Fremont County, Colorado Property Taxes
The median property tax rate in Fremont County is 0.55%, which is significantly lower than the national median of 0.99% and matches the Colorado state median of 0.55%. With a median home value of $205,831, the typical annual property tax bill in Fremont County is $1,012, far below the national median of $2,690. Property taxes in Fremont County are calculated based on the tax assessed value, which is often lower than the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Fremont County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Cañon City or another part of Fremont County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fremont County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$1,132
$1,051
Ownwell’s Fremont County Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, or potential owners to estimate their annual property taxes in Fremont County with just two data points. By entering your property's estimated assessed value, our calculator applies the median tax rate in Fremont County to give you an accurate estimate of your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by the county for property tax calculations, taking into account any exemptions you may have.
Property Tax Rates Across Fremont County, Colorado
Property taxes in Fremont County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Fremont County is 0.55%, which is lower than the U.S. national median of 0.99%. Local government entities within Fremont County set these rates annually, and they can vary significantly between different areas within the county. Each year, Fremont County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Fremont County's effective property tax rate with other areas in Colorado and the national median. For comparison, the city of Canon City has one of the higher property tax rates in Colorado at 0.59%, while the city of Wetmore boasts one of the lowest at 0.41%. Analyzing how Fremont County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Fremont County Tax Rate
0.55%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fremont County, Colorado
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Canon City | 0.35% | 0.51% | 0.59% | 0.60% | 0.60% |
| Coal Creek | 0.27% | 0.53% | 0.53% | 0.53% | 0.53% |
| Coaldale | 0.31% | 0.35% | 0.35% | 0.35% | 0.35% |
| Colorado Springs | 0.37% | 0.45% | 0.45% | 0.45% | 0.45% |
| Cotopaxi | 0.27% | 0.32% | 0.33% | 0.33% | 0.33% |
| Florence | 0.29% | 0.43% | 0.55% | 0.55% | 0.55% |
| Florissant | N/A | N/A | N/A | N/A | N/A |
| Howard | 0.24% | 0.33% | 0.33% | 0.33% | 0.35% |
| Penrose | 0.31% | 0.45% | 0.50% | 0.51% | 0.51% |
| Rockvale | 0.34% | 0.49% | 0.49% | 0.50% | 0.50% |
| Salida | 0.28% | 0.41% | 0.42% | 0.42% | 0.53% |
| Westcliffe | N/A | N/A | N/A | N/A | N/A |
| Wetmore | 0.36% | 0.40% | 0.41% | 0.41% | 0.58% |
Source: Ownwell
Property Tax Assessment Values Across Fremont County, Colorado
In Fremont County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Fremont County Appraisal District. The assessed value, however, 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 in Fremont County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For example, Colorado Springs has the highest median tax bill at $1,910, while Cotopaxi has the lowest at $439. Being aware of these valuation processes in Fremont County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Fremont County, Colorado
Source: Ownwell
$129,027
$301,156
$473,285
Average Fremont County Assessed Value
$205,831
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fremont County, Colorado
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Canon City | $14,310 | $139,366 | $215,294 | $290,389 | $390,381 |
| Coal Creek | $4,694 | $67,240 | $129,027 | $201,648 | $268,371 |
| Coaldale | $133,380 | $216,135 | $292,050 | $422,742 | $490,958 |
| Colorado Springs | $39,791 | $161,850 | $473,285 | $624,678 | $877,519 |
| Cotopaxi | $9,307 | $23,622 | $153,648 | $283,073 | $428,462 |
| Florence | $17,564 | $117,531 | $173,527 | $238,051 | $307,940 |
| Florissant | N/A | N/A | N/A | N/A | N/A |
| Howard | $83,375 | $200,465 | $306,520 | $406,056 | $512,703 |
| Penrose | $9,034 | $52,258 | $212,007 | $312,672 | $427,280 |
| Rockvale | $28,791 | $84,041 | $140,221 | $240,894 | $289,441 |
| Salida | $72,435 | $197,466 | $279,122 | $385,320 | $762,004 |
| Westcliffe | N/A | N/A | N/A | N/A | N/A |
| Wetmore | $225,693 | $267,465 | $339,946 | $386,396 | $409,571 |
Source: Ownwell
Property Tax Bills Across Fremont County, Colorado
In Fremont County, CO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The county's median home price is $205,831. Property taxes are determined by multiplying this assessed value by the local tax rate. Various factors affect the tax bill, including property location, improvements, and exemptions. Homeowners in Fremont County experience a range of property tax bills. For instance, the tax bill at the 25th percentile is $473, while at the 75th percentile, it rises to $1,500. At the 90th percentile, homeowners can expect to pay around $2,065. Comparatively, the highest median tax bill in the region is found in Colorado Springs at $1,910, while Cotopaxi has the lowest at $439. These taxes fund essential services like schools, roads, and emergency services, directly impacting the quality of life. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Fremont County Tax Bill
$1,012
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Fremont County, Colorado
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Canon City | $75 | $670 | $1,160 | $1,633 | $2,221 |
| Coal Creek | $25 | $240 | $547 | $1,023 | $1,388 |
| Coaldale | $426 | $738 | $1,027 | $1,471 | $1,720 |
| Colorado Springs | $179 | $727 | $1,910 | $2,684 | $3,848 |
| Cotopaxi | $31 | $78 | $439 | $869 | $1,355 |
| Florence | $90 | $494 | $835 | $1,178 | $1,561 |
| Florissant | N/A | N/A | N/A | N/A | N/A |
| Howard | $262 | $601 | $953 | $1,365 | $1,709 |
| Penrose | $43 | $251 | $946 | $1,476 | $2,054 |
| Rockvale | $163 | $381 | $627 | $1,108 | $1,411 |
| Salida | $307 | $625 | $1,041 | $1,763 | $3,007 |
| Westcliffe | N/A | N/A | N/A | N/A | N/A |
| Wetmore | $994 | $1,097 | $1,410 | $1,639 | $1,788 |
Source: Ownwell