Salida, Fremont County, Colorado Property Taxes
The median property tax rate in Salida, CO is 0.42%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With a median home value of $279,122 in Salida, the typical annual property tax bill is around $1,041, well below the national median of $2,690. Property taxes in Salida are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Salida'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 Salida 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
Salida, Fremont County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.42%
Estimate Property Tax Bill
$1,172
$1,088
Ownwell’s Salida Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Salida with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Salida 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 Salida, Fremont County, Colorado
Property taxes in Salida, Colorado, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Salida is 0.42%, which is significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Salida set these rates annually, and they can vary significantly across different neighborhoods. Each year, Salida 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 Salida's effective property tax rate to other counties in Colorado and the national median. For comparison, the 81201 zip code has the highest median property tax rate of 0.42%, while the same zip code also has the lowest median tax rate of 0.42%. Understanding how these cities compare with Salida 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 Salida Tax Rate
0.42%
Average Fremont County Tax Rate
0.55%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Salida, Fremont County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81201 | 0.28% | 0.41% | 0.42% | 0.42% | 0.53% |
Source: Ownwell
Property Tax Assessment Values Across Salida, Fremont County, Colorado
In Salida, 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 Salida, 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 Salida is $279,122, with tax bills ranging from the 25th percentile at $625 to the 90th percentile at $3,007. 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 Salida helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Salida, Fremont County, Colorado
Source: Ownwell
$129,027
$301,156
$473,285
Average Salida Assessed Value
$279,122
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 Salida, Fremont County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81201 | $72,435 | $197,466 | $279,122 | $385,320 | $762,004 |
Source: Ownwell
Property Tax Bills Across Salida, Fremont County, Colorado
In Salida, property tax bills are calculated based on the assessed value of a home, which is determined by the Fremont County Assessor. The assessed value is a percentage of the property's market value. Factors such as property size, location, and improvements can influence this valuation. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. For instance, with a median home price of $279,122, homeowners can expect varying tax bills. The 25th percentile tax bill is around $625, while the 75th percentile tax bill reaches $1,763. At the 90th percentile, the tax bill climbs to $3,007. These figures illustrate the range of property tax obligations homeowners might face. Compared to the national median property tax rate of 0.99%, Salida's property tax rates can be considered relatively moderate, offering a balanced approach to funding local services without overly burdening homeowners. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Salida Tax Bill
$1,041
Average Fremont County Tax Bill
$1,012
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Salida, Fremont County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81201 | $307 | $625 | $1,041 | $1,763 | $3,007 |
Source: Ownwell