Clear Creek County, Colorado Property Taxes
The median property tax rate in Clear Creek County is 0.54%, which is slightly lower than the Colorado state median of 0.55% and significantly below the national median of 0.99%. With a median home value of $360,990 in Clear Creek County, the typical annual property tax bill is $1,938, considerably less than the national median of $2,690. Property taxes in Clear Creek County are calculated based on the tax assessed value, which is often lower than the actual market value due to various property tax exemptions like primary residence and agricultural exemptions. Understanding Clear Creek 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 Georgetown or another part of Clear Creek County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clear Creek County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.54%
Estimate Property Tax Bill
$1,949
$1,809
Ownwell’s Clear Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Clear Creek with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Clear Creek 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 Clear Creek County, Colorado
Property taxes in Clear Creek County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Clear Creek County is 0.54%, which is lower than the U.S. national median of 0.99%. Local government entities within Clear Creek County set these rates annually, and they can vary significantly between different areas within the county. Each year, Clear Creek 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. The following data compares Clear Creek County's effective property tax rate with other areas and the national median. For comparison, the city of Dumont has one of the higher property tax rates in the region at 0.65%, while the city of Empire boasts one of the lowest at 0.51%. Analyzing how Clear Creek County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Clear Creek County Tax Rate
0.54%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clear Creek County, Colorado
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Dumont | 0.47% | 0.51% | 0.65% | 0.65% | 0.65% |
| Empire | 0.50% | 0.51% | 0.51% | 0.53% | 0.54% |
| Evergreen | 0.46% | 0.51% | 0.55% | 0.56% | 0.56% |
| Georgetown | 0.43% | 0.54% | 0.54% | 0.54% | 0.54% |
| Idaho Springs | 0.40% | 0.51% | 0.52% | 0.52% | 0.68% |
| Silver Plume | 0.51% | 0.51% | 0.58% | 0.58% | 0.58% |
Source: Ownwell
Property Tax Assessment Values Across Clear Creek County, Colorado
In Clear Creek 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 Clear Creek 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 Clear Creek 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. Evergreen has the highest median tax bill at $2,854, while Empire has the lowest at $1,106. Being aware of these valuation processes in Clear Creek County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Clear Creek County, Colorado
Source: Ownwell
$222,300
$380,300
$538,300
Average Clear Creek County Assessed Value
$360,990
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clear Creek County, Colorado
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Dumont | $8,322 | $27,245 | $304,860 | $377,155 | $448,500 |
| Empire | $10,830 | $79,080 | $222,265 | $318,868 | $413,263 |
| Evergreen | $276,634 | $404,210 | $538,300 | $668,450 | $876,612 |
| Georgetown | $174,040 | $224,400 | $345,370 | $409,815 | $477,757 |
| Idaho Springs | $84,263 | $219,605 | $302,960 | $398,380 | $512,234 |
| Silver Plume | $112,822 | $170,520 | $224,450 | $278,920 | $347,776 |
Source: Ownwell
Property Tax Bills Across Clear Creek County, Colorado
In Clear Creek County, CO, property tax bills are calculated based on the assessed value of a home, which is determined by multiplying the market value by the assessment rate. The assessment rate for residential properties in Colorado is currently 7.15%. This assessed value is then multiplied by the local mill levy, which varies by location and funds local services like schools and infrastructure. For example, with a median home price of $360,990, the assessed value would be approximately $25,800. The tax bill can vary significantly across the county, with the 25th percentile paying around $1,261 and the 75th percentile paying up to $2,719. In some areas, such as Evergreen, the median tax bill can be as high as $2,854, while in Empire, it can be as low as $1,106. These property taxes directly impact homeowners by influencing their annual housing costs, potentially affecting their overall financial planning and home affordability.
Average Clear Creek County Tax Bill
$1,938
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Clear Creek County, Colorado
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Dumont | $51 | $321 | $1,728 | $2,267 | $2,764 |
| Empire | $57 | $433 | $1,106 | $1,659 | $2,169 |
| Evergreen | $1,434 | $2,114 | $2,854 | $3,565 | $4,733 |
| Georgetown | $929 | $1,217 | $1,773 | $2,134 | $2,529 |
| Idaho Springs | $458 | $1,086 | $1,593 | $2,142 | $2,717 |
| Silver Plume | $581 | $932 | $1,271 | $1,507 | $1,862 |
Source: Ownwell