Avon Area, Colorado Property Taxes
The median property tax rate in the Avon area, CO is 0.44%, significantly lower than both the national median of 0.99% and Colorado's state median of 0.55%. With the median home value in the Avon area at $134,400, the typical annual property tax bill amounts to $593, well below the national median of $2,690. Property taxes in the Avon area 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 the Avon area'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 the Avon area 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
Avon Area, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.44%
Estimate Property Tax Bill
$591
$549
Ownwell’s Avon Area Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Avon Area with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Avon Area 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 Avon Area, Colorado
Property taxes in Avon Area, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Avon Area is 0.44%, which is lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Avon Area set these rates annually, and they can vary significantly across different neighborhoods. Each year, Avon Area 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 Avon Area's effective property tax rate to other counties in Colorado and the national median. For comparison, the highest median property tax rate in the state is in zip code 80111 with a rate of 0.72%, while the lowest median tax rate is in zip code 81620 with a rate of 0.44%. Understanding how these cities compare with Avon Area provides valuable insights into the varying tax landscape across Eagle County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Avon Area Tax Rate
0.44%
Average Eagle County Tax Rate
0.44%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Avon Area, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Avon Area, Colorado
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in the Avon Area, CO. 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 local 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 the Avon Area, 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. For instance, the median home price in the area is $134,400. The tax bill for the 25th percentile is $587, while the 75th percentile sees a tax bill of $2,369, and the 90th percentile reaches $3,627. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Avon Area Assessed Value
$134,400
Average Eagle County Assessed Value
$678,345
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Avon Area, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Avon Area, Colorado
In Avon, situated within Eagle County, CO, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and typically represents a percentage of the property's market value. Homeowners in Avon can expect their property tax bills to vary significantly, reflecting the diverse range of property values in the area. For instance, the 25th percentile tax bill is around $587, while the 75th percentile tax bill can reach up to $2,369. At the higher end, the 90th percentile tax bill is approximately $3,627. These figures indicate that the property tax burden can vary widely depending on the home's assessed value. Compared to the national median property tax rate of 0.99%, homeowners in Avon may find their tax obligations to be relatively moderate or substantial, depending on their specific property. Understanding these factors is crucial for homeowners as they plan their finances and assess the overall cost of homeownership in the Avon area.
Average Avon Area Tax Bill
$593
Average Eagle County Tax Bill
$3,388
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Avon Area, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell