Bellvue, Colorado Property Taxes
The median property tax rate in Bellvue, CO is 0.63%, which is higher than the Colorado state median of 0.55% but lower than the national median of 0.99%. With the median home value in Bellvue at $300,000, the typical annual property tax bill amounts to $1,906, which is below the national median of $2,690. Property taxes in Bellvue are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Bellvue'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 Bellvue or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bellvue, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$1,890
Ownwell’s Bellvue Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bellvue with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bellvue 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 Bellvue, Colorado
Property taxes in Bellvue, Colorado, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bellvue is 0.63%, which is lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Bellvue set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bellvue 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 Bellvue's effective property tax rate to other counties in Colorado and the national median. For comparison, the 80512 zip code has both the highest and lowest median property tax rate of 0.63%. Understanding how these cities compare with Bellvue provides valuable insights into the varying tax landscape across Larimer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bellvue Tax Rate
0.63%
Average Larimer County Tax Rate
0.66%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bellvue, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80512 | 0.48% | 0.58% | 0.63% | 0.73% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Bellvue, Colorado
In Bellvue, 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 Larimer 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 Bellvue, 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. For instance, the median home price in Bellvue is $300,000, with tax bills ranging from $872 at the 25th percentile to $3,738 at the 90th percentile. The highest median tax bill is $1,906 in the 80512 zip code, which also has the lowest median 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 Bellvue helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bellvue Assessed Value
$300,000
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 Bellvue, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80512 | $70,050 | $132,975 | $300,000 | $460,650 | $593,600 |
Source: Ownwell
Property Tax Bills Across Bellvue, Colorado
In Bellevue, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, if your home has a market value of $300,000, the assessed value will be a fraction of that amount, determined by local assessment rates. The tax rate is then applied to this assessed value to calculate the annual tax bill. Factors influencing the tax bill include the market value of the property, local tax rates, and any applicable exemptions or deductions. Homeowners in Bellevue experience a range of tax bills. For example, the 25th percentile tax bill is $872, while the 75th percentile reaches up to $2,813. The 90th percentile can go as high as $3,738. These property taxes significantly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Bellevue's property taxes can vary widely, reflecting the diversity in property values and local tax policies.
Average Bellvue Tax Bill
$1,906
Average Larimer County Tax Bill
$2,461
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Bellvue, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80512 | $414 | $872 | $1,906 | $2,813 | $3,738 |
Source: Ownwell