Bond, Colorado Property Taxes
The median property tax rate in Bond, CO is 0.33%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Bond, the typical annual property tax bill amounts to $154, far below the national median of $2,690. Property taxes in Bond are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bond'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 Bond 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
Bond, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.33%
Estimate Property Tax Bill
$146
$135
Ownwell’s Bond Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bond with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bond 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 Bond, Colorado
Property taxes in Bond, Colorado, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Bond is 0.33%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Bond set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bond 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 Bond's effective property tax rate to other counties in Colorado and the national median. For comparison, the highest median property tax rate in Colorado is found in some areas, while other regions have rates as low as 0.33%. Understanding how these cities compare with Bond 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 Bond Tax Rate
0.33%
Average Eagle County Tax Rate
0.44%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bond, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80423 | 0.32% | 0.32% | 0.33% | 0.33% | 0.37% |
Source: Ownwell
Property Tax Assessment Values Across Bond, Colorado
In Bond, 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 Eagle 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 Bond, 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 Bond helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 80423, with a median tax bill of $154.00.
Average Bond Assessed Value
$44,100
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 Bond, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80423 | $15,243 | $20,258 | $44,100 | $244,290 | $428,288 |
Source: Ownwell
Property Tax Bills Across Bond, Colorado
In Bond, located in Eagle County, CO, property tax bills are calculated based on the assessed value of a homeowner's property. The assessed value is a percentage of the market value determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For example, in Bond, the median home price is $44,100. Homeowners can expect their tax bills to vary significantly. At the 25th percentile, the tax bill is about $74, while at the 75th percentile, it can rise to $837. For those at the 90th percentile, the tax bill can be as high as $1,761. These tax rates and assessed values directly impact homeowners by determining their annual financial obligations for property taxes. Compared to the national median property tax rate of 0.99%, Bond's tax rates can offer a range of financial expectations, affecting household budgets and financial planning.
Average Bond Tax Bill
$154
Average Eagle County Tax Bill
$3,388
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Bond, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80423 | $59 | $74 | $154 | $837 | $1,761 |
Source: Ownwell