Crook, Colorado Property Taxes
The median property tax rate in Crook, Colorado is 0.73%, which is lower than the national median of 0.99% but higher than the Colorado state median of 0.55%. With the median home value in Crook at $120,440, the typical annual property tax bill reaches $932, falling below the national median of $2,690. Property taxes in Crook are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Crook'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 Crook 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
Crook, Colorado Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$1,100
Ownwell’s CROOK Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in CROOK with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in CROOK 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 Crook, Colorado
Property taxes in Crook, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Crook is 0.73%, which is lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Crook set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crook 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 Crook's effective property tax rate to other counties in Colorado and the national median. For comparison, the 80726 zip code has the highest median property tax rate of 0.73%, while the same 80726 zip code also has the lowest median tax rate of 0.73%. Understanding how these cities compare with Crook provides valuable insights into the varying tax landscape across Logan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Crook Tax Rate
0.73%
Average Logan County Tax Rate
0.57%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crook, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80726 | 0.53% | 0.72% | 0.73% | 1.62% | 3.25% |
Source: Ownwell
Property Tax Assessment Values Across Crook, Colorado
In Crook, 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 Logan County 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 Crook, 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 Crook helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $932, found in the 80726 zip code.
Average Crook Assessed Value
$120,440
Average Logan County Assessed Value
$146,235
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Crook, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80726 | $20,338 | $55,830 | $120,440 | $226,930 | $359,118 |
Source: Ownwell
Property Tax Bills Across Crook, Colorado
In Crook, located in Logan County, CO, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is typically a percentage of the market value of the property. For instance, if a home has a market value of $120,440, the assessed value would be a fraction of this amount, depending on state regulations. Once the assessed value is established, the local tax rate is applied to determine the annual property tax bill. In Logan County, the median property tax bill is $932, which is relatively lower compared to the national median property tax rate of 0.99%. Homeowners in Crook may see tax bills ranging from $430 at the 25th percentile to $9,596 at the 90th percentile, reflecting variations in property values and tax rates within the area. These taxes fund essential services such as schools, public safety, and infrastructure, directly impacting the quality of life for homeowners.
Average Crook Tax Bill
$932
Average Logan County Tax Bill
$847
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Crook, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80726 | $158 | $430 | $932 | $2,375 | $9,596 |
Source: Ownwell