Rush, Colorado Property Taxes
The median property tax rate in Rush, CO is 0.27%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Rush, the typical annual property tax bill amounts to $292, far below the national median of $2,690. Property taxes in Rush are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Rush'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 Rush 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
Rush, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.27%
Estimate Property Tax Bill
$209
$194
Ownwell’s RUSH Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in RUSH with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in RUSH to provide an estimated property tax bill. This valuable tool aids in understanding potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is the value determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Rush, Colorado
Property taxes in Rush, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rush is 0.43%, significantly lower than both the Colorado state median of 0.55% and the U.S. national median of 0.99%. Local government entities within Rush set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rush 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 Rush's effective property tax rate to other counties in Colorado and the national median. For comparison, the 80903 zip code has the highest median property tax rate of 0.59%, while the 80902 zip code has the lowest median tax rate of 0.38%. Understanding how these cities compare with Rush 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 Rush Tax Rate
0.27%
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 Rush, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80833 | 0.27% | 0.27% | 0.27% | 0.29% | 0.53% |
Source: Ownwell
Property Tax Assessment Values Across Rush, Colorado
In Rush, 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 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 Rush, 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 Rush helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 80833 has both the highest and lowest median tax bill at $321.00, illustrating the uniformity in tax burdens across different properties.
Average Rush Assessed Value
$77,464
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 Rush, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80833 | $3,757 | $18,398 | $84,762 | $222,299 | $297,599 |
Source: Ownwell
Property Tax Bills Across Rush, Colorado
In Rush, located in El Paso County, CO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value, and this percentage is then multiplied by the local tax rate to determine the tax bill. For instance, with a median home price of $77,464, homeowners in Rush can expect to see varying tax bills. At the 25th percentile, tax bills are around $73, while at the 75th percentile, they rise to approximately $613. The top 10% of tax bills can reach up to $801. These figures show a range of property tax burdens depending on the home's assessed value and the specific tax rate applied. Compared to the national median property tax rate of 0.99%, Rush's property tax rates can significantly affect homeowners, influencing their overall cost of living and financial planning.
Average Rush Tax Bill
$292
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 Rush, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80833 | $14 | $76 | $321 | $616 | $805 |
Source: Ownwell