Costilla County Property Taxes
The median property tax rate in Costilla County is 0.60%, which is higher than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Costilla County at $81,990, the typical annual property tax bill is $381, significantly lower than the national median of $2,690. Property taxes in Costilla County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Costilla 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 San Luis or another part of Costilla County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Costilla County 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 Costilla County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Costilla County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Costilla County 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 Costilla County, Colorado
Property taxes in Costilla County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Costilla County is 0.60%, which is lower than the U.S. national median of 0.99%. Local government entities within Costilla County set these rates annually, and they can vary significantly between different areas within the county. Each year, Costilla 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 Costilla County's effective property tax rate with other counties in Colorado and the national median. For comparison, the city of Blanca has one of the higher property tax rates in Colorado at 0.61%, while the city of Chama boasts one of the lowest at 0.40%. Analyzing how Costilla County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Costilla County Tax Rate
0.60%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Costilla County, Colorado
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Blanca | 0.37% | 0.60% | 0.61% | 0.71% | 2.76% |
| Chama | 0.40% | 0.40% | 0.40% | 0.54% | 5.41% |
| Fort Garland | 0.38% | 0.60% | 0.60% | 0.62% | 0.65% |
| Garcia | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% |
| Jaroso | N/A | N/A | N/A | N/A | N/A |
| Mesita | 0.23% | 0.28% | 0.38% | 0.38% | 0.38% |
| Sanford | 0.20% | 0.40% | 0.40% | 0.42% | 0.70% |
| San Luis | 0.30% | 0.40% | 0.40% | 0.59% | 1.30% |
| San Pablo | 0.40% | 0.40% | 0.40% | 0.41% | 3.60% |
Source: Ownwell
Property Tax Assessment Values Across Costilla County, Colorado
In Costilla 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 Costilla 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 Costilla 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. For instance, Fort Garland has the highest median tax bill at $620, while Mesita has the lowest at $199. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Costilla County, Colorado
Source: Ownwell
$63,470
$88,327
$113,183
Average Costilla County Assessed Value
$81,990
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Costilla County, Colorado
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Blanca | $3,074 | $17,150 | $72,557 | $119,981 | $204,559 |
| Chama | $1,372 | $6,552 | $63,470 | $101,203 | $157,311 |
| Fort Garland | $16,493 | $67,265 | $113,183 | $179,751 | $251,680 |
| Garcia | $105,531 | $105,531 | $105,531 | $105,531 | $105,531 |
| Jaroso | N/A | N/A | N/A | N/A | N/A |
| Mesita | $25,618 | $54,181 | $101,786 | $103,754 | $104,934 |
| Sanford | $31,110 | $42,463 | $74,347 | $113,520 | $187,164 |
| San Luis | $3,224 | $30,698 | $72,514 | $129,722 | $201,831 |
| San Pablo | $18,159 | $41,209 | $97,920 | $185,876 | $193,510 |
Source: Ownwell
Property Tax Bills Across Costilla County, Colorado
In Costilla County, CO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the home's market value. Various factors influence the final tax bill, including the property's location, size, and improvements. For example, the median home price in Costilla County is $81,990. Homeowners in this county can expect their tax bills to vary significantly, with the 25th percentile paying around $169 and the 75th percentile paying about $716 annually. The 90th percentile reaches up to $1,183. Comparatively, Fort Garland has the highest median tax bill at $620, while Mesita has the lowest at $199. These figures indicate that property taxes in Costilla County can vary widely depending on the specific area and property characteristics. Homeowners must be aware of these factors as they directly impact the amount they owe in property taxes, influencing their overall financial planning and homeownership costs.
Average Costilla County Tax Bill
$381
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Costilla County, Colorado
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Blanca | $38 | $163 | $438 | $722 | $1,256 |
| Chama | $36 | $73 | $257 | $403 | $627 |
| Fort Garland | $140 | $336 | $620 | $1,036 | $1,500 |
| Garcia | $210 | $210 | $210 | $210 | $210 |
| Jaroso | N/A | N/A | N/A | N/A | N/A |
| Mesita | $60 | $112 | $199 | $291 | $346 |
| Sanford | $108 | $148 | $232 | $516 | $1,020 |
| San Luis | $42 | $146 | $293 | $517 | $870 |
| San Pablo | $163 | $167 | $392 | $740 | $770 |
Source: Ownwell