Carbondale, Colorado Property Taxes
The median property tax rate in Carbondale, Colorado is 0.56%, slightly higher than the state median of 0.55% but still below the national median of 0.99%. With a median home value of $619,830 in Carbondale, the typical annual property tax bill is $3,469, which notably surpasses the national median of $2,690. Property taxes in Carbondale are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Carbondale'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 Carbondale 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
Carbondale, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$3,471
$3,221
Ownwell’s Carbondale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Carbondale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carbondale 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 Carbondale, Colorado
Property taxes in Carbondale, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Carbondale is 0.56%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Carbondale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carbondale 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 Carbondale's effective property tax rate to other counties in Colorado and the national median. For comparison, the zip code 81623 has both the highest and lowest median property tax rate of 0.56%. Understanding how these cities compare with Carbondale 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 Carbondale Tax Rate
0.56%
Average Eagle County Tax Rate
0.44%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carbondale, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81623 | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across Carbondale, Colorado
In Carbondale, 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 Assessor's Office 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 Carbondale, 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 Carbondale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Carbondale is $619,830, with tax bills ranging from $1,552 to $5,500. The zip code 81623 has both the highest and lowest median tax bill of $3,469.
Property Tax Assessment Values Across Carbondale, Colorado
Source: Ownwell
$44,100
$1,243,965
$2,443,830
Average Carbondale Assessed Value
$619,830
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 Carbondale, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81623 | $82,420 | $348,360 | $619,830 | $770,000 | $980,472 |
Source: Ownwell
Property Tax Bills Across Carbondale, Colorado
In Carbondale, located in Eagle County, CO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value. Homeowners in Carbondale can expect property tax bills to vary significantly, with the 25th percentile tax bill at approximately $1,552 and the 75th percentile reaching around $4,291. At the higher end, the 90th percentile tax bill can go up to $5,500. Several factors influence these tax bills, including the property's location, size, and any improvements made to it. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local rates. For homeowners, these taxes contribute to essential public services such as schools, infrastructure, and emergency services. Understanding how these factors interplay can help homeowners anticipate their financial obligations and plan accordingly.
Average Carbondale Tax Bill
$3,469
Average Eagle County Tax Bill
$3,388
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Carbondale, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81623 | $468 | $1,552 | $3,469 | $4,291 | $5,500 |
Source: Ownwell