Bond Area, Colorado Property Taxes
The median property tax rate in Bond Area, CO is 0.32%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With a median home value in Bond Area of $38,870, the typical annual property tax bill is just $126, well below the national median of $2,690. Property taxes in Bond Area 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 Bond Area'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 Bond Area or another part of Eagle County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bond Area, Colorado Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$1,100
Ownwell’s Bond Area Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Bond Area with just two data points. By entering your property's estimated assessed value, the calculator utilizes the median tax rate in Bond Area to provide an estimated property tax bill. This valuable tool aids in understanding potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available by scrolling down. Your property’s assessed value is the value assigned by Eagle County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Bond Area, Colorado
Property taxes in Bond 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 Bond Area is 0.32%, significantly lower than both the Colorado state median of 0.51% and the U.S. national median of 0.99%. Local government entities within Bond Area set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bond 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 Bond Area's effective property tax rate to other counties in Colorado and the national median. For comparison, the 81631 zip code has the highest median property tax rate of 0.51%, while the 80425 zip code has the lowest median tax rate of 0.32%. Understanding how these cities compare with Bond 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 Bond Area Tax Rate
0.32%
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 Area, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Bond Area, Colorado
In the Bond Area, 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 the Bond 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. The median home price in the area is $38,870, with tax bills ranging from $83 at the 25th percentile to $1,681 at the 90th percentile. 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 the Bond Area helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bond Area Assessed Value
$38,870
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 Area, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Bond Area, Colorado
In the Bond area of Eagle County, CO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in this area experience a range of property tax bills, influenced by factors such as the property's location, size, and market conditions. The median home price in Bond is $38,870, which is significantly lower than the national median. Property tax bills in this region vary widely, with the 25th percentile at $83, the 75th percentile at $1,098, and the 90th percentile reaching $1,681. These figures indicate that while some homeowners pay relatively low property taxes, others face higher bills depending on their property's assessed value. The property tax rate in Eagle County is influenced by local government budgets and funding needs, which can affect the overall tax burden on homeowners. Understanding these factors can help homeowners anticipate and manage their property tax obligations more effectively.
Average Bond Area Tax Bill
$126
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 Area, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell