Hartsel, Colorado Property Taxes
The median property tax rate in Hartsell, CO is 0.37%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With a median home value of $399,879 in Hartsell, the typical annual property tax bill is $1,463, which is well below the national median of $2,690. Property taxes in Hartsell are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hartsell'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 Hartsell 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
Hartsel, Colorado Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$1,100
Ownwell’s Hartsell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hartsell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hartsell 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 Hartsel, Colorado
Property taxes in Hartsel, Colorado, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Hartsel is 0.37%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Hartsel set these rates annually, and they can vary substantially across different neighborhoods. Each year, Hartsel 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 Hartsel's effective property tax rate to other counties in Colorado and the national median. For comparison, the highest median property tax rate in Colorado is found in 80301 at 0.72%, while the lowest median tax rate is in 81101 at 0.21%. Understanding how these cities compare with Hartsel provides valuable insights into the varying tax landscape across Chaffee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hartsel Tax Rate
0.37%
Average Chaffee County Tax Rate
0.36%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hartsel, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80449 | 0.37% | 0.37% | 0.37% | 0.37% | 0.37% |
Source: Ownwell
Property Tax Assessment Values Across Hartsel, Colorado
In Hartsel, 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 Chaffee 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 Hartsel, 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 Hartsel helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Hartsel are both $1,463, with the zip code 80449 reflecting these values.
Average Hartsel Assessed Value
$399,879
Average Chaffee County Assessed Value
$418,760
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hartsel, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80449 | $399,879 | $399,879 | $399,879 | $399,879 | $399,879 |
Source: Ownwell
Property Tax Bills Across Hartsel, Colorado
In Hartsell, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is a percentage of the property's market value. For homeowners in Hartsell, the median home price is $399,879. The property tax rate in Hartsell's county is 0.37%, which is significantly lower than the national median property tax rate of 0.99%. To determine the tax bill, the assessed value is multiplied by the local tax rate. In this case, homeowners can expect a median property tax bill of $1,463. This amount is consistent across the 25th, 75th, and 90th percentiles, indicating a uniform tax rate application. For homeowners, understanding these factors is crucial as it impacts their annual financial planning and the overall affordability of their property. Lower property taxes can make Hartsell an attractive location for potential buyers looking for reasonable tax rates compared to other areas in the nation.
Average Hartsel Tax Bill
$1,463
Average Chaffee County Tax Bill
$1,497
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Hartsel, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80449 | $1,463 | $1,463 | $1,463 | $1,463 | $1,463 |
Source: Ownwell