Unincorporated, Colorado Property Taxes
The median property tax rate in UNINCORPORATED, CO is 0.45%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With a median home value of $217,400, the typical annual property tax bill in UNINCORPORATED amounts to $875, well below the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding UNINCORPORATED's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of UNINCORPORATED 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
Unincorporated, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.45%
Estimate Property Tax Bill
$978
$908
Ownwell’s UNINCORPORATED Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in UNINCORPORATED with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in UNINCORPORATED 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 Unincorporated, Colorado
Property taxes in UNINCORPORATED, Colorado, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in UNINCORPORATED is 0.45%, which is lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within UNINCORPORATED set these rates annually, and they can vary significantly across different neighborhoods. Each year, UNINCORPORATED 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 UNINCORPORATED's effective property tax rate to other counties in Colorado and the national median. Understanding how these cities compare with UNINCORPORATED 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 Unincorporated Tax Rate
0.45%
Average Boulder County Tax Rate
0.50%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Unincorporated, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Unincorporated, Colorado
In Unincorporated, 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 Unincorporated, 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 Unincorporated helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $217,400, with annual tax bills ranging from $350 at the 25th percentile to $3,685 at the 90th percentile.
Property Tax Assessment Values Across Unincorporated, Colorado
Source: Ownwell
$300,922
$923,036
$1,545,150
Average Unincorporated Assessed Value
$217,400
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 Unincorporated, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Unincorporated, Colorado
In Unincorporated Boulder County, CO, property tax bills are calculated based on the assessed value of your home, which is a percentage of its market value. For instance, the median home price in this area is $217,400. Property taxes are then determined by applying the local tax rate to this assessed value. The local tax rate can vary, but it is important to note that Colorado's property tax rates tend to be lower than the national median of 0.99%. Several factors influence your tax bill, including the property's location, market conditions, and any applicable exemptions. For example, tax bills in Unincorporated Boulder County range significantly, with the 25th percentile paying around $350 and the 75th percentile paying up to $2,137. At the higher end, the 90th percentile faces bills nearing $3,685. These property taxes impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, making it essential to understand how your tax bill is calculated and what factors may affect it.
Average Unincorporated Tax Bill
$875
Average Boulder County Tax Bill
$3,545
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Unincorporated, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell