El Jebel, Colorado Property Taxes
The median property tax rate in El Jebel, CO is 0.56%, slightly higher than the Colorado state median of 0.55% but still below the national median of 0.99%. With the median home value in El Jebel at $161,930, the typical annual property tax bill amounts to $907, which is significantly lower than the national median of $2,690. Property taxes in El Jebel are calculated based on the tax assessed value, which is often less than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding El Jebel'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 El Jebel or another part of Eagle County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
El Jebel, 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 EL JEBEL Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in EL JEBEL with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in EL JEBEL 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 El Jebel, Colorado
Property taxes in El Jebel, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in El Jebel is 0.56%, which is lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within El Jebel set these rates annually, and they can vary significantly across different neighborhoods. Each year, El Jebel 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 El Jebel's effective property tax rate to other counties in Colorado and the national median. For comparison, the zip code 81623 has the highest median property tax rate of 0.56%, while the same zip code also has the lowest median tax rate of 0.56%. Understanding how these cities compare with El Jebel 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 El Jebel 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 El Jebel, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81621 | N/A | N/A | N/A | N/A | N/A |
| 81623 | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across El Jebel, Colorado
In El Jebel, 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 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. Assessment notices in El Jebel 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 El Jebel helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills both occur in the 81623 zip code, with a value of $907.
Average El Jebel Assessed Value
$161,930
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 El Jebel, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81621 | N/A | N/A | N/A | N/A | N/A |
| 81623 | $132,904 | $161,930 | $161,930 | $161,930 | $161,930 |
Source: Ownwell
Property Tax Bills Across El Jebel, Colorado
In El Jebel, located in Eagle County, CO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in this area is $161,930. Homeowners in El Jebel can expect a median property tax bill of $907, which is significantly lower than the national median property tax rate of 0.99%. This tax bill is determined by multiplying the assessed value by the local tax rate, which varies based on the county's budgetary needs and voter-approved measures. Several factors influence the final tax bill, including the property's location, its assessed value, and any applicable exemptions or deductions. For homeowners, these taxes fund essential public services such as schools, emergency services, and infrastructure maintenance. Understanding how property tax bills are calculated can help homeowners anticipate their annual expenses and plan accordingly. With the median tax bill standing at $907, El Jebel offers a relatively affordable property tax environment compared to many other parts of the country.
Average El Jebel Tax Bill
$907
Average Eagle County Tax Bill
$3,388
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across El Jebel, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81621 | N/A | N/A | N/A | N/A | N/A |
| 81623 | $745 | $907 | $907 | $907 | $907 |
Source: Ownwell