Coaldale, Colorado Property Taxes
The median property tax rate in Coaldale, CO is 0.35%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With a median home value of $292,050 in Coaldale, the typical annual property tax bill amounts to $1,027, well below the national median of $2,690. Property taxes in Coaldale are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Coaldale'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 Coaldale or another part of Fremont County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Coaldale, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.35%
Estimate Property Tax Bill
$1,022
$949
Ownwell’s Coaldale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Coaldale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coaldale 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 Coaldale, Colorado
Property taxes in Coaldale, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coaldale is 0.35%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Coaldale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coaldale 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 Coaldale's effective property tax rate to other counties in Colorado and the national median. For comparison, the highest median property tax rate in Colorado is found in zip code 80014, with a rate of 0.82%, while the lowest median tax rate is in zip code 81638, at 0.21%. Understanding how these areas compare with Coaldale 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 Coaldale Tax Rate
0.35%
Average Fremont County Tax Rate
0.55%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coaldale, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81222 | 0.31% | 0.35% | 0.35% | 0.35% | 0.35% |
Source: Ownwell
Property Tax Assessment Values Across Coaldale, Colorado
In Coaldale, 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 Assessor 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 Coaldale, 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. The median home price in Coaldale is $292,050, with tax bills ranging from $738 at the 25th percentile to $1,720 at the 90th percentile. The highest and lowest median tax bills both stand at $1,027 in the 81222 zip code. By understanding 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 Coaldale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Coaldale Assessed Value
$292,050
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 Coaldale, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81222 | $133,380 | $216,135 | $292,050 | $422,742 | $490,958 |
Source: Ownwell
Property Tax Bills Across Coaldale, Colorado
In Coaldale, Fremont County, CO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the property's market value. For example, with a median home price of $292,050, homeowners in Coaldale can expect their property tax bill to vary significantly. The tax bill for the 25th percentile is around $738, while those in the 75th percentile pay approximately $1,471. At the 90th percentile, the tax bill can reach up to $1,720. Several factors influence these tax bills, including property size, location, and any applicable exemptions. These taxes are crucial for funding local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, the property taxes in Coaldale can be considered moderate. Homeowners should be aware of these costs as they directly impact their annual expenses and overall financial planning.
Average Coaldale Tax Bill
$1,027
Average Fremont County Tax Bill
$1,012
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Coaldale, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81222 | $426 | $738 | $1,027 | $1,471 | $1,720 |
Source: Ownwell