Cheyenne County, Colorado Property Taxes
The median property tax rate in Cheyenne County is 0.66%, which is higher than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Cheyenne County, the typical annual property tax bill reaches $407, significantly lower than the national median of $2,690. Property taxes in Cheyenne County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Cheyenne County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Cheyenne Wells or another part of Cheyenne County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cheyenne County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$365
$338
Ownwell’s Cheyenne Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Cheyenne with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Cheyenne to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Cheyenne County, Colorado
Property taxes in Cheyenne County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Cheyenne County is 0.66%, which is lower than the U.S. national median of 0.99%. Local government entities within Cheyenne County set these rates annually, and they can vary significantly between different areas within the county. Each year, Cheyenne County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Eads has one of the higher property tax rates in the region at 1.05%, while the city of Kit Carson boasts one of the lowest at 0.55%. Analyzing how Cheyenne County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Cheyenne County Tax Rate
0.66%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cheyenne County, Colorado
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arapahoe | 0.34% | 0.34% | 0.57% | 0.90% | 1.03% |
| Brandon | N/A | N/A | N/A | N/A | N/A |
| Cheyenne Wells | 0.34% | 0.58% | 0.66% | 0.66% | 0.67% |
| Eads | N/A | N/A | N/A | N/A | N/A |
| Haswell | N/A | N/A | N/A | N/A | N/A |
| Kit Carson | 0.54% | 0.55% | 0.55% | 0.82% | 1.02% |
| Wild Horse | 0.43% | 0.43% | 0.62% | 0.88% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Cheyenne County, Colorado
In Cheyenne County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Cheyenne County Appraisal District. The assessed value, however, 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. Assessment notices in Cheyenne County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. The highest median tax bill in the county is in Eads at $958, while the lowest is in Kit Carson at $330. Being aware of these valuation processes in Cheyenne County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Cheyenne County Assessed Value
$55,241
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cheyenne County, Colorado
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arapahoe | $5,442 | $18,422 | $74,098 | $134,597 | $199,172 |
| Brandon | N/A | N/A | N/A | N/A | N/A |
| Cheyenne Wells | $7,172 | $20,618 | $65,054 | $137,467 | $237,261 |
| Eads | N/A | N/A | N/A | N/A | N/A |
| Haswell | N/A | N/A | N/A | N/A | N/A |
| Kit Carson | $5,656 | $14,897 | $42,673 | $88,254 | $135,101 |
| Wild Horse | $5,878 | $13,824 | $36,907 | $81,258 | $141,226 |
Source: Ownwell
Property Tax Bills Across Cheyenne County, Colorado
In Cheyenne County, CO, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. This assessed value is a percentage of the property's market value, and the tax rate is then applied to this assessed value to determine the tax bill. Several factors influence the tax bill, including the property's location, size, and improvements, as well as the specific tax rates set by local government entities. For instance, the median home price in Cheyenne County is $55,241, and property tax bills can vary significantly. The tax bill at the 25th percentile is $182, while at the 75th percentile, it is $783. The 90th percentile sees tax bills as high as $1,404. Among cities in Cheyenne County, Eads has the highest median tax bill at $958, whereas Kit Carson has the lowest at $330. These taxes fund essential services like schools, roads, and public safety, impacting homeowners by contributing to the overall cost of homeownership.
Average Cheyenne County Tax Bill
$407
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Cheyenne County, Colorado
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arapahoe | $49 | $131 | $494 | $1,063 | $1,701 |
| Brandon | N/A | N/A | N/A | N/A | N/A |
| Cheyenne Wells | $68 | $198 | $412 | $772 | $1,430 |
| Eads | N/A | N/A | N/A | N/A | N/A |
| Haswell | N/A | N/A | N/A | N/A | N/A |
| Kit Carson | $56 | $159 | $330 | $614 | $1,110 |
| Wild Horse | $48 | $159 | $392 | $843 | $1,452 |
Source: Ownwell