Rollinsville, Colorado Property Taxes
The median property tax rate in Rollinsville, CO is 0.51%, considerably lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Rollinsville at $361,955, the typical annual property tax bill reaches $1,773, which is significantly below the national median of $2,690. Property taxes in Rollinsville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Rollinsville'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 Rollinsville or another part of Gilpin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rollinsville, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.51%
Estimate Property Tax Bill
$1,846
Ownwell’s Rollinsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rollinsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rollinsville 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 Gilpin County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Rollinsville, Colorado
Property taxes in Rollinsville, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rollinsville is 0.51%, which is lower than the U.S. national median of 0.99%. Local government entities within Rollinsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rollinsville 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 Rollinsville's effective property tax rate to other areas in Colorado and the national median. For comparison, the ZIP code 80474 has both the highest and lowest median property tax rate of 0.51%. Understanding how these areas compare with Rollinsville 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 Rollinsville Tax Rate
0.51%
Average Gilpin County Tax Rate
0.41%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rollinsville, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80474 | 0.41% | 0.51% | 0.51% | 0.51% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Rollinsville, Colorado
In Rollinsville, 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 Rollinsville, 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. For instance, the median home price in Rollinsville is $361,955, with tax bills ranging from $1,115 at the 25th percentile to $2,815 at the 90th percentile. The highest and lowest median tax bills are both $1,773, found in the 80474 zip code. 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 Rollinsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Rollinsville Assessed Value
$361,955
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 Rollinsville, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80474 | $121,738 | $227,828 | $361,955 | $463,008 | $537,401 |
Source: Ownwell
Property Tax Bills Across Rollinsville, Colorado
In Rollinsville, CO, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the property's market value, which is determined by the county assessor. For example, if the median home price in Rollinsville is $361,955, the assessed value would be a fraction of this amount. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including property location, home size, and any applicable exemptions. In Gilpin County, where Rollinsville is located, the median property tax bill is $1,773, which is significantly lower than the national median of 0.99%. For homeowners, this means a more manageable tax burden compared to other regions. However, tax bills can vary; for instance, the 25th percentile tax bill is $1,115, while the 75th percentile is $2,295, and the 90th percentile reaches $2,815, reflecting differences in property values and specific assessments.
Average Rollinsville Tax Bill
$1,773
Average Gilpin County Tax Bill
$1,047
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Rollinsville, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80474 | $538 | $1,115 | $1,773 | $2,295 | $2,815 |
Source: Ownwell