Monte Vista, Colorado Property Taxes
The median property tax rate in Monte Vista, CO is 0.32%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With a median home value of $280,818 in Monte Vista, the typical annual property tax bill amounts to $849, which is well below the national median of $2,690. Property taxes in Monte Vista are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Monte Vista's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Monte Vista 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
Monte Vista, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.32%
Estimate Property Tax Bill
$899
Ownwell’s Monte Vista Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Monte Vista with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Monte Vista 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 Monte Vista, Colorado
Property taxes in Monte Vista, Colorado, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Monte Vista is 0.32%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Monte Vista set these rates annually, and they can vary across different neighborhoods. Each year, Monte Vista 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 Monte Vista's effective property tax rate to other counties in Colorado and the national median. Understanding how Monte Vista's property tax rate compares with other regions 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 Monte Vista Tax Rate
0.32%
Average Alamosa County Tax Rate
0.41%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Monte Vista, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81144 | 0.19% | 0.23% | 0.32% | 0.37% | 0.67% |
Source: Ownwell
Property Tax Assessment Values Across Monte Vista, Colorado
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Monte Vista, 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 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 Monte Vista, 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 here is $280,818, with property tax bills ranging significantly. The 25th percentile tax bill is $660, while the 75th percentile is $1,157, and the 90th percentile reaches $2,172. The highest and lowest median tax bills are both $849, found in the zip code 81144. Understanding these valuation concepts helps property owners navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Monte Vista Assessed Value
$280,818
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 Monte Vista, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81144 | $175,890 | $253,164 | $280,818 | $314,148 | $414,062 |
Source: Ownwell
Property Tax Bills Across Monte Vista, Colorado
In Monte Vista, CO, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and is a percentage of the property's market value. For homeowners in Monte Vista, this means that a median home price of $280,818 translates into varying tax bills. The tax bill can range significantly, with the 25th percentile at $660 and the 75th percentile at $1,157, indicating a broad spectrum of tax liabilities within the community. The highest median tax bill in the area is $849, found in the 81144 zip code. This assessed value is then multiplied by the local tax rate to determine the final tax bill. Homeowners need to be aware that these taxes fund essential local services such as schools, public safety, and infrastructure. While Monte Vista's property tax rates may vary, they provide a crucial source of revenue for maintaining and improving the community.
Average Monte Vista Tax Bill
$849
Average Alamosa County Tax Bill
$694
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Monte Vista, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81144 | $492 | $660 | $849 | $1,157 | $2,172 |
Source: Ownwell