Almont, Colorado Property Taxes
The median property tax rate in Almont, 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 $367,775 in Almont, the typical annual property tax bill is $1,567, which is well below the national median of $2,690. Property taxes in Almont are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Almont'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 Almont or another part of Gunnison County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Almont, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.42%
Estimate Property Tax Bill
$1,545
Ownwell’s Almont Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Almont with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Almont 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 Almont, Colorado
Property taxes in Almont, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Almont is 0.42%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Almont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Almont 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 Almont's effective property tax rate to other counties in Colorado and the national median. For comparison, the 81210 zip code has both the highest and lowest median property tax rate at 0.42%. Understanding how these cities compare with Almont provides valuable insights into the varying tax landscape across Gunnison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Almont Tax Rate
0.42%
Average Gunnison County Tax Rate
0.46%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Almont, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81210 | 0.41% | 0.42% | 0.42% | 0.42% | 0.42% |
Source: Ownwell
Property Tax Assessment Values Across Almont, Colorado
In Almont, 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 Gunnison 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 Almont, 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 Almont helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 81210, with a tax bill of $1567.00.
Average Almont Assessed Value
$367,775
Average Gunnison County Assessed Value
$413,850
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Almont, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81210 | $105,976 | $188,212 | $367,775 | $691,078 | $1,232,097 |
Source: Ownwell
Property Tax Bills Across Almont, Colorado
In Almont, located in Gunnison 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, and the tax rate is applied to this assessed value to determine the tax bill. For instance, with a median home price of $367,775, homeowners can expect varying tax bills depending on their property's assessed value and specific circumstances. Factors such as the property's location, size, and improvements can influence the assessed value. In Almont, the 25th percentile tax bill is around $805, while the 75th percentile tax bill reaches $2,986. For those in the 90th percentile, tax bills can soar to $5,265. Comparing these figures with the national median property tax rate of 0.99%, homeowners in Almont may find their tax rates higher or lower depending on their specific property characteristics. This variability can significantly impact household budgets and the overall cost of homeownership in the area.
Average Almont Tax Bill
$1,567
Average Gunnison County Tax Bill
$1,892
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Almont, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81210 | $467 | $805 | $1,567 | $2,986 | $5,265 |
Source: Ownwell