Sedalia, Colorado Property Taxes
The median property tax rate in Sedalia, CO is 0.57%, slightly higher than the Colorado state median of 0.55% but lower than the national median of 0.99%. With a median home value of $655,435, the typical annual property tax bill in Sedalia reaches $3,573, surpassing the national median of $2,690. Property taxes in Sedalia are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Sedalia'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 Sedalia or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sedalia, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.57%
Estimate Property Tax Bill
$3,736
$3,467
Ownwell’s Sedalia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sedalia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sedalia 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 Sedalia, Colorado
Property taxes in Sedalia, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sedalia is 0.57%, which is lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Sedalia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sedalia 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 Sedalia's effective property tax rate to other counties in Colorado and the national median. For comparison, the 80135 zip code has the highest median property tax rate of 0.57%, while the same 80135 zip code also has the lowest median tax rate of 0.57%. Understanding how these cities compare with Sedalia provides valuable insights into the varying tax landscape across Douglas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sedalia Tax Rate
0.57%
Average Douglas County Tax Rate
0.64%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sedalia, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80135 | 0.48% | 0.53% | 0.57% | 0.57% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Sedalia, Colorado
In Sedalia, 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 Douglas 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 Sedalia, 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 Sedalia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 80135, with a median tax bill of $3,573.
Average Sedalia Assessed Value
$655,435
Average Douglas County Assessed Value
$496,355
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sedalia, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80135 | $203,139 | $412,180 | $655,435 | $808,731 | $1,187,288 |
Source: Ownwell
Property Tax Bills Across Sedalia, Colorado
In Sedalia, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For homeowners in Sedalia, the median home price stands at $655,435. The property tax rate in Douglas County, where Sedalia is located, plays a crucial role in determining the final tax bill. Factors such as the home's assessed value, any applicable exemptions, and the local tax rate are all considered. For example, homeowners in Sedalia can expect a wide range of property tax bills. At the 25th percentile, the tax bill is around $2,285, while at the 75th percentile, it rises to about $4,584. For those in the 90th percentile, the tax bill can reach up to $6,982. The highest median tax bill in the area is $3,573, found in the 80135 zip code. These property tax bills impact homeowners by influencing their overall housing costs and financial planning.
Average Sedalia Tax Bill
$3,573
Average Douglas County Tax Bill
$3,328
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Sedalia, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80135 | $1,066 | $2,285 | $3,573 | $4,584 | $6,982 |
Source: Ownwell