Kiowa, Colorado Property Taxes
The median property tax rate in Kiowa, CO is 0.45%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With a median home value of $380,660 in Kiowa, the typical annual property tax bill amounts to $1,723, which is also below the national median of $2,690. Property taxes in Kiowa are calculated based on the tax assessed value, which is often less than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Kiowa's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Kiowa 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
Kiowa, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.45%
Estimate Property Tax Bill
$1,713
$1,590
Ownwell’s Kiowa Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kiowa with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kiowa 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 Kiowa, Colorado
Property taxes in Kiowa, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kiowa is 0.45%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Kiowa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kiowa 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 Kiowa's effective property tax rate to other counties in Colorado and the national median. For comparison, the 80117 zip code has both the highest and lowest median property tax rate of 0.45%. Understanding how these cities compare with Kiowa provides valuable insights into the varying tax landscape across Elbert County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kiowa Tax Rate
0.45%
Average Elbert County Tax Rate
0.56%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kiowa, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80117 | 0.33% | 0.42% | 0.45% | 0.51% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across Kiowa, Colorado
In Kiowa, 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 Elbert 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 Kiowa, 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 Kiowa is $380,660, with tax bills ranging from $1,177 at the 25th percentile to $2,252 at the 75th percentile. The highest and lowest median tax bills are both in the 80117 zip code, amounting to $1,723. 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 Kiowa helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kiowa Assessed Value
$380,660
Average Elbert County Assessed Value
$469,640
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kiowa, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80117 | $102,388 | $269,700 | $380,660 | $492,409 | $611,357 |
Source: Ownwell
Property Tax Bills Across Kiowa, Colorado
In Kiowa, CO, located in Elbert County, 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 market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners in Kiowa, the median home price is approximately $380,660. The property tax bills can vary significantly, with the 25th percentile at $1,177 and the 75th percentile at $2,252. At the higher end, the 90th percentile tax bill reaches $2,995. This variation highlights how different factors can affect property taxes. Compared to the national median property tax rate of 0.99%, homeowners in Kiowa may find their tax bills to be relatively moderate. Understanding these factors can help homeowners anticipate their property tax obligations and plan their finances accordingly.
Average Kiowa Tax Bill
$1,723
Average Elbert County Tax Bill
$2,641
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Kiowa, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80117 | $445 | $1,177 | $1,723 | $2,252 | $2,995 |
Source: Ownwell