Arriba, Colorado Property Taxes
The median property tax rate in Arriba, CO is 0.59%, slightly higher than the state median of 0.55% but lower than the national median of 0.99%. With the median home value in Arriba at $82,390, the typical annual property tax bill is $473, significantly below the national median of $2,690. Property taxes in Arriba are calculated based on the assessed value, which often falls below the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Arriba'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 Arriba or another part of Lincoln County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Arriba, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.59%
Estimate Property Tax Bill
$486
Ownwell’s Arriba Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Arriba with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arriba 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 Arriba, Colorado
Property taxes in Arriba, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arriba is 0.59%, significantly lower than the U.S. national median of 0.99%. Local government entities within Arriba set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arriba 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 Arriba's effective property tax rate to other areas in Colorado and the national median. For comparison, the 80804 zip code has the highest median property tax rate of 0.59%, while the same zip code also has the lowest median tax rate of 0.59%. Understanding how these cities compare with Arriba provides valuable insights into the varying tax landscape across Lincoln County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arriba Tax Rate
0.59%
Average Lincoln County Tax Rate
0.60%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arriba, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80804 | 0.45% | 0.58% | 0.59% | 0.65% | 1.65% |
Source: Ownwell
Property Tax Assessment Values Across Arriba, Colorado
In Arriba, 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 Lincoln 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 Arriba, 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. The median home price in Arriba is $82,390, with tax bills varying significantly across different percentiles. For instance, the 25th percentile tax bill is $243, while the 75th percentile tax bill is $901. Understanding these valuation concepts helps property owners navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage the tax burden effectively.
Average Arriba Assessed Value
$82,390
Average Lincoln County Assessed Value
$108,229
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arriba, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80804 | $14,438 | $39,744 | $82,390 | $138,482 | $226,410 |
Source: Ownwell
Property Tax Bills Across Arriba, Colorado
In Arriba, located in Lincoln County, CO, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the market value, which is determined by the county assessor. Homeowners in Arriba can expect their tax bill to be influenced by several factors, including the median home price of $82,390. Tax rates in Arriba can vary significantly, with the 25th percentile tax bill being $243 and the 75th percentile tax bill reaching $901. At the 90th percentile, homeowners might see tax bills as high as $2006. These variations highlight the impact of property values and local tax rates on the final amount owed. For context, the national median property tax rate is 0.99%, which can serve as a benchmark for assessing how Arriba's rates compare. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly, ensuring they are well-prepared for their property tax responsibilities.
Average Arriba Tax Bill
$473
Average Lincoln County Tax Bill
$650
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Arriba, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80804 | $76 | $243 | $473 | $901 | $2,006 |
Source: Ownwell