Howard, Colorado Property Taxes
The median property tax rate in Howard, CO is 0.33%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With a median home value of $306,520 in Howard, the typical annual property tax bill amounts to $953, which is well below the national median of $2,690. Property taxes in Howard are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Howard'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 Howard or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Howard, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.33%
Estimate Property Tax Bill
$1,012
$939
Ownwell’s Howard Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Howard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Howard 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 Howard, Colorado
Property taxes in Howard, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Howard is 0.51%, significantly lower than both the Colorado state median of 0.55% and the U.S. national median of 0.99%. Local government entities within Howard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Howard 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 Howard's effective property tax rate to other counties in Colorado and the national median. For comparison, the highest median property tax rate in the region is found in 80014 with a rate of 0.72%, while the lowest median tax rate is in 80401, standing at just 0.32%. Understanding how these cities compare with Howard 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 Howard Tax Rate
0.33%
Average Fremont County Tax Rate
0.55%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Howard, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81233 | 0.24% | 0.33% | 0.33% | 0.33% | 0.35% |
Source: Ownwell
Property Tax Assessment Values Across Howard, Colorado
In Howard, 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 Howard, 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 Howard helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Howard are both $953.00, found in the 81233 zip code.
Average Howard Assessed Value
$306,520
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 Howard, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81233 | $83,375 | $200,465 | $306,520 | $406,056 | $512,703 |
Source: Ownwell
Property Tax Bills Across Howard, Colorado
In Howard, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is a percentage of the property's market value. For homeowners in Howard, the median home price stands at $306,520. Property tax rates in Howard are influenced by various factors, including local government budgets, school district funding, and public services. Homeowners can expect their tax bill to fall within a range, with the 25th percentile at $601 and the 75th percentile at $1,365. For those at the higher end, the 90th percentile tax bill reaches $1,709. This variation reflects differences in property values and the specific tax rate applied. Comparatively, the median property tax bill in Howard aligns closely with the national median property tax rate of 0.99%. These property taxes play a crucial role in funding essential community services such as education, infrastructure, and emergency services, directly impacting the quality of life for Howard residents.
Average Howard Tax Bill
$953
Average Fremont County Tax Bill
$1,012
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Howard, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81233 | $262 | $601 | $953 | $1,365 | $1,709 |
Source: Ownwell