Superior, Colorado Property Taxes
The median property tax rate in Superior, CO is 0.51%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With a median home value of $829,600 in Superior, the typical annual property tax bill reaches $4,334, surpassing the national median of $2,690. Property taxes in Superior are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, including primary residence and agricultural exemptions. Understanding Superior'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 Superior 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
Superior, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.51%
Estimate Property Tax Bill
$4,231
Ownwell’s Superior Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Superior with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Superior 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 Superior, Colorado
Property taxes in Superior, Colorado, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Superior is 0.51%, which is notably lower than the U.S. national median of 0.99%. Local government entities within Superior set these rates annually, and they can vary significantly across different neighborhoods. Each year, Superior 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 Superior's effective property tax rate to other counties in Colorado and the national median. For comparison, the zip code 80027 has the highest median property tax rate of 0.51%, while the same zip code also has the lowest median tax rate of 0.51%. Understanding how these cities compare with Superior 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 Superior Tax Rate
0.51%
Average Boulder County Tax Rate
0.50%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Superior, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80027 | 0.33% | 0.48% | 0.51% | 0.54% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Superior, Colorado
In Superior, 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 Superior, 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. In Boulder County, the median home price is $829,600. The 25th percentile tax bill is $3,003, while the 75th percentile tax bill is $5,612, and the 90th percentile tax bill is $6,719. The highest and lowest median tax bills are both $4,334, found in zip code 80027. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Superior Assessed Value
$829,600
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 Superior, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80027 | $331,367 | $579,400 | $829,900 | $1,041,100 | $1,253,620 |
Source: Ownwell
Property Tax Bills Across Superior, Colorado
In Superior, Boulder County, CO, property tax bills are calculated based on the property's assessed value, which is a percentage of its market value. The median home price in Superior is $829,600. Homeowners in this area can expect their tax bills to vary significantly, with the 25th percentile tax bill at $3,003 and the 75th percentile at $5,612. The 90th percentile tax bill can reach up to $6,719. Factors influencing these tax bills include the property's assessed value, local tax rates, and any applicable exemptions or deductions. The highest and lowest median tax bills in the area are both $4,334, indicating some consistency in property tax assessments within the zip code 80027. Compared to the national median property tax rate of 0.99%, Superior's property tax bills reflect the higher market values and local tax rates, impacting homeowners by requiring them to budget more for annual property taxes.
Average Superior Tax Bill
$4,334
Average Boulder County Tax Bill
$3,545
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Superior, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80027 | $1,540 | $3,003 | $4,334 | $5,612 | $6,719 |
Source: Ownwell