Blackhawk, Colorado Property Taxes
The median property tax rate in Blackhawk, CO is 0.46%, considerably lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Blackhawk at $791,100, the typical annual property tax bill reaches $3,633, surpassing the national median of $2,690. Property taxes in Blackhawk are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Blackhawk'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 Blackhawk 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
Blackhawk, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.46%
Estimate Property Tax Bill
$3,639
$3,377
Ownwell’s Blackhawk Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers a straightforward way to estimate their annual property taxes in Blackhawk using just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Blackhawk to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities with ease. For those interested in more detailed trends at a neighborhood level, additional localized information is available below. The assessed value of your property is determined by the county for tax purposes and includes any applicable exemptions.
Property Tax Rates Across Blackhawk, Colorado
Property taxes in Blackhawk, Colorado, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blackhawk is 0.46%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Blackhawk set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blackhawk 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 Blackhawk's effective property tax rate to other counties in Colorado and the national median. For comparison, the 80422 zip code has both the highest and lowest median property tax rate of 0.46%. Understanding how these cities compare with Blackhawk provides valuable insights into the varying tax landscape across Boulder County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blackhawk Tax Rate
0.46%
Average Boulder County Tax Rate
0.50%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blackhawk, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80422 | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% |
Source: Ownwell
Property Tax Assessment Values Across Blackhawk, Colorado
In Blackhawk, 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 Boulder 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 Blackhawk, 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 Blackhawk helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill in Blackhawk is 80422, with a median tax bill of $3,633.
Average Blackhawk Assessed Value
$791,100
Average Boulder County Assessed Value
$722,900
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blackhawk, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80422 | $791,100 | $791,100 | $791,100 | $791,100 | $791,100 |
Source: Ownwell
Property Tax Bills Across Blackhawk, Colorado
Property tax bills in Blackhawk, Boulder County, CO are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the market value, which is then multiplied by the local tax rate to determine the tax bill. For Blackhawk, the median home price is $791,100, and the typical tax bill is $3,633. This tax bill is consistent across various percentiles, indicating a stable tax structure within the region. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in Blackhawk may find their property tax bills higher than the national median property tax rate of 0.99%, given the high median home price in the area. This can significantly impact homeowners' annual expenses, making it crucial to understand how these taxes are calculated and to explore potential exemptions or appeals to manage costs effectively.
Average Blackhawk Tax Bill
$3,633
Average Boulder County Tax Bill
$3,545
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Blackhawk, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80422 | $3,633 | $3,633 | $3,633 | $3,633 | $3,633 |
Source: Ownwell