Fowler, Colorado Property Taxes
The median property tax rate in Fowler, CO is 0.60%, which is lower than the national median of 0.99% but slightly higher than the Colorado state median of 0.55%. With the median home value in Fowler at $88,575, the typical annual property tax bill is $469, significantly below the national median of $2,690. Property taxes in Fowler are calculated based on the assessed value, which is often lower than the market value due to exemptions such as primary residence and agricultural exemptions. By understanding Fowler's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve notable annual savings. Whether you're in the heart of Fowler or another part of Crowley County, gaining insights into the local property tax system is beneficial.
Last Updated June 14, 2024
Fowler, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$531
Ownwell’s Fowler Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fowler with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fowler 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 Fowler, Colorado
Property taxes in Fowler, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fowler is 0.60%, lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Fowler set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fowler 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 Fowler's effective property tax rate to other counties in Colorado and the national median. For comparison, the zip code 81039 has both the highest and lowest median property tax rate of 0.60%, showcasing the consistency within this region. Understanding how these cities compare with Fowler provides valuable insights into the varying tax landscape across Crowley County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fowler Tax Rate
0.60%
Average Crowley County Tax Rate
0.57%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fowler, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81039 | 0.20% | 0.39% | 0.60% | 0.65% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Fowler, Colorado
In Fowler, 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 Crowley 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 Fowler, 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 Fowler helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 81039 has both the highest and lowest median tax bill, valued at $469.
Average Fowler Assessed Value
$88,575
Average Crowley County Assessed Value
$64,606
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fowler, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81039 | $21,312 | $54,362 | $88,575 | $124,121 | $201,030 |
Source: Ownwell
Property Tax Bills Across Fowler, Colorado
In Fowler, Crowley County, CO, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value is a percentage of the property's market value. In this region, the median home price is $88,575. The property 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 location, size, and any improvements made. In Fowler, the 25th percentile tax bill is $275, while the 75th percentile tax bill reaches $839. The 90th percentile tax bill can go up to $1,434, reflecting the diversity in property values and characteristics within the area. For homeowners, these tax bills represent a significant annual expense, impacting their overall cost of living. Compared to the national median property tax rate of 0.99%, Fowler's property taxes can be relatively manageable, making it an attractive option for those looking to balance affordability with homeownership.
Average Fowler Tax Bill
$469
Average Crowley County Tax Bill
$347
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Fowler, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81039 | $92 | $275 | $469 | $839 | $1,434 |
Source: Ownwell