Florence, Fremont County, Colorado Property Taxes
Median Florence, CO effective property tax rate: 0.55%, significantly lower than the national median of 1.02%, but matching the Colorado state median of 0.55%.
Median Florence, CO home value: $173,527
Median annual Florence, CO tax bill: $835, $1,565 lower than the national median property tax bill of $2,400.
How are property taxes in Fremont calculated?
Property taxes in Florence, 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 Florence’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Florence, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Florence, Fremont County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.55%
Estimate Property Tax Bill
$954
$886
Property Tax Rates Across Florence, Fremont County, Colorado
Local government entities determine property tax rates, which can differ significantly within a state. Each year, counties estimate the necessary budget to maintain services and allocate this amount across the total assessed value of all taxable properties within their boundaries. This process establishes the property tax rate. Although the setting of tax rates and budgets involves legislation and voting, this annual procedure is the essence of how rates are determined.
In Florence, located in Fremont County, the effective property tax rate stands at 0.55%. This rate is consistent across the county, representing both the highest and lowest median tax rates in the area. When compared to the national median property tax rate of 1.02%, Florence's rate is significantly lower. Additionally, the national median property tax bill is $2400, which further highlights the affordability of property taxes in Florence. By understanding these rates, property owners can better assess their tax liabilities and explore potential savings through appeals or exemptions.
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 Florence Tax Rate
0.55%
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 Fremont County Tax Rate
0.55%
Median Effective Colorado Tax Rate
0.55%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Florence, Fremont County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81226 | 0.29% | 0.43% | 0.55% | 0.55% | 0.55% |
Source: Ownwell
Property Tax Assessment Values Across Florence, Fremont County, Colorado
When examining property taxes in Florence, 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 Fremont 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 Fremont 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 Florence. For example, the median home price in Florence is $173,527, with tax bills ranging significantly across the county. Zip code 81226 has the highest median home price at $173,527.
Property Tax Assessment Values Across Florence, Fremont County, Colorado
Source: Ownwell
$129,027
$301,156
$473,285
Median Florence Market Value
$173,527
Median Fremont County Market Value
$205,831
Median Colorado Market Value
$405,540
Median United States Market Value
$235,294
Property Tax Assessment Values Across Florence, Fremont County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81226 | $17,564 | $117,531 | $173,527 | $238,051 | $307,940 |
Source: Ownwell
Property Tax Bills Across Florence, Fremont County, Colorado
In Florence, located in Fremont County, CO, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and often represents a percentage of the property's market value. Homeowners in Florence typically experience property tax bills that vary significantly, with the 25th percentile at $494 and the 75th percentile reaching $1,178. The median tax bill is $835, which is significantly lower than the national median property tax bill of $2,400. These taxes contribute to essential public services such as education, infrastructure, and emergency services, directly impacting the community's quality of life.
Ownwell offers homeowners in Florence a valuable service by assisting them in appealing their property tax assessments. By identifying discrepancies and ensuring accurate valuations, Ownwell can help reduce tax liabilities. Lowering property tax bills not only alleviates financial burdens but also increases the affordability of homeownership, allowing residents to enjoy their homes without undue financial stress.
Median Florence Tax Bill
$835
Median Fremont County Tax Bill
$1,012
Median Colorado Tax Bill
$2,283
Median United States Tax Bill
$2,400
Property Tax Bills Across Florence, Fremont County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81226 | $90 | $494 | $835 | $1,178 | $1,561 |
Source: Ownwell