Wiggins, Colorado Property Taxes
The median property tax rate in Wiggins, CO is 0.35%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Wiggins at $588,188, the typical annual property tax bill is $2,066, which is below the national median of $2,690. Property taxes in Wiggins 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 Wiggins' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Wiggins 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
Wiggins, 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 Wiggins Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wiggins with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wiggins 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 Wiggins, Colorado
Property taxes in Wiggins, Colorado, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Wiggins is 0.51%, which is higher than the Colorado state median of 0.51% but lower than the U.S. national median of 0.99%. Local government entities within Wiggins set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wiggins 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 Wiggins' effective property tax rate to other counties in Colorado and the national median. For comparison, the highest median property tax rate in the region is 0.67%, while the lowest median tax rate is 0.29%. Understanding how these cities compare with Wiggins 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 Wiggins Tax Rate
0.35%
Average Adams County Tax Rate
0.57%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wiggins, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80654 | 0.28% | 0.30% | 0.35% | 0.38% | 0.44% |
Source: Ownwell
Property Tax Assessment Values Across Wiggins, Colorado
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Wiggins, Colorado. 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 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 Wiggins, 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. The median home price in Wiggins is $588,188, with tax bills ranging from $1,899 at the 25th percentile to $2,340 at the 90th percentile. The highest and lowest median tax bills are both $2,066 in the 80654 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Wiggins Assessed Value
$588,188
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 Wiggins, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80654 | $448,652 | $453,000 | $588,188 | $652,250 | $716,689 |
Source: Ownwell
Property Tax Bills Across Wiggins, Colorado
In Wiggins, property tax bills are calculated based on the assessed value of a home, which is determined by the Adams County Assessor's Office. The assessed value is a percentage of the property's market value, and this percentage can vary. For homeowners in Wiggins, the median home price is $588,188. The tax rate is then applied to this assessed value to determine the annual tax bill. Homeowners in Wiggins typically see tax bills ranging from $1,899 at the 25th percentile to $2,340 at the 90th percentile, with a median tax bill of $2,066. This is slightly higher than the national median property tax rate of 0.99%, reflecting the local property values and tax rates. Factors such as property improvements, neighborhood changes, and market conditions can influence the assessed value, thereby impacting the tax bill. Higher property taxes can affect homeowners by increasing their annual expenses, but they also contribute to local services and infrastructure.
Average Wiggins Tax Bill
$2,066
Average Adams County Tax Bill
$2,770
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Wiggins, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80654 | $1,665 | $1,899 | $2,066 | $2,236 | $2,340 |
Source: Ownwell