Baca County, Colorado Property Taxes
The median property tax rate in Baca County is 0.73%, which is notably lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Baca County, the typical annual property tax bill is $265, significantly less than the national median of $2,690. Property taxes in Baca County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Baca County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide substantial annual savings. Whether you live in Springfield or another part of Baca County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Baca County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$281
$260
Ownwell’s Baca County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Baca County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Baca County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Baca County, Colorado
Property taxes in Baca County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Baca County is 0.73%, which is lower than the U.S. national median of 0.99%. Local government entities within Baca County set these rates annually, and they can vary significantly between different areas within the county. Each year, Baca County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Baca County's effective property tax rate with other counties in Colorado and the national median. For comparison, the city of Walsh has one of the higher property tax rates in Colorado at 1.04%, while the city of Campo boasts one of the lowest at 0.58%. Analyzing how Baca County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Baca County Tax Rate
0.73%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Baca County, Colorado
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Campo | 0.38% | 0.46% | 0.58% | 0.58% | 1.11% |
| Pritchett | 0.46% | 0.65% | 0.68% | 0.69% | 0.95% |
| Springfield | 0.36% | 0.60% | 0.73% | 0.73% | 0.73% |
| Two Buttes | 0.65% | 0.76% | 0.76% | 0.94% | 1.03% |
| Vilas | 0.79% | 0.85% | 0.85% | 0.93% | 1.17% |
| Walsh | 0.52% | 0.86% | 1.04% | 1.04% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Baca County, Colorado
In Baca County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Baca County Appraisal District. The assessed value, however, 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. Assessment notices in Baca County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. The highest median tax bill in the county is $440 in Two Buttes, while the lowest is $107 in Campo. Being aware of these valuation processes in Baca County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Baca County Assessed Value
$38,447
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Baca County, Colorado
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Campo | $5,707 | $12,354 | $18,893 | $29,977 | $52,535 |
| Pritchett | $7,318 | $10,513 | $23,080 | $47,410 | $87,305 |
| Springfield | $13,681 | $23,680 | $46,534 | $87,899 | $151,213 |
| Two Buttes | $13,962 | $21,737 | $53,963 | $82,128 | $103,288 |
| Vilas | $10,426 | $14,141 | $22,822 | $46,986 | $61,722 |
| Walsh | $9,507 | $17,716 | $34,656 | $67,139 | $107,725 |
Source: Ownwell
Property Tax Bills Across Baca County, Colorado
In Baca County, CO, property tax bills are calculated based on the assessed value of a homeowner's property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value and then applies an assessment ratio to derive the assessed value. The local tax rate is then applied to this assessed value to calculate the tax bill. Several factors influence the final tax bill, including property location, market trends, and any applicable exemptions or deductions. For instance, homeowners in Two Buttes face the highest median tax bill at $440, while those in Campo experience the lowest at $107. The range of tax bills in the county also varies, with the 25th percentile at $135 and the 75th percentile at $532. The 90th percentile tax bill reaches up to $877. Understanding these dynamics is crucial for homeowners as property taxes can significantly impact their annual expenses, influencing both short-term budgeting and long-term financial planning.
Average Baca County Tax Bill
$265
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Baca County, Colorado
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Campo | $42 | $61 | $107 | $199 | $321 |
| Pritchett | $47 | $71 | $156 | $303 | $623 |
| Springfield | $88 | $152 | $293 | $566 | $1,009 |
| Two Buttes | $97 | $214 | $440 | $639 | $779 |
| Vilas | $117 | $134 | $224 | $303 | $460 |
| Walsh | $94 | $162 | $296 | $560 | $926 |
Source: Ownwell