Louisville, Colorado Property Taxes
The median property tax rate in Louisville, CO is 0.46%, notably lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Louisville at $796,300, the typical annual property tax bill amounts to $3,633, surpassing the national median of $2,690. Property taxes in Louisville are calculated based on the tax-assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Louisville'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 Louisville 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
Louisville, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.46%
Estimate Property Tax Bill
$3,663
Ownwell’s Louisville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Louisville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Louisville 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 Louisville, Colorado
Property taxes in Louisville, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Louisville is 0.46%, which is significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Louisville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Louisville 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 Louisville's effective property tax rate to other counties in Colorado and the national median. For comparison, the zip code 80027 has both the highest and lowest median property tax rate of 0.46%. Understanding how these areas compare with Louisville 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 Louisville 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 Louisville, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80027 | 0.34% | 0.42% | 0.46% | 0.49% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Louisville, Colorado
In Louisville, 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 Louisville, 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 Louisville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $796,300, with annual tax bills ranging from $2,711 at the 25th percentile to $6,382 at the 90th percentile. The zip code 80027 has both the highest and lowest median tax bills at $3,633.
Average Louisville Assessed Value
$796,300
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 Louisville, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80027 | $433,180 | $632,500 | $796,300 | $1,003,500 | $1,260,600 |
Source: Ownwell
Property Tax Bills Across Louisville, Colorado
In Louisville, located in Boulder County, CO, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in Louisville is $796,300. To determine the tax bill, the assessed value is multiplied by the local tax rate. Various factors influence the final tax bill, including property location, size, and any applicable exemptions or deductions. Homeowners in Louisville experience a range of property tax bills. The 25th percentile tax bill is $2,711, while those at the 75th percentile pay around $4,762. At the higher end, the 90th percentile tax bill reaches $6,382. The highest median tax bill in the area is $3,633, which is notably higher than the national median property tax rate of 0.99%. These property taxes significantly impact homeowners, influencing their overall cost of living and potentially affecting their financial planning and real estate decisions. Understanding how these bills are calculated helps homeowners budget more effectively and plan for future expenses.
Average Louisville 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 Louisville, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80027 | $1,413 | $2,711 | $3,633 | $4,762 | $6,382 |
Source: Ownwell