Divide, Colorado Property Taxes
The median property tax rate in Divide, CO is 0.39%, considerably lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Divide at $339,224, the typical annual property tax bill reaches $1,310, significantly below the national median of $2,690. Property taxes in Divide 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 Divide'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 Divide 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
Divide, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.39%
Estimate Property Tax Bill
$1,323
Ownwell’s DIVIDE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in DIVIDE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in DIVIDE 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 Divide, Colorado
Property taxes in Divide, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Divide is 0.39%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Divide set these rates annually, and they can vary significantly across different neighborhoods. Each year, Divide 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 Divide's effective property tax rate to other counties in Colorado and the national median. For comparison, the highest median property tax rate in Colorado is found in Boulder County at 0.63%, while the lowest median tax rate is in Costilla County at 0.23%. Understanding how these cities compare with Divide provides valuable insights into the varying tax landscape across Teller County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Divide Tax Rate
0.39%
Average Teller County Tax Rate
0.39%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Divide, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80814 | 0.29% | 0.39% | 0.39% | 0.40% | 0.44% |
Source: Ownwell
Property Tax Assessment Values Across Divide, Colorado
In Divide, 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 Teller 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 Divide, 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. The median home price in Divide is $339,224, with tax bills ranging from $925 at the 25th percentile to $2,194 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Divide Assessed Value
$339,224
Average Teller County Assessed Value
$324,386
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Divide, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80814 | $183,116 | $250,158 | $339,224 | $434,983 | $558,266 |
Source: Ownwell
Property Tax Bills Across Divide, Colorado
In Divide, located in Teller County, CO, property tax bills are determined through a combination of the property's assessed value and the local tax rate. The assessed value is a percentage of the market value of the home, which in Divide has a median home price of $339,224. The local tax rate applied to this assessed value then determines the final tax bill. For homeowners in Divide, the property tax bills can vary significantly. For instance, the 25th percentile tax bill is $925, while the 75th percentile reaches up to $1705. At the 90th percentile, homeowners might see tax bills as high as $2194. The highest and lowest median tax bills in the area both stand at $1310, specifically in the 80814 zip code. Understanding these factors is crucial for homeowners as property taxes directly impact their annual financial planning. With the national median property tax rate at 0.99%, Divide's property tax values provide a comparative perspective on what residents might expect to pay.
Average Divide Tax Bill
$1,310
Average Teller County Tax Bill
$1,276
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Divide, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80814 | $564 | $925 | $1,310 | $1,705 | $2,194 |
Source: Ownwell