Lyons, Colorado Property Taxes
The median property tax rate in Lyons, CO is 0.54%, slightly lower than the Colorado state median of 0.55% and significantly below the national median of 0.99%. With the median home value in Lyons at $733,400, the typical annual property tax bill reaches $4,012, far exceeding the national median of $2,690. Property taxes in Lyons are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lyons' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Lyons or another part of Boulder County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lyons, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.54%
Estimate Property Tax Bill
$3,960
$3,675
Ownwell’s Lyons Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lyons. By entering your property's estimated assessed value, the calculator uses the median tax rate in Lyons to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities and make informed financial decisions. For those interested in neighborhood-level trends, more localized information is available below. Your property's assessed value, determined by Boulder County, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Lyons, Colorado
Property taxes in Lyons, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lyons is 0.54%, which is lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Lyons set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lyons 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 Lyons' effective property tax rate to other counties in Colorado and the national median. For comparison, the 80540 zip code has the highest median property tax rate of 0.54%, while the same zip code also has the lowest median tax rate of 0.54%. Understanding how these cities compare with Lyons 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 Lyons Tax Rate
0.54%
Average Boulder County Tax Rate
0.50%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lyons, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80540 | 0.35% | 0.47% | 0.54% | 0.62% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Lyons, Colorado
In Lyons, 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’s Office 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 Lyons, 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 Lyons helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Lyons is 80540, with a median tax bill of $4,013.
Average Lyons Assessed Value
$733,400
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 Lyons, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80540 | $303,458 | $505,875 | $733,600 | $990,325 | $1,162,050 |
Source: Ownwell
Property Tax Bills Across Lyons, Colorado
In Lyons, Boulder County, CO, property tax bills are determined by assessing the market value of a home and applying the county's tax rate. The median home price in Lyons is $733,400, and property taxes are calculated based on this assessed value. The tax rate in Boulder County is applied to the assessed value to determine the annual tax bill. Homeowners in Lyons can expect their property tax bills to vary significantly, with the 25th percentile tax bill being $2,259 and the 75th percentile tax bill reaching $5,743. For those in the 90th percentile, the tax bill can go up to $7,128. These figures show that property taxes in Lyons can be a substantial financial consideration for homeowners. The highest and lowest median tax bills are both $4,013 in the 80540 zip code, reflecting the uniformity in tax assessments within this area. Compared to the national median property tax rate of 0.99%, homeowners in Lyons experience a range of tax bills that can impact their overall cost of homeownership.
Average Lyons Tax Bill
$4,012
Average Boulder County Tax Bill
$3,545
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Lyons, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80540 | $1,373 | $2,263 | $4,013 | $5,746 | $7,129 |
Source: Ownwell