Elbert, Elbert County, Colorado Property Taxes

Name: Property Tax Bills Across Elbert, Elbert County, Colorado
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Elbert, CO effective property tax rate: 0.48%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%.
Median Elbert, CO home value: $386,211
Median annual Elbert, CO tax bill: $1,913, $487 lower than the national median property tax bill of $2,400.

How are property taxes in Elbert County calculated?

Property taxes in Elbert, CO are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Elbert’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Elbert, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Elbert, Elbert County, Colorado Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.48%

Estimate Property Tax Bill

$1,854

$1,720

Ownwell’s Elbert Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Elbert with just two data points. By entering your property's estimated assessed value, our calculator applies Elbert’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Elbert. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Elbert, Elbert County, Colorado

Local government entities are responsible for setting tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Elbert’s effective property tax rate to other cities in Colorado and the median property tax rates in Colorado and the U.S. Elbert County boasts a median property tax rate of 0.48%, which is significantly lower than the national median property tax rate of 1.02%. This makes it an appealing location for property owners seeking to minimize their tax burden. The consistent rate across the county indicates a stable tax environment, beneficial for long-term planning. Understanding these rates can help property owners make informed decisions about where to invest or settle, potentially leading to substantial savings over time.

Property Tax Rates Across Elbert, Elbert County, Colorado

Source: Ownwell

0.40%

0.51%

0.62%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Elbert Tax Rate

0.48%

Median Effective Elbert County Tax Rate

0.56%

Median Effective Colorado Tax Rate

0.55%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Elbert, Elbert County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
80106	0.39%	0.48%	0.48%	0.55%	0.63%

Source: Ownwell

Property Tax Assessment Values Across Elbert, Elbert County, Colorado

When examining property taxes in Elbert, CO, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Elbert County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Elbert County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Elbert. For example, the median home price in Elbert is $386,211, with tax bills ranging significantly across the county. 80106 has the highest median home price at $386,211.

Property Tax Assessment Values Across Elbert, Elbert County, Colorado

Source: Ownwell

$134,650

$363,700

$592,749

Median Elbert Market Value

$386,211

Median Elbert County Market Value

$469,640

Median Colorado Market Value

$405,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Elbert, Elbert County, Colorado

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
80106	$143,157	$229,596	$386,211	$509,850	$642,698

Source: Ownwell

Property Tax Bills Across Elbert, Elbert County, Colorado

In Elbert, CO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as the property's location, size, and improvements can influence the assessed value. Homeowners in Elbert face a median property tax bill of $1,913, which is below the national median of $2,400. However, tax bills can range significantly, with the 25th percentile at $1,161 and the 90th percentile reaching $3,226. This variation can significantly impact homeowners' finances. Ownwell assists homeowners by providing property tax appeal services, potentially lowering their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell can help ensure that homeowners are not overpaying. This service is especially beneficial in areas where tax assessments may not accurately reflect market values, allowing homeowners to save money and reduce their financial burden.

Property Tax Bills Across Elbert, Elbert County, Colorado

Source: Ownwell

$697

$2,031

$3,365

Median Elbert Tax Bill

$1,913

Median Elbert County Tax Bill

$2,641

Median Colorado Tax Bill

$2,283

Median United States Tax Bill

$2,400

Property Tax Bills Across Elbert, Elbert County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
80106	$758	$1,161	$1,913	$2,510	$3,226

Source: Ownwell