Green Mountain Falls, El Paso County, Colorado Property Taxes
The median property tax rate in Green Mountain Falls, CO is 0.66%, lower than the national median of 0.99% but higher than the Colorado state median of 0.55%. With the median home value in Green Mountain Falls at $263,294, the typical annual property tax bill is $1,650, which is below the national median of $2,690. Property taxes in Green Mountain Falls are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Green Mountain Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Green Mountain Falls 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
Green Mountain Falls, El Paso County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$1,738
$1,613
Ownwell’s Green Mountain Falls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Green Mountain Falls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Green Mountain Falls 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 Green Mountain Falls, El Paso County, Colorado
Property taxes in Green Mountain Falls, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Green Mountain Falls is 0.66%, lower than both the Colorado state median of 0.51% and the U.S. national median of 0.99%. Local government entities within Green Mountain Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Green Mountain Falls 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 Green Mountain Falls' effective property tax rate to other counties in Colorado and the national median. For comparison, the 80819 zip code has the highest median property tax rate of 0.66%, while the 80863 zip code has the lowest median tax rate of 0.54%. Understanding how these cities compare with Green Mountain Falls 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.
Property Tax Rates Across Green Mountain Falls, El Paso County, Colorado
Source: Ownwell
0.27%
0.62%
0.96%
Average Green Mountain Falls Tax Rate
0.66%
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 Green Mountain Falls, El Paso County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80819 | 0.45% | 0.66% | 0.66% | 0.66% | 0.66% |
| 80863 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Green Mountain Falls, El Paso County, Colorado
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Green Mountain Falls, 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. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Green Mountain Falls is $1,650 in the 80819 zip code, while the lowest is $1,537 in the 80863 zip code.
Property Tax Assessment Values Across Green Mountain Falls, El Paso County, Colorado
Source: Ownwell
$62,940
$289,337
$515,734
Average Green Mountain Falls Assessed Value
$263,294
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 Green Mountain Falls, El Paso County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80819 | $131,033 | $192,464 | $263,294 | $333,210 | $426,854 |
| 80863 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Green Mountain Falls, El Paso County, Colorado
Property tax bills in Green Mountain Falls, CO, are determined by the assessed value of a property and the local tax rate. The assessed value is a percentage of the property's market value, which is then multiplied by the local tax rate to calculate the annual tax bill. For instance, homes in Green Mountain Falls, with a median home price of $263,294, have property tax bills that vary significantly. The 25th percentile tax bill is $1,194, while the 75th percentile reaches $2,099, and at the 90th percentile, it climbs to $2,610. Factors such as property improvements, market conditions, and local government budget needs influence the assessed value. Homeowners in Green Mountain Falls experience a range of property tax bills, with the highest median tax bill recorded at $1,650 in the 80819 zip code and the lowest at $1,537 in the 80863 zip code. These variations can impact homeowners' financial planning and overall cost of living, especially when compared to the national median property tax rate of 0.99%.
Property Tax Bills Across Green Mountain Falls, El Paso County, Colorado
Source: Ownwell
$311
$1,860
$3,409
Average Green Mountain Falls Tax Bill
$1,650
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 Green Mountain Falls, El Paso County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80819 | $896 | $1,193 | $1,650 | $2,099 | $2,615 |
| 80863 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell