Lochbuie, Colorado Property Taxes
The median property tax rate in Lochbuie, CO is 0.80%, considerably higher than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Lochbuie at $393,500, the typical annual property tax bill reaches $3,044, exceeding the national median of $2,690. Property taxes in Lochbuie 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 Lochbuie'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 Lochbuie 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
Lochbuie, 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 Lochbuie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lochbuie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lochbuie 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 Lochbuie, Colorado
Property taxes in Lochbuie, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lochbuie is 0.80%, which is lower than the U.S. national median of 0.99%. Local government entities within Lochbuie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lochbuie 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 Lochbuie's effective property tax rate to other counties in Colorado and the national median. For comparison, the 80603 zip code has both the highest and lowest median property tax rate of 0.80%. Understanding how these cities compare with Lochbuie 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 Lochbuie Tax Rate
0.80%
Average Adams County Tax Rate
0.57%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lochbuie, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80603 | 0.60% | 0.75% | 0.80% | 0.87% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Lochbuie, Colorado
In Lochbuie, 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's Office 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 Lochbuie, 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 Lochbuie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Lochbuie are both $3,044, found in the 80603 zip code.
Average Lochbuie Assessed Value
$393,500
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 Lochbuie, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80603 | $340,000 | $364,750 | $393,500 | $504,000 | $523,100 |
Source: Ownwell
Property Tax Bills Across Lochbuie, Colorado
In Lochbuie, Adams County, CO, property tax bills are calculated based on the assessed value of a home, which is derived from the market value. The median home price in Lochbuie stands at $393,500. Property tax rates are applied to this assessed value to determine the final tax bill. For example, homeowners in the 25th percentile can expect a tax bill around $2,935, while those in the 75th percentile might see a bill closer to $3,233. At the 90th percentile, tax bills can reach up to $4,567. Several factors influence the assessed value, including property size, location, and market conditions. These tax bills directly impact homeowners by contributing to local services like schools, infrastructure, and public safety. Notably, the median property tax rate in Lochbuie is higher than the national median of 0.99%, reflecting the area's specific economic and market conditions. Homeowners in the 80603 zip code experience the highest and lowest median tax bills, both at $3,044, showcasing the variability within the region.
Average Lochbuie Tax Bill
$3,044
Average Adams County Tax Bill
$2,770
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Lochbuie, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80603 | $2,868 | $2,935 | $3,044 | $3,233 | $4,567 |
Source: Ownwell