Fountain, Colorado Property Taxes
The median property tax rate in Fountain, CO is 0.41%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Fountain at $277,032, the typical annual property tax bill amounts to $1,188, considerably below the national median of $2,690. Property taxes in Fountain are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Fountain's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Fountain or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fountain, 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 Fountain Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fountain with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fountain 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 Fountain, Colorado
Property taxes in Fountain, Colorado, play a crucial role in financing essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fountain is 0.41%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Fountain set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fountain 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 Fountain's effective property tax rate to other areas in Colorado and the national median. For comparison, the 80106 zip code has the highest median property tax rate of 0.70%, while the 80817 zip code has the lowest median tax rate of 0.41%. Understanding how these areas compare with Fountain 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 Fountain Tax Rate
0.41%
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 Fountain, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80106 | 0.70% | 0.70% | 0.70% | 0.70% | 0.70% |
| 80817 | 0.34% | 0.41% | 0.41% | 0.49% | 0.73% |
| 80911 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Fountain, Colorado
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Fountain, Colorado. 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 Fountain, 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 median home price in the area is $277,032, with tax bills ranging from $920 at the 25th percentile to $2,526 at the 90th percentile. The highest median tax bill is $3,033 in the 80106 zip code, while the lowest is $1,188 in the 80817 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Fountain Assessed Value
$277,032
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 Fountain, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80106 | $432,300 | $432,300 | $432,300 | $432,300 | $432,300 |
| 80817 | $103,580 | $224,189 | $277,035 | $321,989 | $369,336 |
| 80911 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Fountain, Colorado
In Fountain, El Paso County, CO, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the county assessor and typically represents a percentage of your home's market value. For example, with a median home price of $277,032, homeowners can expect varying tax bills. Several factors influence the final tax bill, including the home's assessed value, local tax rates, and any applicable exemptions. The tax bill can range significantly, from the 25th percentile at $920 to the 90th percentile at $2,526. The highest median tax bill within the county reaches $3,033 in the 80106 zip code, while the lowest median tax bill is $1,188 in the 80817 zip code. Understanding these factors is crucial for homeowners as property taxes can significantly impact annual expenses. Comparing Fountain's tax rates with the national median property tax rate of 0.99% helps homeowners gauge their financial obligations more accurately.
Average Fountain Tax Bill
$1,188
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 Fountain, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80106 | $3,033 | $3,033 | $3,033 | $3,033 | $3,033 |
| 80817 | $592 | $920 | $1,188 | $1,452 | $2,525 |
| 80911 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell