Jamestown, Colorado Property Taxes
The median property tax rate in Jamestown, CO is 0.48%, considerably lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Jamestown at $512,700, the typical annual property tax bill reaches $2,370, slightly below the national median of $2,690. Property taxes in Jamestown 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 Jamestown'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 Jamestown 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
Jamestown, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.48%
Estimate Property Tax Bill
$2,461
$2,284
Ownwell’s Jamestown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jamestown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jamestown 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 Jamestown, Colorado
Property taxes in Jamestown, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jamestown is 0.48%, lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Jamestown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jamestown 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 Jamestown's effective property tax rate to other counties in Colorado and the national median. For comparison, the 80302 zip code has the highest median property tax rate of 0.60%, while the 80455 zip code has the lowest median tax rate of 0.48%. Understanding how these cities compare with Jamestown 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 Jamestown Tax Rate
0.48%
Average Boulder County Tax Rate
0.50%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jamestown, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80302 | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
| 80455 | 0.34% | 0.43% | 0.48% | 0.51% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Jamestown, Colorado
In Jamestown, 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 Jamestown, 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. For instance, the highest median tax bill in Boulder County is $2,376 in the 80455 zip code, while the lowest median tax bill is $1,816 in the 80302 zip code. 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 Jamestown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Jamestown Assessed Value
$512,700
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 Jamestown, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80302 | $300,922 | $300,922 | $300,922 | $300,922 | $300,922 |
| 80455 | $149,521 | $332,675 | $515,650 | $649,800 | $849,700 |
Source: Ownwell
Property Tax Bills Across Jamestown, Colorado
In Jamestown, Boulder County, CO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value, reflecting the property's worth in the current real estate market. Various factors such as property size, location, and improvements can influence the assessed value. The median home price in Jamestown is $512,700, and property tax rates are applied to this assessed value to determine the tax bill. Homeowners in this area see a range of property tax bills, with the 25th percentile at $1,430 and the 75th percentile at $3,189. At the 90th percentile, the tax bill can be as high as $4,049. These figures are compared to the national median property tax rate of 0.99%, highlighting the variation within different regions. For homeowners, understanding these factors is crucial as property taxes represent a significant annual expense, impacting overall housing affordability and long-term financial planning.
Average Jamestown Tax Bill
$2,370
Average Boulder County Tax Bill
$3,545
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Jamestown, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80302 | $1,816 | $1,816 | $1,816 | $1,816 | $1,816 |
| 80455 | $574 | $1,425 | $2,376 | $3,196 | $4,050 |
Source: Ownwell