Center, Colorado Property Taxes
The median property tax rate in Center, Colorado is 2.45%, considerably higher than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Center at $390,532, the typical annual property tax bill reaches $11,497, far exceeding the national median of $2,690. Property taxes in Center 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 Center'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 Center 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
Center, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.45%
Estimate Property Tax Bill
$9,568
$8,879
Ownwell’s CENTER Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in CENTER with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in CENTER 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 Center, Colorado
Property taxes in Center, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Center is 2.45%, significantly higher than the Colorado state median and the U.S. national median of 0.99%. Local government entities within Center set these rates annually, and they can vary significantly across different neighborhoods. Each year, Center 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 Center's effective property tax rate to other counties in Colorado and the national median. For comparison, the 81125 zip code has the highest median property tax rate of 2.45%, while the same zip code also has the lowest median tax rate of 2.45%. Understanding how these cities compare with Center provides valuable insights into the varying tax landscape across Alamosa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Center Tax Rate
2.45%
Average Alamosa County Tax Rate
0.41%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Center, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81125 | 0.82% | 1.43% | 2.45% | 3.47% | 4.09% |
Source: Ownwell
Property Tax Assessment Values Across Center, Colorado
In CENTER, 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 Alamosa 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 CENTER, 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 CENTER helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 81125, with a bill of $11,497.
Average Center Assessed Value
$390,532
Average Alamosa County Assessed Value
$189,361
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Center, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81125 | $315,199 | $343,449 | $390,532 | $437,616 | $465,866 |
Source: Ownwell
Property Tax Bills Across Center, Colorado
In Center, located in Alamosa County, Colorado, property tax bills are calculated based on the assessed value of a home, which is a percentage of the property's market value. Homeowners in this region experience property tax rates that can vary significantly. The median home price in Center is $390,532, and the property tax rate is determined by local government authorities, taking into account factors such as property size, location, and market trends. For example, the 25th percentile tax bill in Center is $6,353, while those in the 75th percentile pay around $16,642. Homeowners at the 90th percentile face tax bills as high as $19,728. These figures suggest that property taxes in Center can be quite substantial compared to the national median property tax rate of 0.99%. The impact on homeowners can be significant, with higher property taxes potentially affecting affordability and long-term financial planning. Understanding these factors is crucial for homeowners to anticipate and manage their property tax liabilities effectively.
Average Center Tax Bill
$11,497
Average Alamosa County Tax Bill
$694
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Center, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81125 | $3,266 | $6,353 | $11,497 | $16,642 | $19,728 |
Source: Ownwell