Ordway, Colorado Property Taxes
The median property tax rate in Ordway, CO is 0.65%, which is lower than the national median of 0.99% but higher than Colorado's state median of 0.55%. With the median home value in Ordway at $63,176, the typical annual property tax bill is $370, well below the national median of $2,690. Property taxes in Ordway are calculated based on the tax assessed value, which generally falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Ordway'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 Ordway or another part of Crowley County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ordway, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$411
$381
Ownwell’s Ordway Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ordway with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ordway 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 Ordway, Colorado
Property taxes in Ordway, Colorado, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ordway is 0.65%, which is lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Ordway set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ordway 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 Ordway's effective property tax rate to other counties in Colorado and the national median. For comparison, the 81063 zip code has the highest median property tax rate of 0.65%, while the same 81063 zip code also has the lowest median tax rate of 0.65%. Understanding how these cities compare with Ordway 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 Ordway Tax Rate
0.65%
Average Crowley County Tax Rate
0.57%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ordway, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81063 | 0.33% | 0.47% | 0.65% | 0.65% | 0.67% |
Source: Ownwell
Property Tax Assessment Values Across Ordway, Colorado
In Ordway, 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 Ordway, 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 instance, the median home price in Ordway is $63,176, with tax bills ranging from $243 at the 25th percentile to $865 at the 90th percentile. 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 Ordway helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ordway Assessed Value
$63,176
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 Ordway, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81063 | $21,754 | $42,275 | $63,176 | $100,884 | $138,946 |
Source: Ownwell
Property Tax Bills Across Ordway, Colorado
In Ordway, located in Crowley County, CO, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in Ordway is $63,176. To determine the tax bill, the assessed value is multiplied by the local tax rate, which varies within the county. Homeowners in this area can expect tax bills that range significantly depending on their property's assessed value and the specific tax rate applied. For instance, the 25th percentile of tax bills is around $243, while the 75th percentile reaches up to $588. At the 90th percentile, homeowners might see tax bills as high as $865. The highest median tax bill recorded in the area is $370, which is consistent across the zip code 81063. These figures highlight how property taxes can vary widely, impacting homeowners differently based on their property’s value and location within the county. Understanding these factors is crucial for homeowners to anticipate their annual tax obligations accurately.
Average Ordway Tax Bill
$370
Average Crowley County Tax Bill
$347
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Ordway, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81063 | $133 | $243 | $370 | $588 | $865 |
Source: Ownwell