Briggsdale, Colorado Property Taxes
The median property tax rate in Briggsdale, CO is 0.24%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With a median home value of $272,512 in Briggsdale, the typical annual property tax bill comes to $667, well below the national median of $2,690. Property taxes in Briggsdale are determined based on the tax assessed value, which is often less than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Briggsdale's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Briggsdale or another part of Weld County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Briggsdale, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.24%
Estimate Property Tax Bill
$654
Ownwell’s Briggsdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Briggsdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Briggsdale 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 Briggsdale, Colorado
Property taxes in Briggsdale, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Briggsdale is 0.24%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Briggsdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Briggsdale 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 Briggsdale's effective property tax rate to other counties in Colorado and the national median. For comparison, the highest median property tax rate in the county is found in zip code 80631, with a rate of 0.72%, while the lowest median tax rate is in zip code 80620, with a rate of 0.18%. Understanding how these cities compare with Briggsdale provides valuable insights into the varying tax landscape across Weld County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Briggsdale Tax Rate
0.24%
Average Weld County Tax Rate
0.49%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Briggsdale, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80611 | 0.14% | 0.18% | 0.24% | 0.27% | 0.38% |
Source: Ownwell
Property Tax Assessment Values Across Briggsdale, Colorado
In Briggsdale, 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 Weld 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 Briggsdale, 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 Briggsdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in the area is $667 in zip code 80611, which also has the lowest median tax bill, highlighting the importance of understanding these values.
Average Briggsdale Assessed Value
$272,512
Average Weld County Assessed Value
$452,949
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Briggsdale, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80611 | $35,311 | $124,096 | $272,512 | $371,010 | $458,671 |
Source: Ownwell
Property Tax Bills Across Briggsdale, Colorado
In Briggsdale, located in Weld County, CO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the home's market value. For example, with a median home price of $272,512, the assessed value is used to calculate the tax bill. The tax rate is then applied to this assessed value to determine the final tax bill. Several factors influence the property tax bill, including the property's location, size, and any applicable exemptions. Homeowners in Briggsdale can expect their tax bills to vary. For instance, the 25th percentile tax bill is $441, while the 75th percentile tax bill is $937, and the 90th percentile reaches $1,510. These figures indicate a range of tax burdens, reflecting differences in property values and assessments. Compared to the national median property tax rate of 0.99%, Briggsdale homeowners experience relatively moderate property tax bills, which can impact their overall housing costs and financial planning.
Average Briggsdale Tax Bill
$667
Average Weld County Tax Bill
$2,133
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Briggsdale, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80611 | $126 | $441 | $667 | $937 | $1,510 |
Source: Ownwell