Ward, Colorado Property Taxes
The median property tax rate in Ward, CO is 0.46%, considerably lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Ward, the typical annual property tax bill reaches $1,875, significantly below the national median of $2,690. Property taxes in Ward 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 Ward'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 Ward 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
Ward, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.46%
Estimate Property Tax Bill
$2,043
$1,896
Ownwell’s Ward Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ward with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ward 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 Ward, Colorado
Property taxes in Ward, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ward is 0.46%, lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Ward set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ward 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 Ward's effective property tax rate to other counties in Colorado and the national median. For comparison, the 80481 zip code has the highest median property tax rate of 0.46%, while the 80481 zip code also has the lowest median tax rate of 0.46%. Understanding how these cities compare with Ward 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 Ward 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 Ward, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80481 | 0.32% | 0.40% | 0.46% | 0.50% | 0.53% |
Source: Ownwell
Property Tax Assessment Values Across Ward, Colorado
In Ward, 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 Appraisal District 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 Ward, 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 Ward 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 is 80481, both at $1,875.
Average Ward Assessed Value
$444,100
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 Ward, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80481 | $114,580 | $217,076 | $444,100 | $627,325 | $808,730 |
Source: Ownwell
Property Tax Bills Across Ward, Colorado
Property tax bills in Ward, located in Boulder County, CO, are determined by several factors, including the assessed value of the property and the local tax rate. The assessed value is a percentage of the property's market value, which in Ward is influenced by the median home price of $444,100. The local tax rate is applied to this assessed value to calculate the annual tax bill. Homeowners in Ward can expect varying tax bills based on their property's value. For instance, those in the 25th percentile pay around $889, while those in the 75th percentile face bills up to $2,996. At the 90th percentile, tax bills can reach $3,787. These figures highlight the range of property tax burdens within the community. Compared to the national median property tax rate of 0.99%, Ward's tax rates can significantly impact homeowners, especially with the highest and lowest median tax bills both recorded at $1,875 in the zip code 80481. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Ward Tax Bill
$1,875
Average Boulder County Tax Bill
$3,545
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Ward, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80481 | $408 | $889 | $1,875 | $2,996 | $3,787 |
Source: Ownwell