Evergreen, Colorado Property Taxes
The median property tax rate in Evergreen, CO is 0.21%, significantly lower than both the national median of 0.99% and Colorado's state median of 0.55%. With the median home value in Evergreen at $645,520, the typical annual property tax bill is $1,385, well below the national median of $2,690. Property taxes in Evergreen are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Evergreen'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 Evergreen 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
Evergreen, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.21%
Estimate Property Tax Bill
$1,356
Ownwell’s Evergreen Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Evergreen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Evergreen 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 Evergreen, Colorado
Property taxes in Evergreen, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Evergreen is 0.21%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Evergreen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Evergreen 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 Evergreen's effective property tax rate to other counties in Colorado and the national median. For comparison, the highest median property tax rate in the state is 0.75%, while the lowest median tax rate is 0.21%. Understanding how these cities compare with Evergreen provides valuable insights into the varying tax landscape across Gilpin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Evergreen Tax Rate
0.21%
Average Gilpin County Tax Rate
0.41%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Evergreen, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80439 | 0.21% | 0.21% | 0.21% | 0.21% | 0.21% |
Source: Ownwell
Property Tax Assessment Values Across Evergreen, Colorado
In Evergreen, 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 Gilpin 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 Evergreen, 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 Evergreen helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 80439 has the highest and lowest median tax bill, both at $1,385.
Average Evergreen Assessed Value
$645,520
Average Gilpin County Assessed Value
$340,645
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Evergreen, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80439 | $645,520 | $645,520 | $645,520 | $645,520 | $645,520 |
Source: Ownwell
Property Tax Bills Across Evergreen, Colorado
In Evergreen, located in Gilpin County, CO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the property's market value. Homeowners in Evergreen typically see property tax bills around $1,385, which is relatively uniform across different percentiles, indicating a consistent assessment approach in the area. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions. With a median home price of $645,520, Evergreen's property tax rate is competitive compared to the national median property tax rate of 0.99%. For homeowners, this means a predictable and manageable property tax bill, contributing to financial planning stability. Understanding how these taxes are calculated helps homeowners anticipate their financial obligations and plan accordingly, ensuring that they are not caught off guard by unexpected expenses.
Average Evergreen Tax Bill
$1,385
Average Gilpin County Tax Bill
$1,047
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Evergreen, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80439 | $1,385 | $1,385 | $1,385 | $1,385 | $1,385 |
Source: Ownwell