Arboles, Colorado Property Taxes
The median property tax rate in Arboles, CO is 0.39%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With a median home value of $154,000 in Arboles, the typical annual property tax bill amounts to $771, which is well below the national median of $2,690. Property taxes in Arboles are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Arboles' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Arboles or another part of Archuleta County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Arboles, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.39%
Estimate Property Tax Bill
$601
Ownwell’s Arboles Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Arboles with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Arboles to provide an estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Arboles, Colorado
Property taxes in Arboles, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arboles is 0.39%, which is significantly lower than both the Colorado state median of 0.51% and the U.S. national median of 0.99%. Local government entities within Arboles set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arboles 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 Arboles' effective property tax rate to other counties in Colorado and the national median. For comparison, the 81611 zip code has the highest median property tax rate of 0.55%, while the 81019 zip code has the lowest median tax rate of 0.21%. Understanding how these cities compare with Arboles provides valuable insights into the varying tax landscape across Archuleta County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arboles Tax Rate
0.39%
Average Archuleta County Tax Rate
0.45%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arboles, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81121 | 0.27% | 0.34% | 0.39% | 0.39% | 0.41% |
Source: Ownwell
Property Tax Assessment Values Across Arboles, Colorado
In Arboles, 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 Archuleta 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 Arboles, 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 Arboles helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 81121 has both the highest and lowest median tax bill at $771.
Average Arboles Assessed Value
$154,000
Average Archuleta County Assessed Value
$301,050
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arboles, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81121 | $10,760 | $42,050 | $154,000 | $288,270 | $451,530 |
Source: Ownwell
Property Tax Bills Across Arboles, Colorado
In Arboles, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The tax rate in Archuleta County is applied to this assessed value to determine the annual property tax bill. Several factors influence the tax bill, including the median home price in the area, which stands at $154,000. Homeowners in Arboles can expect their tax bills to vary widely. For instance, those in the 25th percentile pay around $316, while those in the 75th percentile face bills closer to $1,239. At the 90th percentile, tax bills can reach up to $1,764. These variations highlight how property values and local tax rates can significantly impact what homeowners owe each year. Compared to the national median property tax rate of 0.99%, the specific rates and resulting bills in Arboles reflect the unique economic and property landscape of the area, affecting how much residents contribute to local services and infrastructure.
Average Arboles Tax Bill
$771
Average Archuleta County Tax Bill
$1,424
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Arboles, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81121 | $132 | $316 | $771 | $1,239 | $1,764 |
Source: Ownwell