Carr, Colorado Property Taxes
The median property tax rate in Carr, CO is 0.68%, higher than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Carr at $540,000, the typical annual property tax bill reaches $3,706, exceeding the national median of $2,690. Property taxes in Carr are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Carr'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 Carr or another part of Larimer County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Carr, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$3,672
Ownwell’s CARR Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in CARR with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in CARR 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 Carr, Colorado
Property taxes in Carr, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Carr is 0.68%, which is lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Carr set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carr 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 Carr's effective property tax rate to other counties in Colorado and the national median. For comparison, the 80612 zip code has both the highest and lowest median property tax rate of 0.68%. Understanding how these cities compare with Carr 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 Carr Tax Rate
0.68%
Average Larimer County Tax Rate
0.66%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carr, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80612 | 0.51% | 0.60% | 0.68% | 0.69% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Carr, Colorado
In Carr, 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 Assessor's Office 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 Carr, 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 Carr helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $3,706, found in the 80612 zip code.
Average Carr Assessed Value
$540,000
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 Carr, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80612 | $331,380 | $408,000 | $540,000 | $680,000 | $758,340 |
Source: Ownwell
Property Tax Bills Across Carr, Colorado
In Carr, Larimer County, CO, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value determined by the county assessor. For a median home price of $540,000, the assessed value typically reflects a fraction of this market value. The tax rate is then applied to this assessed value to determine the annual tax bill. Various factors influence the tax bill, including local tax rates, property characteristics, and any applicable exemptions or deductions. Homeowners in Carr can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is around $2,548, while the 75th percentile tax bill rises to $4,425. At the 90th percentile, homeowners might see tax bills as high as $5,124. These figures illustrate the range of property tax burdens in the area, influenced by property values and local tax policies. The national median property tax rate stands at 0.99%, which provides a useful benchmark for understanding local variations and their impact on homeowners.
Average Carr Tax Bill
$3,706
Average Larimer County Tax Bill
$2,461
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Carr, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80612 | $2,052 | $2,548 | $3,706 | $4,425 | $5,124 |
Source: Ownwell