Dupont, Colorado Property Taxes
The median property tax rate in Dupont, CO is 0.44%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Dupont at $391,000, the typical annual property tax bill amounts to $1,713, well below the national median of $2,690. Property taxes in Dupont 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 Dupont'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 Dupont 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
Dupont, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.44%
Estimate Property Tax Bill
$1,720
$1,596
Ownwell’s Dupont Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dupont with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dupont 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 Dupont, Colorado
Property taxes in Dupont, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dupont is 0.44%, significantly lower than the U.S. national median of 0.99%. Local government entities within Dupont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dupont 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 Dupont's effective property tax rate to other counties in Colorado and the national median. For comparison, the 80024 zip code has both the highest and lowest median property tax rate of 0.44%. Understanding how these cities compare with Dupont provides valuable insights into the varying tax landscape across Adams County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dupont Tax Rate
0.44%
Average Adams County Tax Rate
0.57%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dupont, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80024 | 0.30% | 0.41% | 0.44% | 0.47% | 0.49% |
Source: Ownwell
Property Tax Assessment Values Across Dupont, Colorado
In Dupont, 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 Adams 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 Dupont, 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 Dupont is $391,000, with tax bills ranging from $1,547 at the 25th percentile to $2,270 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 Dupont Assessed Value
$391,000
Average Adams County Assessed Value
$489,000
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dupont, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80024 | $339,400 | $362,000 | $391,000 | $428,000 | $495,800 |
Source: Ownwell
Property Tax Bills Across Dupont, Colorado
In Dupont, Adams County, CO, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the market value of the home, and this percentage is set by state law. For a median home price of $391,000, homeowners can expect to pay property taxes within a range, with the 25th percentile tax bill at $1,547 and the 75th percentile at $1,906. At the higher end, the 90th percentile tax bill reaches $2,270. These figures reflect the variability in assessed values and tax rates within the county. Factors influencing the tax bill include property characteristics, market conditions, and local tax rates. Homeowners in Dupont benefit from relatively moderate property tax rates compared to the national median of 0.99%. Understanding these factors helps homeowners anticipate their tax liabilities and plan their finances accordingly. The highest and lowest median tax bills in the area are both $1,713, indicating a consistent tax rate across different properties in the specified zip code.
Average Dupont Tax Bill
$1,713
Average Adams County Tax Bill
$2,770
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Dupont, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80024 | $1,152 | $1,547 | $1,713 | $1,906 | $2,270 |
Source: Ownwell