Nucla, Colorado Property Taxes
The median property tax rate in Nucla, CO is 0.55%, which aligns with the state median but is significantly lower than the national median of 0.99%. With a median home value of $143,780 in Nucla, the typical annual property tax bill is $802, well below the national median of $2,690. Property taxes in Nucla are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Nucla'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 Nucla or another part of Montrose County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Nucla, 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 Nucla Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nucla with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nucla 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 Montrose County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Nucla, Colorado
Property taxes in Nucla, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nucla is 0.55%, lower than both the Colorado state median of 0.55% and the U.S. national median of 0.99%. Local government entities within Nucla set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nucla 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 Nucla's effective property tax rate to other counties in Colorado and the national median. For comparison, the 81424 zip code has the highest median property tax rate of 0.55%, while the 81424 zip code has the lowest median tax rate of 0.55%. Understanding how these cities compare with Nucla provides valuable insights into the varying tax landscape across Montrose County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Nucla Tax Rate
0.55%
Average Montrose County Tax Rate
0.49%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nucla, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81424 | 0.48% | 0.53% | 0.55% | 0.55% | 0.61% |
Source: Ownwell
Property Tax Assessment Values Across Nucla, Colorado
In Nucla, 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 Montrose 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 Nucla, 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 Nucla 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 Nucla are both $802 in the 81424 zip code, reflecting a consistent tax environment for residents.
Average Nucla Assessed Value
$143,780
Average Montrose County Assessed Value
$398,340
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Nucla, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81424 | $41,272 | $81,730 | $143,780 | $225,395 | $309,012 |
Source: Ownwell
Property Tax Bills Across Nucla, Colorado
In Nucla, Montrose County, CO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in Nucla is $143,780. Property taxes are then levied on this assessed value, taking into account various factors such as the local tax rate and applicable exemptions. The tax bill for homeowners can vary significantly. For instance, the 25th percentile tax bill is $458, while the 75th percentile tax bill rises to $1264. At the 90th percentile, it reaches $1724. These variations highlight how different factors, such as property value and applicable exemptions, can influence the final tax bill. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local tax burdens. For homeowners in Nucla, understanding these calculations is crucial for financial planning and property management. The highest and lowest median tax bills in the area both stand at $802, indicating a consistent tax environment within the specified zip code of 81424.
Average Nucla Tax Bill
$802
Average Montrose County Tax Bill
$1,943
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Nucla, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81424 | $226 | $458 | $802 | $1,264 | $1,724 |
Source: Ownwell