Dove Creek, Colorado Property Taxes
The median property tax rate in Dove Creek, CO is 0.48%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With a median home value of $63,270 in Dove Creek, the typical annual property tax bill amounts to $427, which is well below the national median of $2,690. Property taxes in Dove Creek are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Dove Creek'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 Dove Creek 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
Dove Creek, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.48%
Estimate Property Tax Bill
$304
Ownwell’s Dove Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dove Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dove Creek 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 Dove Creek, Colorado
Property taxes in Dove Creek, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dove Creek is 0.48%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Dove Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dove Creek 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 Dove Creek's effective property tax rate to other counties in Colorado and the national median. For comparison, the 81324 zip code has both the highest and lowest median property tax rate of 0.48%. Understanding how these cities compare with Dove Creek 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 Dove Creek 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 Dove Creek, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81324 | 0.34% | 0.46% | 0.48% | 0.69% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Dove Creek, Colorado
In Dove Creek, 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 Dove Creek, 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 Dove Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Dove Creek is $63,270, with tax bills ranging from $245 at the 25th percentile to $969 at the 90th percentile. The zip code 81324 has the highest and lowest median tax bill, both at $427.
Average Dove Creek Assessed Value
$63,270
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 Dove Creek, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81324 | $6,432 | $21,239 | $63,270 | $106,681 | $152,625 |
Source: Ownwell
Property Tax Bills Across Dove Creek, Colorado
In Dove Creek, a town in Dolores County, CO, property tax bills are calculated based on the assessed value of your home. The assessed value is determined by the county assessor and represents a percentage of the property's market value. For example, the median home price in Dove Creek is $63,270. Property tax rates are applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including local tax rates and any applicable exemptions. In Dove Creek, the 25th percentile tax bill is $245, while the 75th percentile tax bill reaches $627. The highest median tax bill in the area is $427, which is significantly lower than the national median property tax rate of 0.99%. These property tax bills directly affect homeowners by contributing to the funding of local services such as schools, infrastructure, and emergency services. Lower property tax rates in Dove Creek can make homeownership more affordable, but they also mean that local services may operate with fewer resources.
Average Dove Creek Tax Bill
$427
Average Dolores County Tax Bill
$568
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Dove Creek, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81324 | $142 | $245 | $427 | $627 | $969 |
Source: Ownwell