Cokedale, Colorado Property Taxes
The median property tax rate in Cokedale, CO is 0.32%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Cokedale at $30,120, the typical annual property tax bill is just $96, far below the national median of $2,690. Property taxes in Cokedale 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 Cokedale'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 Cokedale or another part of Las Animas County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cokedale, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.32%
Estimate Property Tax Bill
$96
Ownwell’s Cokedale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cokedale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cokedale 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 Cokedale, Colorado
Property taxes in Cokedale, Colorado, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Cokedale is 0.32%, which is significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Cokedale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cokedale 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. Understanding how Cokedale's effective property tax rate compares to other areas in Las Animas County and the national median provides valuable insights into the varying tax landscape across the region, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cokedale Tax Rate
0.32%
Average Las Animas County Tax Rate
0.33%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cokedale, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81082 | 0.32% | 0.32% | 0.32% | 0.32% | 0.32% |
Source: Ownwell
Property Tax Assessment Values Across Cokedale, Colorado
In Cokedale, 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 Las Animas County Assessor 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 Cokedale, 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. In Cokedale, the median home price is $30,120, with tax bills typically around $96. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cokedale Assessed Value
$30,120
Average Las Animas County Assessed Value
$103,330
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cokedale, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81082 | $30,120 | $30,120 | $30,120 | $30,120 | $30,120 |
Source: Ownwell
Property Tax Bills Across Cokedale, Colorado
In Cokedale, located in Las Animas County, CO, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. For homeowners, this assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Cokedale is $30,120, and the property tax rate in Las Animas County is relatively low compared to the national median of 0.99%. Factors such as property type, location, and improvements can influence the assessed value. For instance, a well-maintained or recently renovated home might have a higher assessed value than a similar but less maintained property. In Cokedale, the tax bills at the 25th, 75th, and 90th percentiles are consistently $96, indicating a relatively uniform property tax burden across different property values. This consistency can provide homeowners with a predictable annual expense, which is beneficial for financial planning and stability.
Average Cokedale Tax Bill
$96
Average Las Animas County Tax Bill
$300
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Cokedale, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81082 | $96 | $96 | $96 | $96 | $96 |
Source: Ownwell