Huerfano County, Colorado Property Taxes
The median property tax rate in Huerfano County is 0.60%, which is slightly higher than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Huerfano County, the typical annual property tax bill is $439, significantly lower than the national median of $2,690. Property taxes in Huerfano County are calculated based on the tax assessed value, typically lower than the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Huerfano County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Walsenburg or another part of Huerfano County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Huerfano County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$500
$464
Ownwell’s Huerfano County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Huerfano County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Huerfano County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Huerfano County, Colorado
Property taxes in Huerfano County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Huerfano County is 0.60%, which is lower than the U.S. national median of 0.99%. Local government entities within Huerfano County set these rates annually, and they can vary significantly between different areas within the county. Each year, Huerfano County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Huerfano County's effective property tax rate with other counties in Colorado and the national median. For comparison, the city of La Veta has one of the higher property tax rates in Colorado at 0.61%, while the city of Rye boasts one of the lowest at 0.52%. Analyzing how Huerfano County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Huerfano County Tax Rate
0.60%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Huerfano County, Colorado
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Gardner | 0.27% | 0.54% | 0.54% | 0.54% | 0.56% |
| La Veta | 0.39% | 0.58% | 0.61% | 0.63% | 0.63% |
| Rye | 0.26% | 0.39% | 0.52% | 0.59% | 0.59% |
| Walsenburg | 0.30% | 0.52% | 0.60% | 0.60% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Huerfano County, Colorado
In Huerfano County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Huerfano County Appraisal District. The assessed value, however, 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 Huerfano County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Huerfano County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Huerfano County, La Veta has the highest median tax bill at $840, while Gardner has the lowest at $372.
Property Tax Assessment Values Across Huerfano County, Colorado
Source: Ownwell
$72,886
$109,456
$146,026
Average Huerfano County Assessed Value
$83,356
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Huerfano County, Colorado
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Gardner | $30,468 | $49,530 | $89,276 | $128,653 | $196,464 |
| La Veta | $26,337 | $78,566 | $146,026 | $237,636 | $359,396 |
| Rye | $26,209 | $53,359 | $118,011 | $180,958 | $235,378 |
| Walsenburg | $16,164 | $44,634 | $72,886 | $122,819 | $194,873 |
Source: Ownwell
Property Tax Bills Across Huerfano County, Colorado
Property tax bills in Huerfano County, Colorado, are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is a percentage of the property's market value. Homeowners in Huerfano County see a range of property tax bills, influenced by various factors including property location and market trends. For example, the tax bill at the 25th percentile is $247, while at the 75th percentile, it rises to $838. The highest median tax bill in the county can be found in La Veta at $840, whereas Gardner has the lowest median tax bill at $372. Compared to the national median property tax rate of 0.99%, Huerfano County's property tax implications can vary significantly. These taxes fund essential local services like schools, emergency services, and infrastructure, directly impacting homeowners' finances and the quality of community services. Understanding these factors can help homeowners anticipate their property tax obligations and manage their budgets accordingly.
Average Huerfano County Tax Bill
$439
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Huerfano County, Colorado
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Gardner | $104 | $248 | $372 | $739 | $1,063 |
| La Veta | $159 | $408 | $840 | $1,457 | $2,167 |
| Rye | $110 | $310 | $546 | $886 | $1,397 |
| Walsenburg | $94 | $229 | $386 | $673 | $1,105 |
Source: Ownwell