Campo, Colorado Property Taxes
The median property tax rate in Campo, CO is 0.58%, slightly higher than the Colorado state median of 0.55% but well below the national median of 0.99%. With a median home value of $18,893, the typical annual property tax bill in Campo amounts to $107, significantly lower than the national median of $2,690. Property taxes in Campo are determined based on the tax assessed value, which is usually less than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Campo'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 Campo or another part of Baca County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Campo, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.58%
Estimate Property Tax Bill
$110
$102
Ownwell’s CAMPO Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in CAMPO with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in CAMPO 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 Campo, Colorado
Property taxes in Campo, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Campo is 0.58%, lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Campo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Campo 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 Campo's effective property tax rate to other counties in Colorado and the national median. For comparison, the 81029 zip code has the highest median property tax rate of 0.58%, while the 81029 zip code also has the lowest median tax rate of 0.58%. Understanding how these cities compare with Campo provides valuable insights into the varying tax landscape across Baca County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Campo Tax Rate
0.58%
Average Baca County Tax Rate
0.73%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Campo, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81029 | 0.38% | 0.46% | 0.58% | 0.58% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Campo, Colorado
In Campo, 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 Baca 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 Campo, 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 Campo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the median home price in Campo is $18,893, with the highest median tax bill recorded at $107 in the 81029 zip code.
Average Campo Assessed Value
$18,893
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 Campo, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81029 | $5,707 | $12,354 | $18,893 | $29,977 | $52,535 |
Source: Ownwell
Property Tax Bills Across Campo, Colorado
In Campo, located in Baca County, CO, property tax bills are calculated based on the assessed value of the property. The assessed value is a percentage of the market value, which is determined by the county assessor. For homeowners in Campo, the median home price is $18,893. Property tax rates in the area are influenced by various factors, including local government budgets, school district funding, and public services. Homeowners can expect their tax bills to vary. The 25th percentile tax bill is $61, while the 75th percentile reaches $199. At the 90th percentile, the tax bill can go up to $321. These figures indicate a range of tax burdens, reflecting differences in property values and specific assessments. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark to understand how Campo's rates align. For homeowners, understanding these calculations is crucial as it directly impacts their annual financial planning and the overall affordability of their property.
Average Campo Tax Bill
$107
Average Baca County Tax Bill
$265
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Campo, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81029 | $42 | $61 | $107 | $199 | $321 |
Source: Ownwell