Las Animas, Colorado Property Taxes
The median property tax rate in LAS ANIMAS, CO is 0.61%, slightly higher than the Colorado state median of 0.55% but lower than the national median of 0.99%. Given the median home value in LAS ANIMAS, the typical annual property tax bill is $224, which is significantly below the national median of $2,690. Property taxes in LAS ANIMAS are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding LAS ANIMAS'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 LAS ANIMAS 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
Las Animas, Colorado Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$1,100
Ownwell’s LAS ANIMAS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LAS ANIMAS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LAS ANIMAS 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 Las Animas, Colorado
Property taxes in Las Animas, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Las Animas is 0.61%, which is lower than the U.S. national median of 0.99%. Local government entities within Las Animas set these rates annually, and they can vary significantly across different neighborhoods. Each year, Las Animas 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 Las Animas's effective property tax rate to other counties in Colorado and the national median. For comparison, the 81054 zip code has both the highest and lowest median property tax rate of 0.61%. Understanding how these cities compare with Las Animas provides valuable insights into the varying tax landscape across Bent County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Las Animas Tax Rate
0.61%
Average Bent County Tax Rate
0.64%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Las Animas, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81054 | 0.28% | 0.43% | 0.61% | 0.96% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Las Animas, Colorado
In Las Animas, 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 Bent 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 Las Animas, 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. The median home price in Las Animas is $36,831, with tax bills ranging significantly. For instance, the 25th percentile tax bill is $80, while the 75th percentile tax bill is $583, and the 90th percentile tax bill reaches $2,453. The zip code with both the highest and lowest median tax bill is 81054, with a median tax bill of $224. 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 Las Animas helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Las Animas Assessed Value
$36,831
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 Las Animas, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81054 | $4,605 | $10,933 | $36,831 | $109,490 | $211,102 |
Source: Ownwell
Property Tax Bills Across Las Animas, Colorado
In LAS ANIMAS, located in Bent County, CO, property tax bills are calculated based on the assessed value of your home, which is a percentage of its market value. The median home price here is $36,831, and the property tax rate is applied to this assessed value to determine your annual tax bill. Various factors, including property size, location, and any applicable exemptions, influence the final tax amount. For homeowners in LAS ANIMAS, the tax bill can vary significantly. The 25th percentile tax bill is around $80, while the 75th percentile reaches $583. At the high end, the 90th percentile tax bill can be as much as $2,453. The median tax bill in the area is $224, which is relatively low compared to the national median property tax rate of 0.99%. Understanding these factors is crucial for homeowners, as property taxes can impact their overall housing costs and financial planning. Accurate assessments and potential exemptions can make a significant difference in the annual tax burden.
Average Las Animas Tax Bill
$224
Average Bent County Tax Bill
$221
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Las Animas, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81054 | $30 | $80 | $224 | $583 | $2,453 |
Source: Ownwell