Rye, Colorado Property Taxes
The median property tax rate in Rye, CO is 0.66%, notably higher than the Colorado state median of 0.55% but still below the national median of 0.99%. With a median home value of $187,999 in Rye, the typical annual property tax bill amounts to $1,130, which is lower than the national median of $2,690. Property taxes in Rye are calculated based on the assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Rye'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 Rye 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
Rye, 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 Rye Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rye with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rye 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 Rye, Colorado
Property taxes in Rye, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rye is 0.66%, which is lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Rye set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rye 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 Rye's effective property tax rate to other areas in Colorado and the national median. For comparison, the 81004 zip code has the highest median property tax rate of 0.67%, while the 81069 zip code has the lowest median tax rate of 0.66%. Understanding how these areas compare with Rye provides valuable insights into the varying tax landscape across Pueblo County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rye Tax Rate
0.66%
Average Pueblo County Tax Rate
0.69%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rye, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81004 | 0.67% | 0.67% | 0.67% | 0.67% | 0.67% |
| 81019 | 0.49% | 0.56% | 0.67% | 0.73% | 0.77% |
| 81069 | 0.43% | 0.66% | 0.66% | 0.66% | 0.70% |
| 81089 | 0.31% | 0.31% | 0.31% | 0.31% | 0.31% |
Source: Ownwell
Property Tax Assessment Values Across Rye, Colorado
In Rye, 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 Pueblo 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 Rye, 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 Rye helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1138 in the 81004 zip code, while the lowest is $508 in the 81089 zip code.
Average Rye Assessed Value
$187,999
Average Pueblo County Assessed Value
$185,177
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rye, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81004 | $169,584 | $169,584 | $169,584 | $169,584 | $169,584 |
| 81019 | $61,679 | $121,646 | $221,593 | $222,785 | $223,500 |
| 81069 | $26,024 | $108,622 | $188,000 | $291,512 | $427,661 |
| 81089 | $165,790 | $165,790 | $165,790 | $165,790 | $165,790 |
Source: Ownwell
Property Tax Bills Across Rye, Colorado
In Rye, Pueblo County, CO, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The assessed value is a percentage of the market value, determined by the county assessor. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. With a median home price of $187,999 in Rye, homeowners can expect varying tax bills depending on the assessed value and the local tax rate. Several factors influence the tax bill, including the home's location, improvements, and any applicable exemptions. For instance, the 25th percentile tax bill in Rye is $636, while the 75th percentile reaches $1,825, and the 90th percentile climbs to $2,694. Comparatively, the highest median tax bill in the region is $1,138 in the 81004 zip code, while the lowest is $508 in the 81089 zip code. These variations highlight the importance of understanding local property tax dynamics, as they significantly impact homeowners' financial responsibilities.
Average Rye Tax Bill
$1,130
Average Pueblo County Tax Bill
$1,150
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Rye, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81004 | $1,138 | $1,138 | $1,138 | $1,138 | $1,138 |
| 81019 | $315 | $570 | $996 | $1,380 | $1,610 |
| 81069 | $182 | $636 | $1,130 | $1,826 | $2,697 |
| 81089 | $508 | $508 | $508 | $508 | $508 |
Source: Ownwell