Capulin, Colorado Property Taxes
The median property tax rate in Capulin, CO is 0.49%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Capulin at $253,849, the typical annual property tax bill is $1,255, well below the national median of $2,690. Property taxes in Capulin are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Capulin's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Capulin or another part of Conejos County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Capulin, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$1,244
$1,154
Ownwell’s Capulin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Capulin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Capulin 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 Capulin, Colorado
Property taxes in Capulin, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Capulin is 0.49%, lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Capulin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Capulin 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 Capulin's effective property tax rate to other counties in Colorado and the national median. For comparison, the 81124 zip code has the highest median property tax rate of 0.49%, while the 81124 zip code also has the lowest median tax rate of 0.49%. Understanding how these cities compare with Capulin provides valuable insights into the varying tax landscape across Conejos County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Capulin Tax Rate
0.49%
Average Conejos County Tax Rate
0.53%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Capulin, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81124 | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
Source: Ownwell
Property Tax Assessment Values Across Capulin, Colorado
In Capulin, 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 Conejos 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 Capulin, 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. The median home price in Capulin is $253,849, with the highest and lowest median tax bills both being $1,255 in the 81124 zip code. 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 Capulin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Capulin Assessed Value
$253,849
Average Conejos County Assessed Value
$89,150
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Capulin, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81124 | $253,849 | $253,849 | $253,849 | $253,849 | $253,849 |
Source: Ownwell
Property Tax Bills Across Capulin, Colorado
In Capulin, Conejos County, CO, 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 market value of the home. For instance, if the median home price is $253,849, the assessed value will be a fraction of this amount, as determined by state law. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. The tax rate in Conejos County is competitive when compared to the national median property tax rate of 0.99%. Homeowners in Capulin can expect a median tax bill of approximately $1,255. This amount remains consistent across various percentiles, indicating a stable tax environment. Factors influencing the tax bill include property improvements, changes in market conditions, and local government budget requirements. For homeowners, understanding these elements is crucial as they directly impact annual property tax obligations, influencing overall housing affordability and long-term financial planning.
Average Capulin Tax Bill
$1,255
Average Conejos County Tax Bill
$545
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Capulin, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81124 | $1,255 | $1,255 | $1,255 | $1,255 | $1,255 |
Source: Ownwell