Manassa, Colorado Property Taxes
The median property tax rate in Manassa, CO is 0.64%, slightly higher than the Colorado state median of 0.55% but still below the national median of 0.99%. With a median home value of $100,254 in Manassa, the typical annual property tax bill amounts to $528, significantly less than the national median of $2,690. Property taxes in Manassa are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Manassa's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to considerable annual savings. Whether you're in the heart of Manassa or another part of Conejos County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Manassa, 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 Manassa Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Manassa with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Manassa 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 Manassa, Colorado
Property taxes in Manassa, Colorado, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Manassa is 0.64%, which is lower than the U.S. national median of 0.99%. Local government entities within Manassa set these rates annually, and they can vary across different neighborhoods. Each year, Manassa 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 Manassa's effective property tax rate to other areas in Colorado and the national median. For comparison, the zip code 81141 has the highest median property tax rate of 0.64%, while the same zip code also has the lowest median tax rate of 0.64%. Understanding how these rates compare with Manassa 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 Manassa Tax Rate
0.64%
Average Conejos County Tax Rate
0.53%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Manassa, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81141 | 0.32% | 0.52% | 0.64% | 0.64% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Manassa, Colorado
In Manassa, 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 Manassa, 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 Manassa helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $528, found in zip code 81141.
Average Manassa Assessed Value
$100,254
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 Manassa, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81141 | $20,327 | $55,375 | $100,254 | $159,356 | $216,697 |
Source: Ownwell
Property Tax Bills Across Manassa, Colorado
In Manassa, located in Conejos County, CO, property tax bills are calculated based on the assessed value of the property, which is a percentage of the market value determined by the county assessor. The tax rate is then applied to this assessed value to determine the annual tax bill. Various factors influence the tax bill, including the property's market value, any applicable exemptions, and the local tax rate. For homeowners in Manassa, the median home price stands at $100,254. Property tax bills can vary significantly, with the 25th percentile at $295, the 75th percentile at $860, and the 90th percentile reaching up to $1,302. This variation means that while some homeowners may pay relatively low property taxes, others could face much higher bills depending on the assessed value of their homes and any exemptions they might qualify for. Compared to the national median property tax rate of 0.99%, Manassa's property tax rates can significantly impact homeowners' annual expenses, making it crucial for residents to understand how their tax bills are determined and what factors influence them.
Average Manassa Tax Bill
$528
Average Conejos County Tax Bill
$545
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Manassa, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81141 | $126 | $295 | $528 | $860 | $1,302 |
Source: Ownwell