Cahone, Colorado Property Taxes
The median property tax rate in Cahone, CO is 0.48%, considerably lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Cahone, the typical annual property tax bill reaches $346, significantly below the national median of $2,690. Property taxes in Cahone are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cahone'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 Cahone or another part of Dolores County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cahone, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.48%
Estimate Property Tax Bill
$351
$326
Ownwell’s Cahone Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Cahone with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cahone 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 Dolores County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Cahone, Colorado
Property taxes in Cahone, Colorado, play an essential role in funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Cahone is 0.48%, which is notably lower than the U.S. national median of 0.99%. Local government entities within Cahone set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cahone 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 Cahone's effective property tax rate to other counties in Colorado and the national median. For comparison, the 81320 zip code has both the highest and lowest median property tax rate in the area, standing at 0.48%. Understanding how these cities compare with Cahone provides valuable insights into the varying tax landscape across Dolores County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cahone Tax Rate
0.48%
Average Dolores County Tax Rate
0.48%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cahone, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81320 | 0.24% | 0.46% | 0.48% | 0.48% | 0.48% |
Source: Ownwell
Property Tax Assessment Values Across Cahone, Colorado
In Cahone, 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 Dolores County Appraisal District 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 Cahone, 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 Cahone helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Cahone are both $346, found in the 81320 zip code.
Average Cahone Assessed Value
$73,105
Average Dolores County Assessed Value
$95,040
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cahone, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81320 | $9,384 | $35,046 | $73,105 | $137,325 | $184,421 |
Source: Ownwell
Property Tax Bills Across Cahone, Colorado
In Cahone, located in Dolores County, CO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in Cahone is $73,105. Property taxes are influenced by the assessed value and the local tax rate. The tax bill can vary significantly; the 25th percentile tax bill is $173, while the 75th percentile reaches $642, and the 90th percentile climbs to $847. This variation is due to differences in property values and any applicable exemptions or deductions. For homeowners, understanding these factors is crucial as they directly impact annual tax obligations. Compared to the national median property tax rate of 0.99%, Cahone's property tax landscape offers a unique perspective on how local assessments and rates can create a range of tax bills. Homeowners in this area benefit from relatively moderate property tax bills, with the highest median tax bill being $346 in the 81320 zip code, illustrating a balanced approach to property taxation in this region.
Average Cahone Tax Bill
$346
Average Dolores County Tax Bill
$568
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Cahone, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81320 | $112 | $173 | $346 | $642 | $847 |
Source: Ownwell