Conejos, Colorado Property Taxes
The median property tax rate in Conejos, CO is 0.53%, notably lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Conejos at $88,938, the typical annual property tax bill is $474, significantly below the national median of $2,690. Property taxes in Conejos are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Conejos'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 Conejos 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
Conejos, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$471
Ownwell’s Conejos Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Conejos with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Conejos 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 Conejos, Colorado
Property taxes in Conejos, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Conejos is 0.53%, lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Conejos set these rates annually, and they can vary significantly across different neighborhoods. Each year, Conejos 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 Conejos's effective property tax rate to other counties in Colorado and the national median. For comparison, the 81129 zip code has both the highest and lowest median property tax rate of 0.53%. Understanding how these cities compare with Conejos provides valuable insights into the varying tax landscape across Conejos, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Conejos Tax Rate
0.53%
Average Conejos County Tax Rate
0.53%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Conejos, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81129 | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% |
Source: Ownwell
Property Tax Assessment Values Across Conejos, Colorado
In Conejos, 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 local appraisal authorities 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 Conejos, 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 Conejos helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 81129 has the highest median tax bill at $474.00, while the lowest is also $474.00.
Average Conejos Assessed Value
$88,938
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 Conejos, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81129 | $32,090 | $35,280 | $88,938 | $121,034 | $148,656 |
Source: Ownwell
Property Tax Bills Across Conejos, Colorado
In Conejos, CO, property tax bills are calculated based on the assessed value of a home and the local 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. Homeowners in Conejos can expect their property tax bills to vary significantly. For instance, the median home price in Conejos is $88,938, and tax bills range from $188 at the 25th percentile to $793 at the 90th percentile. The highest median tax bill in the area is $474, found in the 81129 zip code. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the final tax bill. Compared to the national median property tax rate of 0.99%, Conejos residents may find their tax rates to be relatively manageable. Understanding these factors can help homeowners budget effectively and anticipate their annual property tax obligations.
Average Conejos Tax Bill
$474
Average Conejos County Tax Bill
$545
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Conejos, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81129 | $171 | $188 | $474 | $645 | $793 |
Source: Ownwell