Carbondale, Colorado Property Taxes
The median property tax rate in Carbondale, CO is 0.61%, higher than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Carbondale at $669,525, the typical annual property tax bill reaches $3,880, exceeding the national median of $2,690. Property taxes in Carbondale are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Carbondale'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 Carbondale or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Carbondale, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$4,084
$3,790
Ownwell’s Carbondale Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Carbondale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carbondale 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 Carbondale, Colorado
Property taxes in Carbondale, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Carbondale is 0.61%, which is lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Carbondale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carbondale 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 Carbondale's effective property tax rate to other counties in Colorado and the national median. For comparison, the 81601 zip code has the highest median property tax rate of 1.28%, while the 81623 zip code has the lowest median tax rate of 0.61%. Understanding how these cities compare with Carbondale provides valuable insights into the varying tax landscape across Garfield County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carbondale Tax Rate
0.61%
Average Garfield County Tax Rate
0.50%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carbondale, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81601 | 1.28% | 1.28% | 1.28% | 1.28% | 1.28% |
| 81623 | 0.53% | 0.56% | 0.61% | 0.61% | 0.61% |
Source: Ownwell
Property Tax Assessment Values Across Carbondale, Colorado
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Carbondale, Colorado. 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 Garfield 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. Assessment notices in Carbondale 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. In Carbondale, the zip code with the highest median tax bill is 81623, with a median tax bill of $3,888.00, while the lowest is 81601, with a median tax bill of $119.00. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Carbondale Assessed Value
$669,525
Average Garfield County Assessed Value
$363,015
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carbondale, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81601 | $9,340 | $9,340 | $9,340 | $9,340 | $9,340 |
| 81623 | $319,027 | $460,528 | $669,925 | $973,328 | $1,396,034 |
Source: Ownwell
Property Tax Bills Across Carbondale, Colorado
In Carbondale, CO, property tax bills are calculated based on the assessed value of the home, which is determined by the Garfield County Assessor's Office. The assessed value is a percentage of the property's market value and is used to calculate the tax bill. Various factors, such as the home's location, size, and condition, are considered to determine its market value. Once the assessed value is established, the local tax rate is applied to calculate the property tax bill. In Carbondale, the median home price is $669,525, and the property tax bills can vary significantly. Homeowners in the 25th percentile pay around $2,726, while those in the 75th percentile see bills closer to $5,726. For the top 10% of property values, tax bills can reach up to $8,366. These property taxes fund essential services such as schools, infrastructure, and public safety, directly impacting homeowners by contributing to the community's overall quality of life. With a national median property tax rate of 0.99%, Carbondale's property tax rates reflect the area's property values and local funding needs.
Average Carbondale Tax Bill
$3,880
Average Garfield County Tax Bill
$1,819
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Carbondale, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81601 | $119 | $119 | $119 | $119 | $119 |
| 81623 | $1,950 | $2,733 | $3,888 | $5,730 | $8,367 |
Source: Ownwell