Cedaredge, Colorado Property Taxes
The median property tax rate in Cedaredge, CO is 0.42%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Cedaredge at $220,417, the typical annual property tax bill amounts to $952, which is well below the national median of $2,690. Property taxes in Cedaredge are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Navigating Cedaredge's property tax system, exploring available exemptions, and identifying potential reductions can lead to substantial annual savings. Whether you're in the heart of Cedaredge or another part of Delta County, understanding the local property tax landscape is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Cedaredge, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.42%
Estimate Property Tax Bill
$926
Ownwell’s Cedaredge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cedaredge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cedaredge 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 Delta County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Cedaredge, Colorado
Property taxes in Cedaredge, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cedaredge is 0.42%, which is significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Cedaredge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cedaredge 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 Cedaredge's effective property tax rate to other counties in Colorado and the national median. For comparison, the zip code 81413 has both the highest and lowest median property tax rate of 0.42%. Understanding how these cities compare with Cedaredge provides valuable insights into the varying tax landscape across Delta County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cedaredge Tax Rate
0.42%
Average Delta County Tax Rate
0.45%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cedaredge, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81413 | 0.27% | 0.42% | 0.42% | 0.47% | 0.47% |
Source: Ownwell
Property Tax Assessment Values Across Cedaredge, Colorado
In Cedaredge, Colorado, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents 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 Delta 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 Cedaredge, 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 Cedaredge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 81413 has the highest and lowest median tax bill, both being $952.
Average Cedaredge Assessed Value
$220,417
Average Delta County Assessed Value
$200,311
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cedaredge, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81413 | $28,929 | $123,832 | $220,417 | $319,286 | $433,347 |
Source: Ownwell
Property Tax Bills Across Cedaredge, Colorado
In Cedaredge, Delta 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 Cedaredge is $220,417. Property taxes are then determined by applying the local tax rate to this assessed value. For homeowners, this means that the amount they owe can vary significantly depending on the value of their property. In Cedaredge, the tax bill at the 25th percentile is $588, while at the 75th percentile, it rises to $1388. For those at the 90th percentile, the tax bill can be as high as $1862. These figures illustrate the range of property tax bills homeowners might encounter. The highest and lowest median tax bills in Cedaredge are both $952, highlighting a relatively uniform distribution of property tax obligations compared to other regions. This system ensures that property taxes are proportionate to the value of the property, impacting homeowners' annual financial planning and budgeting.
Average Cedaredge Tax Bill
$952
Average Delta County Tax Bill
$931
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Cedaredge, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81413 | $363 | $588 | $952 | $1,388 | $1,862 |
Source: Ownwell