El Jebel Area, Colorado Property Taxes
The median property tax rate in the El Jebel area, CO is 0.56%, slightly higher than the Colorado state median of 0.55% but lower than the national median of 0.99%. With a median home value of $591,010, the typical annual property tax bill reaches $3,891, significantly exceeding the national median of $2,690. Property taxes in the El Jebel area are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding the El Jebel 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 El Jebel area 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 Area, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$3,310
Ownwell’s El Jebel Area Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in the El Jebel Area. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in the region to provide an accurate estimate of your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities, helping you plan your finances more effectively. For those interested in more detailed information, you can explore trends on a neighborhood level by scrolling down. Your property’s assessed value is determined by Eagle County for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across El Jebel Area, Colorado
Property taxes in El Jebel 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 El Jebel Area 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 Area set these rates annually, and they can vary significantly across different neighborhoods. Each year, El Jebel 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 El Jebel Area'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 0.63%, while the lowest median tax rate is 0.51%. Understanding how these cities compare with El Jebel 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 El Jebel Area 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 Area, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across El Jebel Area, Colorado
In the El Jebel area of Eagle County, Colorado, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 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. In the El Jebel 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 25th percentile tax bill is around $1,396, while the 75th percentile tax bill reaches approximately $5,174. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across El Jebel Area, Colorado
Source: Ownwell
$44,100
$1,243,965
$2,443,830
Average El Jebel Area Assessed Value
$591,010
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 Area, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across El Jebel Area, Colorado
In the El Jebel area of Eagle County, CO, property tax bills are calculated based on the assessed value of a property, typically a percentage of its market value. Homeowners in this region can expect their tax bill to be influenced by several factors, including the local tax rate and the specific assessed value of their property. The national median property tax rate is 0.99%, but local rates can vary. For instance, a median home price in El Jebel is around $591,010. Depending on various factors, the property tax bill can range significantly. At the 25th percentile, homeowners might pay around $1,396, while those at the 75th percentile could see bills as high as $5,174. At the 90th percentile, the tax bill could reach up to $6,964. These variations affect homeowners differently, impacting their annual financial planning and overall cost of living. Understanding these factors can help homeowners better anticipate their property tax obligations and manage their budgets effectively.
Average El Jebel Area Tax Bill
$3,891
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 Area, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell