Florissant, Colorado Property Taxes
The median property tax rate in Florissant, CO is 0.47%, which is significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With a median home value of $114,786 in Florissant, the typical annual property tax bill amounts to $1,053, well below the national median of $2,690. Property taxes in Florissant are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Florissant'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 Florissant 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
Florissant, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$539
$501
Ownwell’s Florissant Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Florissant with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Florissant 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 Florissant, Colorado
Property taxes in Florissant, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Florissant is 0.47%, which is lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Florissant set these rates annually, and they can vary significantly across different neighborhoods. Each year, Florissant 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 Florissant's effective property tax rate to other counties in Colorado and the national median. For comparison, the 80816 zip code has both the highest and lowest median property tax rate of 0.47%. Understanding how these cities compare with Florissant 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 Florissant Tax Rate
0.47%
Average Fremont County Tax Rate
0.55%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Florissant, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80816 | 0.47% | 0.47% | 0.47% | 0.47% | 0.47% |
Source: Ownwell
Property Tax Assessment Values Across Florissant, Colorado
In Florissant, 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 Florissant, 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 Florissant helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Florissant are both $1,053, found in the 80816 zip code.
Average Florissant Assessed Value
$114,786
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 Florissant, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80816 | $25,657 | $59,080 | $114,786 | $170,492 | $203,915 |
Source: Ownwell
Property Tax Bills Across Florissant, Colorado
In Florissant, located in Fremont County, CO, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and represents a percentage of the property's market value. For example, with a median home price of $114,786, the assessed value is a portion of this figure. The tax rate is then applied to this assessed value to determine the annual property tax bill. Homeowners in Florissant typically see property tax bills around $1,053, which is consistent across various percentiles. This uniformity suggests a stable tax structure within the area. Compared to the national median property tax rate of 0.99%, Florissant's property taxes are relatively moderate, providing a predictable financial obligation for homeowners. These taxes contribute to essential public services, including schools, infrastructure, and emergency services, impacting the quality of life and property values in the community.
Average Florissant Tax Bill
$1,053
Average Fremont County Tax Bill
$1,012
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Florissant, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80816 | $1,053 | $1,053 | $1,053 | $1,053 | $1,053 |
Source: Ownwell