Walsenburg, Colorado Property Taxes
The median property tax rate in Walsenburg, CO is 0.60%, slightly higher than the Colorado state median of 0.55% but below the national median of 0.99%. With a median home value in Walsenburg of $72,886, the typical annual property tax bill is $386, significantly lower than the national median of $2,690. Property taxes in Walsenburg 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 Walsenburg'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 Walsenburg 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
Walsenburg, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$437
Ownwell’s Walsenburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Walsenburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Walsenburg 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 Walsenburg, Colorado
Property taxes in Walsenburg, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Walsenburg is 0.60%, which is lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Walsenburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Walsenburg 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 Walsenburg's effective property tax rate to other counties in Colorado and the national median. For comparison, the 81089 zip code has the highest median property tax rate of 0.60%, while the same zip code also has the lowest median tax rate of 0.60%. Understanding how these cities compare with Walsenburg provides valuable insights into the varying tax landscape across Huerfano County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Walsenburg Tax Rate
0.60%
Average Huerfano County Tax Rate
0.60%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Walsenburg, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81089 | 0.30% | 0.52% | 0.60% | 0.60% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Walsenburg, Colorado
In Walsenburg, 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 Huerfano 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 Walsenburg, 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 Walsenburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $386, found in the 81089 zip code.
Average Walsenburg Assessed Value
$72,886
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 Walsenburg, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81089 | $16,164 | $44,634 | $72,886 | $122,819 | $194,873 |
Source: Ownwell
Property Tax Bills Across Walsenburg, Colorado
In Walsenburg, Huerfano County, CO, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the market value, determined by the county assessor. For homeowners in Walsenburg, the median home price is $72,886. Property tax rates in this area are applied to the assessed value to determine the annual tax bill. Factors influencing the tax bill include the property's location, improvements, and any applicable exemptions. In Walsenburg, the tax bills vary significantly, with the 25th percentile at $229 and the 75th percentile at $673. The 90th percentile sees tax bills as high as $1,105. The median tax bill, both highest and lowest, is $386, which is notably lower than the national median property tax rate of 0.99%. This relatively low property tax rate can be a financial relief for homeowners, making Walsenburg an attractive place for property investment.
Average Walsenburg Tax Bill
$386
Average Huerfano County Tax Bill
$439
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Walsenburg, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81089 | $94 | $229 | $386 | $673 | $1,105 |
Source: Ownwell