Bent County, Colorado Property Taxes
The median property tax rate in Bent County is 0.64%, which is significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Bent County, the typical annual property tax bill reaches $221, a figure considerably below the national median of $2,690. Property taxes in Bent 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 Bent County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Las Animas or another part of Bent County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bent County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$217
$202
Ownwell’s Bent County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Bent County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Bent 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 Bent County, Colorado
Property taxes in Bent County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Bent County is 0.64%, which is lower than the U.S. national median of 0.99%. Local government entities within Bent County set these rates annually, and they can vary significantly between different areas within the county. Each year, Bent 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 Bent County's effective property tax rate with other counties in Colorado and the national median. For comparison, the city of Lamar has one of the higher property tax rates in Colorado at 1.16%, while the city of La Junta boasts one of the lowest at 0.55%. Analyzing how Bent County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Bent County Tax Rate
0.64%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bent County, Colorado
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Hasty | 0.26% | 0.46% | 0.74% | 1.20% | 1.61% |
| La Junta | N/A | N/A | N/A | N/A | N/A |
| Lamar | N/A | N/A | N/A | N/A | N/A |
| Las Animas | 0.28% | 0.43% | 0.61% | 0.96% | 1.48% |
| Mc Clave | N/A | N/A | N/A | N/A | N/A |
| Wiley | 0.32% | 0.42% | 0.71% | 0.85% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Bent County, Colorado
In Bent 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 Bent 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 Bent 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. Being aware of these valuation processes in Bent County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Bent County, the highest median tax bill is found in La Junta at $788, while the lowest is in Las Animas at $224. This variation highlights the importance of understanding your specific property’s assessed value and potential exemptions to effectively manage your property taxes.
Average Bent County Assessed Value
$33,984
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bent County, Colorado
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Hasty | $5,000 | $8,121 | $22,803 | $69,521 | $198,709 |
| La Junta | N/A | N/A | N/A | N/A | N/A |
| Lamar | N/A | N/A | N/A | N/A | N/A |
| Las Animas | $4,605 | $10,933 | $36,831 | $109,490 | $211,102 |
| Mc Clave | N/A | N/A | N/A | N/A | N/A |
| Wiley | $12,691 | $19,117 | $35,036 | $297,057 | $532,635 |
Source: Ownwell
Property Tax Bills Across Bent County, Colorado
In Bent County, CO, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value is a percentage of the property's market value. Homeowners in Bent County can expect their property tax bills to vary significantly, depending on the location and value of their homes. For example, the median home price in Bent County is $33,984. Property tax bills can range from the 25th percentile at $80 to the 90th percentile at $2,699. The highest median tax bill is found in La Junta at $788, while the lowest is in Las Animas at $224. These tax bills are influenced by local tax rates, which may be higher or lower than the national median property tax rate of 0.99%. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan their finances accordingly.
Average Bent County Tax Bill
$221
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Bent County, Colorado
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Hasty | $27 | $80 | $90 | $564 | $1,911 |
| La Junta | N/A | N/A | N/A | N/A | N/A |
| Lamar | N/A | N/A | N/A | N/A | N/A |
| Las Animas | $30 | $80 | $224 | $583 | $2,453 |
| Mc Clave | N/A | N/A | N/A | N/A | N/A |
| Wiley | $80 | $80 | $510 | $3,547 | $4,817 |
Source: Ownwell