Eldorado Springs, Colorado Property Taxes
The median property tax rate in Eldorado Springs, CO is 0.58%, slightly higher than the Colorado state median of 0.55% but below the national median of 0.99%. With a median home value of $706,100, the typical annual property tax bill in Eldorado Springs reaches $4,506, significantly above the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Eldorado Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Eldorado Springs or another part of Boulder County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Eldorado Springs, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.58%
Estimate Property Tax Bill
$4,095
$3,800
Ownwell’s Eldorado Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eldorado Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eldorado Springs 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 Eldorado Springs, Colorado
Property taxes in Eldorado Springs, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eldorado Springs is 0.58%, lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Eldorado Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eldorado Springs 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 Eldorado Springs' effective property tax rate to other counties in Colorado and the national median. For comparison, the zip code 80025 has the highest median property tax rate of 0.58%, while the same zip code also has the lowest median tax rate of 0.58%. Understanding how these cities compare with Eldorado Springs 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 Eldorado Springs Tax Rate
0.58%
Average Boulder County Tax Rate
0.50%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eldorado Springs, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80025 | 0.41% | 0.51% | 0.58% | 0.66% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Eldorado Springs, Colorado
In Eldorado Springs, 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 Eldorado Springs, 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. With a median home price of $706,100, the tax bills vary significantly. For instance, the 25th percentile tax bill is $3,244, while the 75th percentile reaches $6,014, and the 90th percentile goes up to $7,913. 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 Eldorado Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Eldorado Springs, Colorado
Source: Ownwell
$300,922
$923,036
$1,545,150
Average Eldorado Springs Assessed Value
$706,100
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 Eldorado Springs, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80025 | $13,120 | $516,800 | $706,100 | $1,033,900 | $1,333,960 |
Source: Ownwell
Property Tax Bills Across Eldorado Springs, Colorado
In Eldorado Springs, located in Boulder County, CO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Eldorado Springs is $706,100. To determine the tax bill, the assessed value is multiplied by the local tax rate. The median property tax rate in this area is notably lower than the national median of 0.99%. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. Homeowners in Eldorado Springs can expect tax bills that vary widely, with the 25th percentile at $3,244 and the 75th percentile at $6,014. At the higher end, the 90th percentile tax bill reaches $7,913. These property tax bills significantly impact homeowners, affecting their overall housing costs and financial planning. Understanding how these taxes are calculated helps residents anticipate their annual expenses and manage their budgets effectively.
Average Eldorado Springs Tax Bill
$4,506
Average Boulder County Tax Bill
$3,545
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Eldorado Springs, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80025 | $295 | $3,244 | $4,506 | $6,014 | $7,913 |
Source: Ownwell