Moffat, Colorado Property Taxes
The median property tax rate in Moffat, CO is 0.60%, slightly higher than the Colorado state median of 0.55% but still lower than the national median of 0.99%. With the median home value in Moffat at $24,000, the typical annual property tax bill is $162, significantly below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Moffat'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 Moffat 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
Moffat, 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 Moffat Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moffat with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moffat 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 Moffat, Colorado
Property taxes in Moffat, Colorado, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Moffat stands at 0.30%, significantly lower than both the Colorado state median of 0.51% and the U.S. national median of 0.99%. Local government entities within Moffat set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moffat 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 Moffat's effective property tax rate to other counties in Colorado and the national median. For comparison, the 81143 zip code has both the highest and lowest median property tax rate of 0.60%. Understanding how these areas compare with Moffat provides valuable insights into the varying tax landscape across Saguache County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Moffat Tax Rate
0.60%
Average Saguache County Tax Rate
0.66%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moffat, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81143 | 0.56% | 0.56% | 0.60% | 0.71% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Moffat, Colorado
In Moffat, 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 local appraisal district 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 Moffat, 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 Moffat helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area both stand at $162.00, specifically in the 81143 zip code.
Average Moffat Assessed Value
$24,000
Average Saguache County Assessed Value
$49,043
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Moffat, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81143 | $1,525 | $4,500 | $24,000 | $69,756 | $127,418 |
Source: Ownwell
Property Tax Bills Across Moffat, Colorado
In Moffat, located in Saguache County, CO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Moffat is $24,000. Property taxes are then determined by applying the local tax rate to this assessed value. Factors such as property size, location, and improvements made to the home can influence the assessed value and, consequently, the tax bill. For homeowners in Moffat, the tax bill can vary significantly. The 25th percentile tax bill is around $25, whereas the 75th percentile tax bill reaches $461, and the 90th percentile climbs to $857. The highest median tax bill in the area is $162, found in the 81143 zip code. These variations highlight how different factors can impact the final tax amount. Understanding these elements can help homeowners better anticipate their property tax obligations and manage their finances more effectively.
Average Moffat Tax Bill
$162
Average Saguache County Tax Bill
$305
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Moffat, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81143 | $11 | $25 | $162 | $461 | $857 |
Source: Ownwell