Padroni, Colorado Property Taxes
The median property tax rate in Padroni, Colorado is 0.53%, considerably lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Padroni at $87,550, the typical annual property tax bill reaches $498, which is significantly less than the national median of $2,690. Property taxes in Padroni are calculated based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Padroni'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 Padroni or another part of Logan County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Padroni, 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 Padroni Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Padroni with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Padroni 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 Padroni, Colorado
Property taxes in Padroni, Colorado, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Padroni is 0.53%, lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Padroni set these rates annually, and they can vary significantly across different neighborhoods. Each year, Padroni 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 Padroni's effective property tax rate to other counties in Colorado and the national median. For comparison, the zip code 80745 has both the highest and lowest median property tax rate of 0.53%. Understanding how these areas compare with Padroni 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 Padroni Tax Rate
0.53%
Average Logan County Tax Rate
0.57%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Padroni, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80745 | 0.50% | 0.52% | 0.53% | 0.80% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Padroni, Colorado
In Padroni, 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 Logan 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. 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 Padroni helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Padroni's median home price is $87,550, with tax bills ranging from $219 at the 25th percentile to $2,430 at the 90th percentile. The highest and lowest median tax bills are both $498 in zip code 80745, reflecting the localized property tax landscape.
Average Padroni Assessed Value
$87,550
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 Padroni, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80745 | $12,292 | $37,140 | $87,550 | $151,105 | $250,132 |
Source: Ownwell
Property Tax Bills Across Padroni, Colorado
In Padroni, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, with a median home price of $87,550, the assessed value determines the tax liability. Homeowners in Padroni can expect to pay property taxes within a range, with the 25th percentile tax bill around $219 and the 75th percentile reaching up to $1,132. At the 90th percentile, tax bills can be as high as $2,430. Several factors influence the property tax bill, including the local tax rate set by Logan County and any applicable exemptions or deductions. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life in the community. Compared to the national median property tax rate of 0.99%, Padroni's property taxes can be relatively lower, providing some financial relief to homeowners while still supporting vital local services.
Average Padroni Tax Bill
$498
Average Logan County Tax Bill
$847
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Padroni, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80745 | $91 | $219 | $498 | $1,132 | $2,430 |
Source: Ownwell