Blanca, Costilla County, Colorado Property Taxes
The median property tax rate in Blanca, CO is 0.61%, slightly higher than the Colorado state median of 0.55% but still below the national median of 0.99%. With the median home value in Blanca at $72,557, the typical annual property tax bill amounts to $438, significantly less than the national median of $2,690. Property taxes in Blanca are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as the primary residence and agricultural exemptions. Understanding Blanca'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 Blanca or another part of Costilla County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Blanca, Costilla County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$443
$411
Ownwell’s Blanca Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blanca with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blanca 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 Blanca, Costilla County, Colorado
Property taxes in Blanca, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blanca is 0.61%, lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Blanca set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blanca 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 Blanca's effective property tax rate to other counties in Colorado and the national median. For comparison, the 81123 zip code has the highest median property tax rate of 0.61%, while the same zip code also has the lowest median tax rate of 0.61%. Understanding how these cities compare with Blanca provides valuable insights into the varying tax landscape across Costilla County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blanca Tax Rate
0.61%
Average Costilla County Tax Rate
0.60%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blanca, Costilla County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81123 | 0.37% | 0.60% | 0.61% | 0.71% | 2.76% |
Source: Ownwell
Property Tax Assessment Values Across Blanca, Costilla County, Colorado
In Blanca, 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 Costilla 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 Blanca, 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 Blanca helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Blanca is $72,557, with property tax bills ranging from $163 at the 25th percentile to $1,256 at the 90th percentile. The zip code 81123 has the highest and lowest median tax bill at $438.
Property Tax Assessment Values Across Blanca, Costilla County, Colorado
Source: Ownwell
$63,470
$88,327
$113,183
Average Blanca Assessed Value
$72,557
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 Blanca, Costilla County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81123 | $3,074 | $17,150 | $72,557 | $119,981 | $204,559 |
Source: Ownwell
Property Tax Bills Across Blanca, Costilla County, Colorado
In Blanca, Costilla County, CO, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor's office. The assessed value is a percentage of the property's market value, reflecting current real estate trends. For instance, with a median home price of $72,557, homeowners can expect their tax bills to vary significantly depending on their property's specifics and location within the county. The tax bill itself is influenced by several factors, including the local tax rate and any applicable exemptions. In Costilla County, the tax bills range widely, with the 25th percentile at $163 and the 75th percentile at $722, indicating a substantial variance based on property characteristics and assessment outcomes. The highest median tax bill in the area is $438, found in zip code 81123. Compared to the national median property tax rate of 0.99%, Blanca's tax rates can be relatively modest, which can be beneficial for homeowners looking to manage their expenses. This variability underscores the importance of understanding local property tax regulations and potential exemptions.
Average Blanca Tax Bill
$438
Average Costilla County Tax Bill
$381
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Blanca, Costilla County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81123 | $38 | $163 | $438 | $722 | $1,256 |
Source: Ownwell