Cascade, El Paso County, Colorado Property Taxes
The median property tax rate in Cascade, CO is 0.49%, considerably lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Cascade at $351,433, the typical annual property tax bill reaches $1,719, well below the national median of $2,690. Property taxes in Cascade 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 Cascade'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 Cascade 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
Cascade, El Paso County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$1,722
$1,598
Ownwell's Cascade Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cascade with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Cascade to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities and plan accordingly. For those interested in more localized trends, scrolling down reveals neighborhood-level information. Your property's assessed value, which is determined by the county for property tax calculations, includes any applicable exemptions.
Property Tax Rates Across Cascade, El Paso County, Colorado
Property taxes in Cascade, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cascade is 0.49%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Cascade set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cascade 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 Cascade's effective property tax rate to other areas in Colorado and the national median. For comparison, the zip code 80809 has the highest median property tax rate of 0.49%, while the same zip code also has the lowest median tax rate of 0.49%. Understanding how these areas compare with Cascade provides valuable insights into the varying tax landscape across El Paso County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cascade Tax Rate
0.49%
Average El Paso County Tax Rate
0.42%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cascade, El Paso County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80809 | 0.37% | 0.49% | 0.49% | 0.54% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Cascade, El Paso County, Colorado
In Cascade, 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 El Paso 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 Cascade, 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 Cascade helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Cascade are both $1719, found in the 80809 zip code.
Property Tax Assessment Values Across Cascade, El Paso County, Colorado
Source: Ownwell
$62,940
$289,337
$515,734
Average Cascade Assessed Value
$351,433
Average El Paso County Assessed Value
$319,355
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cascade, El Paso County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80809 | $214,278 | $280,029 | $351,433 | $439,256 | $561,066 |
Source: Ownwell
Property Tax Bills Across Cascade, El Paso County, Colorado
In Cascade, located in El Paso County, CO, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the property's market value, which in Cascade is influenced by the median home price of $351,433. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Several factors are considered in this process, including property size, location, and any improvements made to the property. Homeowners in Cascade can expect to pay varying amounts in property taxes, with the 25th percentile tax bill at $1,349, the 75th percentile at $2,164, and the 90th percentile reaching up to $2,886. These property taxes directly impact homeowners by contributing to local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Cascade's property taxes reflect the local economic conditions and funding needs. Understanding these factors can help homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Cascade Tax Bill
$1,719
Average El Paso County Tax Bill
$1,379
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Cascade, El Paso County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80809 | $1,047 | $1,349 | $1,719 | $2,164 | $2,886 |
Source: Ownwell