Green Mtn Fls, Colorado Property Taxes
The median property tax rate in Green Mountain Falls, CO is 0.66%, which is 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 $123,265, the typical annual property tax bill comes to $812, significantly below the national median of $2,690. Property taxes in Green Mountain Falls 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 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 El Paso County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Green Mtn Fls, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$814
$755
Ownwell’s GREEN MTN FLS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in GREEN MTN FLS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in GREEN MTN FLS 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 Mtn Fls, Colorado
Property taxes in Green Mountain Falls, Colorado, are crucial 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%, which is lower than both the Colorado state median 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 zip code 80819 has the highest median property tax rate of 0.66%, while the same zip code also has the lowest median tax rate of 0.66%. 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.
Average Green Mtn Fls 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 Mtn Fls, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80819 | 0.66% | 0.66% | 0.66% | 0.66% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Green Mtn Fls, 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. In Green Mountain Falls, 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 and lowest median tax bills, both at $812, are found in the 80819 zip code.
Property Tax Assessment Values Across Green Mtn Fls, Colorado
Source: Ownwell
$9,491
$722,691
$1,435,891
Average Green Mtn Fls Assessed Value
$123,265
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 Mtn Fls, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80819 | $123,265 | $123,265 | $123,265 | $123,265 | $123,265 |
Source: Ownwell
Property Tax Bills Across Green Mtn Fls, Colorado
In Green Mountain Falls, located in El Paso County, CO, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and represents a percentage of the property's market value. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For homeowners in Green Mountain Falls, the median home price stands at $123,265, which significantly impacts the overall tax bill. Factors such as property improvements, market conditions, and neighborhood developments can influence the assessed value, subsequently affecting the tax bill. For instance, the median property tax bill in Green Mountain Falls is $812, aligning with the 25th, 75th, and 90th percentiles, indicating a consistent tax rate across different property values. Compared to the national median property tax rate of 0.99%, Green Mountain Falls offers a relatively predictable tax environment for homeowners. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Green Mtn Fls Tax Bill
$812
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 Mtn Fls, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80819 | $812 | $812 | $812 | $812 | $812 |
Source: Ownwell