Walsh, Baca County, Colorado Property Taxes
The median property tax rate in Walsh, CO is 1.04%, slightly higher than the national median of 0.99% and significantly above the Colorado state median of 0.55%. With the median home value in Walsh at $34,656, the typical annual property tax bill reaches $296, which is markedly lower than the national median of $2,690. Property taxes in Walsh are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Walsh'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 Walsh 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
Walsh, Baca County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$360
$334
Ownwell’s Walsh Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Walsh with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Walsh to provide an accurate property tax bill estimate. This valuable tool helps you understand potential tax liabilities and plan accordingly. For those interested in more granular details, you can explore trends at the neighborhood level by scrolling down. Your property’s assessed value, determined by the county, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Walsh, Baca County, Colorado
Property taxes in Walsh, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Walsh is 1.04%, higher than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Walsh set these rates annually, and they can vary significantly across different neighborhoods. Each year, Walsh 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 Walsh's effective property tax rate to other counties in Colorado and the national median. For comparison, the 81090 zip code has the highest median property tax rate of 1.04%, while the same zip code also has the lowest median tax rate of 1.04%. Understanding how these cities compare with Walsh 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 Walsh Tax Rate
1.04%
Average Baca County Tax Rate
0.73%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Walsh, Baca County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81090 | 0.52% | 0.86% | 1.04% | 1.04% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Walsh, Baca County, Colorado
In Walsh, 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's Office 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 Walsh, 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 Walsh helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 81090 has both the highest and lowest median tax bill, valued at $296.
Property Tax Assessment Values Across Walsh, Baca County, Colorado
Source: Ownwell
$18,893
$36,428
$53,963
Average Walsh Assessed Value
$34,656
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 Walsh, Baca County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81090 | $9,507 | $17,716 | $34,656 | $67,139 | $107,725 |
Source: Ownwell
Property Tax Bills Across Walsh, Baca County, Colorado
In Walsh, Colorado, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in Walsh is $34,656. The tax rate is applied to this assessed value to determine the annual tax bill. For homeowners in Walsh, the tax bill can vary significantly. The 25th percentile tax bill is $162, while the 75th percentile tax bill is $560. For those at the higher end, the 90th percentile tax bill reaches $926. Factors that influence the property tax bill include the market value of the home, local tax rates, and any applicable exemptions or deductions. These taxes fund essential services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Walsh's tax rates can be considered relatively low. This can be advantageous for homeowners, making property ownership more affordable and potentially increasing the attractiveness of the area for new residents.
Average Walsh Tax Bill
$296
Average Baca County Tax Bill
$265
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Walsh, Baca County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81090 | $94 | $162 | $296 | $560 | $926 |
Source: Ownwell