Weldona, Colorado Property Taxes
The median property tax rate in Weldona, CO is 0.38%, considerably lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Weldona at $549,044, the typical annual property tax bill reaches $1,988, falling below the national median of $2,690. Property taxes in Weldona 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 Weldona'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 Weldona 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
Weldona, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.38%
Estimate Property Tax Bill
$2,086
Ownwell’s Weldona Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Weldona with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Weldona 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 Weldona, Colorado
Property taxes in Weldona, Colorado, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Weldona is 0.38%, which is significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Weldona set these rates annually, and they can vary significantly across different neighborhoods. Each year, Weldona 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 Weldona's effective property tax rate to other counties in Colorado and the national median. For comparison, the highest median property tax rate in the state is found in some areas, while other regions have the lowest median tax rate. Understanding how these cities compare with Weldona 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 Weldona Tax Rate
0.38%
Average Weld County Tax Rate
0.49%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Weldona, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80653 | 0.21% | 0.28% | 0.38% | 0.51% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Weldona, Colorado
In Weldona, 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 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 Weldona, 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. For instance, the median home price in Weldona is $549,044, and the tax bills can range significantly. The 25th percentile tax bill is around $1,210, while the 75th percentile tax bill is approximately $3,296. The 90th percentile tax bill can reach up to $4,401. Notably, the zip code 80653 has both the highest and lowest median tax bills at $1,988. 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 Weldona helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Weldona Assessed Value
$549,044
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 Weldona, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80653 | $135,360 | $414,839 | $549,044 | $700,048 | $860,779 |
Source: Ownwell
Property Tax Bills Across Weldona, Colorado
In Weldona, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The county assessor determines this value, and it's crucial for homeowners to understand that the assessed value may differ from the market value. With a median home price of $549,044, homeowners can expect varying tax bills. For instance, tax bills in the 25th percentile are around $1,210, while those in the 75th percentile reach approximately $3,296. At the 90th percentile, tax bills can be as high as $4,401. The property tax rate in Weld County contributes significantly to these figures. Compared to the national median property tax rate of 0.99%, homeowners in Weldona might find their tax rates either higher or lower, impacting their overall financial planning. These taxes fund essential services such as schools, infrastructure, and public safety, directly affecting the quality of life for residents. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Weldona Tax Bill
$1,988
Average Weld County Tax Bill
$2,133
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Weldona, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80653 | $484 | $1,210 | $1,988 | $3,296 | $4,401 |
Source: Ownwell