Wild Horse, Colorado Property Taxes
The median property tax rate in Wild Horse, CO is 0.62%, higher than both the national median of 0.99% and the Colorado state median of 0.55%. With a median home value of $36,907 in Wild Horse, the typical annual property tax bill is $392, which is well below the national median of $2,690. Property taxes in Wild Horse are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Wild Horse’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 Wild Horse or another part of Cheyenne County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wild Horse, 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 Wild Horse Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wild Horse with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wild Horse 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 Wild Horse, Colorado
Property taxes in Wild Horse, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wild Horse is 0.62%, which is higher than the Colorado state median of 0.55% but lower than the U.S. national median of 0.99%. Local government entities within Wild Horse set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wild Horse 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 Wild Horse's effective property tax rate to other counties in Colorado and the national median. For comparison, the zip code 80862 has both the highest and lowest median property tax rate of 0.59%. Understanding how these areas compare with Wild Horse provides valuable insights into the varying tax landscape across Cheyenne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wild Horse Tax Rate
0.62%
Average Cheyenne County Tax Rate
0.66%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wild Horse, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80862 | 0.43% | 0.43% | 0.59% | 0.90% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Wild Horse, Colorado
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Wild Horse, Colorado. 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 Cheyenne 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 Wild Horse, 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. For instance, the median home price in Wild Horse is $36,907, with tax bills ranging from $159 at the 25th percentile to $1,452 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 80862, standing at $379. 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 Wild Horse helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Wild Horse Assessed Value
$36,907
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 Wild Horse, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80862 | $5,696 | $13,347 | $36,898 | $80,986 | $124,206 |
Source: Ownwell
Property Tax Bills Across Wild Horse, Colorado
In Wild Horse, located in Cheyenne County, CO, property tax bills are calculated based on the assessed value of a home and the applicable tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value and then applies an assessment rate to arrive at the taxable value. For homeowners in Wild Horse, the median home price stands at $36,907. The property tax rate in this region is influenced by local government budgets and voter-approved measures. Homeowners can expect their tax bills to vary significantly, with the 25th percentile at $159 and the 75th percentile reaching $843. For those at the 90th percentile, tax bills can go up to $1,452. Comparatively, the median property tax bill in Wild Horse is lower than the national median property tax rate of 0.99%. This relatively lower tax burden can make homeownership more affordable, but it also means that local services funded by property taxes may have different levels of resources compared to higher-tax areas.
Average Wild Horse Tax Bill
$392
Average Cheyenne County Tax Bill
$407
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Wild Horse, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80862 | $47 | $143 | $379 | $797 | $1,450 |
Source: Ownwell