 |
| Bellvue | $414 | $872 | $1,906 | $2,813 | $3,738 |
| Berthoud | $1,960 | $2,417 | $3,137 | $4,566 | $5,555 |
| Carr | $2,052 | $2,548 | $3,706 | $4,425 | $5,124 |
| Drake | $822 | $1,150 | $1,685 | $2,374 | $3,061 |
| Estes Park | $1,348 | $1,911 | $2,575 | $3,407 | $4,494 |
| Fort Collins | $1,564 | $2,086 | $2,540 | $3,183 | $4,159 |
| Glen Haven | $811 | $1,142 | $1,597 | $2,080 | $2,621 |
| Jelm | $435 | $630 | $1,050 | $1,418 | $2,143 |
| Johnstown | $3,281 | $3,955 | $4,551 | $5,181 | $5,822 |
| Laporte | $1,376 | $1,952 | $2,293 | $3,219 | $4,402 |
| Laramie | $1,017 | $1,118 | $1,287 | $1,456 | $1,558 |
| Livermore | $1,421 | $2,012 | $2,555 | $3,179 | $3,988 |
| Longmont | $2,509 | $2,945 | $3,464 | $3,921 | $6,138 |
| Loveland | $1,379 | $1,698 | $2,012 | $2,560 | $3,616 |
| Lyons | $1,634 | $2,337 | $3,274 | $4,397 | $5,374 |
| Red Feather Lakes | $763 | $1,118 | $1,627 | $2,197 | $2,814 |
| Timnath | $3,314 | $4,368 | $5,229 | $6,535 | $8,516 |
| Wellington | $1,843 | $2,289 | $2,598 | $2,870 | $3,201 |
| Windsor | $3,093 | $3,715 | $4,660 | $5,832 | $6,782 |
Source: Ownwell