Ignacio, Colorado Property Taxes
The median property tax rate in Ignacio, CO is 0.34%, considerably lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Ignacio at $128,260, the typical annual property tax bill reaches $567, significantly below the national median of $2,690. Property taxes in Ignacio 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 Ignacio'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 Ignacio 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
Ignacio, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.34%
Estimate Property Tax Bill
$436
Ownwell’s Ignacio Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ignacio with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ignacio 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 Ignacio, Colorado
Property taxes in Ignacio, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ignacio is 0.34%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Ignacio set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ignacio 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 Ignacio's effective property tax rate to other counties in Colorado and the national median. For comparison, the highest median property tax rate in Colorado is found in Archuleta County. Understanding how these areas compare with Ignacio 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 Ignacio Tax Rate
0.34%
Average Archuleta County Tax Rate
0.45%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ignacio, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81137 | 0.26% | 0.34% | 0.34% | 0.49% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Ignacio, Colorado
In Ignacio, 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 Ignacio, 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. For example, the median home price in Ignacio is $128,260, with tax bills ranging from $270 at the 25th percentile to $1,190 at the 75th percentile. Being aware of these valuation processes in Ignacio helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ignacio Assessed Value
$128,260
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 Ignacio, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81137 | $8,448 | $51,970 | $128,260 | $259,792 | $387,536 |
Source: Ownwell
Property Tax Bills Across Ignacio, Colorado
In Ignacio, CO, property tax bills are calculated based on the assessed value of a home, which is determined by the Archuleta County Assessor's Office. The assessed value is a percentage of the home's market value, which in Ignacio has a median home price of $128,260. The local tax rate is then applied to this assessed value to determine the tax bill. Factors such as property size, location, and home improvements can influence the assessed value. Homeowners in Ignacio can expect varying tax bills, with the 25th percentile at $270 and the 75th percentile at $1,190. For those in the 90th percentile, tax bills can reach up to $1,900. The highest and lowest median tax bills in the area are both $567, reflecting consistency in the local tax structure. Compared to the national median property tax rate of 0.99%, Ignacio’s tax bills provide a reasonable range for homeowners, ensuring that property taxes remain manageable while supporting community services and infrastructure.
Average Ignacio Tax Bill
$567
Average Archuleta County Tax Bill
$1,424
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Ignacio, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81137 | $191 | $270 | $567 | $1,190 | $1,900 |
Source: Ownwell