Houston, Colorado Property Taxes
The median property tax rate in Houston, CO is 0.36%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Houston at $494,620, the typical annual property tax bill amounts to $1,767, which is below the national median of $2,690. Property taxes in Houston are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Houston'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 Houston 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
Houston, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.36%
Estimate Property Tax Bill
$1,781
Ownwell’s Houston Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Houston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Houston to provide an estimate of 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 Houston, Colorado
Property taxes in Houston, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Houston is 0.36%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Houston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Houston 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 Houston's effective property tax rate to other counties in Colorado and the national median. For comparison, the highest median property tax rate in the region is found in ZIP code 81657 with a rate of 0.70%, while the lowest is in ZIP code 81631 at 0.30%. Understanding how these cities compare with Houston 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 Houston Tax Rate
0.36%
Average Eagle County Tax Rate
0.44%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Houston, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77063 | 0.36% | 0.36% | 0.36% | 0.36% | 0.36% |
Source: Ownwell
Property Tax Assessment Values Across Houston, Colorado
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Houston, CO. 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 Houston, 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 Houston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the zip code 77063 has the highest and lowest median tax bill at $1,767, which can be contrasted against the national median property tax rate of 0.99%.
Average Houston Assessed Value
$494,620
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 Houston, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77063 | $494,620 | $494,620 | $494,620 | $494,620 | $494,620 |
Source: Ownwell
Property Tax Bills Across Houston, Colorado
In Houston, located in Eagle County, CO, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is a percentage of the market value of the property. The tax rate is then applied to this assessed value to calculate the annual tax bill. Factors that influence the assessed value include the property's location, size, and condition, as well as recent sales of comparable properties in the area. For homeowners in Houston, the median home price is $494,620, and the median property tax bill is $1,767, which is relatively lower than the national median property tax rate of 0.99%. This lower tax burden can make homeownership more affordable in Houston compared to other regions. However, it is important for homeowners to stay informed about their property's assessed value and any changes in local tax rates, as these can directly impact their annual tax bills.
Average Houston Tax Bill
$1,767
Average Eagle County Tax Bill
$3,388
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Houston, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77063 | $1,767 | $1,767 | $1,767 | $1,767 | $1,767 |
Source: Ownwell