Mesita, Colorado Property Taxes
The median property tax rate in Mesita, CO is 0.38%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Mesita at $101,786, the typical annual property tax bill is $199, well below the national median of $2,690. Property taxes in Mesita are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mesita'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 Mesita 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
Mesita, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.38%
Estimate Property Tax Bill
$387
$359
Ownwell’s Mesita Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mesita with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mesita 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 Mesita, Colorado
Property taxes in Mesita, Colorado, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mesita is 0.38%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Mesita set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mesita 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 Mesita's effective property tax rate to other counties in Colorado and the national median. Understanding how Mesita's tax rates compare with other areas within Costilla County provides valuable insights into the varying tax landscape across the region, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mesita Tax Rate
0.38%
Average Costilla County Tax Rate
0.60%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mesita, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81152 | 0.23% | 0.28% | 0.38% | 0.38% | 0.38% |
Source: Ownwell
Property Tax Assessment Values Across Mesita, Colorado
In Mesita, 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 Mesita, 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. For example, the median home price in Mesita is $101,786, with tax bills ranging from $112 at the 25th percentile to $346 at the 90th percentile. The zip code 81152 has both the highest and lowest median tax bill at $199. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mesita Assessed Value
$101,786
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 Mesita, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81152 | $25,618 | $54,181 | $101,786 | $103,754 | $104,934 |
Source: Ownwell
Property Tax Bills Across Mesita, Colorado
In Mesita, located in Costilla County, CO, property tax bills are calculated based on the assessed value of the property, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate to determine the final tax bill. For instance, with a median home price of $101,786, homeowners can expect their property tax bills to vary significantly. The 25th percentile tax bill is around $112, while the 75th percentile reaches $291, and the 90th percentile can go up to $346. These property taxes fund essential community services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Compared to the national median property tax rate of 0.99%, the rates in Mesita reflect the unique economic and social factors of the region. Understanding these calculations helps homeowners anticipate their financial obligations and plan accordingly.
Average Mesita Tax Bill
$199
Average Costilla County Tax Bill
$381
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Mesita, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81152 | $60 | $112 | $199 | $291 | $346 |
Source: Ownwell