Coal Creek, Colorado Property Taxes
The median property tax rate in Coal Creek, CO is 0.53%, notably lower than both the national median of 0.99% and Colorado's state median of 0.55%. With the median home value in Coal Creek at $129,027, the typical annual property tax bill amounts to $547, significantly less than the national median of $2,690. Property taxes in Coal Creek are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Coal Creek'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 Coal Creek 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
Coal Creek, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$684
Ownwell’s Coal Creek Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Coal Creek with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Coal Creek to provide an estimated property tax bill. This valuable tool helps you understand potential tax liabilities. For more detailed trends at the neighborhood level, scroll down to find localized information. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Coal Creek, Colorado
Property taxes in Coal Creek, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coal Creek is 0.53%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Coal Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coal Creek 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 Coal Creek's effective property tax rate to other areas in Colorado and the national median. For comparison, the 81221 zip code has the highest median property tax rate of 0.53%, while the same zip code also has the lowest median tax rate of 0.53%. Understanding how these areas compare with Coal Creek provides valuable insights into the varying tax landscape across Fremont County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Coal Creek Tax Rate
0.53%
Average Fremont County Tax Rate
0.55%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coal Creek, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81221 | 0.27% | 0.53% | 0.53% | 0.53% | 0.53% |
Source: Ownwell
Property Tax Assessment Values Across Coal Creek, Colorado
In Coal Creek, 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 Fremont 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 Coal Creek, 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 Coal Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 81221, with a median tax bill of $547.
Average Coal Creek Assessed Value
$129,027
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 Coal Creek, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81221 | $4,694 | $67,240 | $129,027 | $201,648 | $268,371 |
Source: Ownwell
Property Tax Bills Across Coal Creek, Colorado
In Coal Creek, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, with a median home price of $129,027, the property tax rate in Fremont County plays a significant role in determining the final tax bill. Homeowners in Coal Creek can expect tax bills ranging from $240 at the 25th percentile to $1,023 at the 75th percentile, with the 90th percentile reaching up to $1,388. Factors influencing these tax bills include the home's assessed value, local tax rates, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Fremont County's rates can vary, affecting the overall financial burden on homeowners. Understanding these details is crucial for homeowners to budget effectively and anticipate their annual property tax obligations.
Average Coal Creek Tax Bill
$547
Average Fremont County Tax Bill
$1,012
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Coal Creek, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81221 | $25 | $240 | $547 | $1,023 | $1,388 |
Source: Ownwell