Dolores, Colorado Property Taxes
The median property tax rate in Dolores, CO is 0.42%, which is significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With a median home value of $371,263 in Dolores, the typical annual property tax bill amounts to $1,532, well below the national median of $2,690. Property taxes in Dolores are calculated based on the assessed value, which is often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Dolores's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Dolores or another part of the county, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dolores, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.42%
Estimate Property Tax Bill
$1,559
$1,447
Ownwell’s Dolores Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Dolores with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dolores to provide an estimate of your property tax bill. This invaluable tool offers a clear understanding of potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available further down the page. Your property’s assessed value, determined by the county, is crucial for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Dolores, Colorado
Property taxes in Dolores, Colorado, are essential in funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Dolores is 0.42%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Dolores set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dolores 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 Dolores's effective property tax rate to other counties in Colorado and the national median. For comparison, the 81323 zip code has both the highest and lowest median property tax rate of 0.42%. Understanding how these areas compare with Dolores 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 Dolores Tax Rate
0.42%
Average Dolores County Tax Rate
0.48%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dolores, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81323 | 0.40% | 0.40% | 0.42% | 0.42% | 0.42% |
Source: Ownwell
Property Tax Assessment Values Across Dolores, Colorado
In Dolores, 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 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 Dolores, 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 Dolores helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Dolores is $371,263, with the highest and lowest median tax bills both at $1,532 in the 81323 zip code.
Average Dolores Assessed Value
$371,263
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 Dolores, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81323 | $224,968 | $248,768 | $371,263 | $486,895 | $677,489 |
Source: Ownwell
Property Tax Bills Across Dolores, Colorado
Property tax bills in Dolores, CO, are calculated based on the assessed value of a property, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the assessed value, including property size, location, and any improvements made. Homeowners in Dolores face a median home price of $371,263. For those in the 25th percentile, the tax bill is around $1,037, while those in the 75th percentile pay approximately $2,030. At the 90th percentile, the tax bill can reach up to $2,717. This variation highlights how property values and local tax rates impact individual tax obligations. Compared to the national median property tax rate of 0.99%, Dolores homeowners experience a range of tax bills that can significantly affect their annual expenses. Understanding these factors can help homeowners better anticipate their financial responsibilities and plan accordingly.
Average Dolores Tax Bill
$1,532
Average Dolores County Tax Bill
$568
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Dolores, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81323 | $938 | $1,037 | $1,532 | $2,030 | $2,717 |
Source: Ownwell