Cowdrey, Colorado Property Taxes
The median property tax rate in Cowdrey, CO is 0.33%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With a median home value of $89,512, the typical annual property tax bill in Cowdrey amounts to $359, far below the national median of $2,690. Property taxes in Cowdrey are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Cowdrey'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 Cowdrey or elsewhere in the county, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cowdrey, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.33%
Estimate Property Tax Bill
$295
Ownwell’s Cowdrey Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cowdrey with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cowdrey 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 Cowdrey, Colorado
Property taxes in Cowdrey, Colorado, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Cowdrey is 0.33%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Cowdrey set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cowdrey 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 Cowdrey's effective property tax rate to other counties in Colorado and the national median. For comparison, the highest median property tax rate in Colorado is found in 80111 with a rate of 0.6%, while the lowest median tax rate is in 80231 at 0.25%. Understanding how these cities compare with Cowdrey provides valuable insights into the varying tax landscape across Jackson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cowdrey Tax Rate
0.33%
Average Jackson County Tax Rate
0.33%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cowdrey, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80434 | 0.33% | 0.33% | 0.33% | 0.33% | 0.33% |
Source: Ownwell
Property Tax Assessment Values Across Cowdrey, Colorado
In Cowdrey, 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 Jackson 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 Cowdrey, 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 Cowdrey 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 $359, found in the 80434 zip code.
Average Cowdrey Assessed Value
$89,512
Average Jackson County Assessed Value
$122,642
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cowdrey, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80434 | $12,934 | $41,227 | $89,512 | $171,768 | $341,725 |
Source: Ownwell
Property Tax Bills Across Cowdrey, Colorado
In Cowdrey, located in Jackson County, CO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Cowdrey is $89,512. Homeowners can expect their property tax bill to vary significantly depending on their property's assessed value and the local tax rate. For instance, the 25th percentile tax bill is around $164, while the 75th percentile reaches $589, and the 90th percentile can be as high as $1,308. These tax bills are influenced by several factors, including the home's market value, any applicable exemptions, and the specific tax rate set by local authorities. With the highest median tax bill in the area being $359, homeowners in Cowdrey might find their property taxes relatively manageable compared to the national median property tax rate of 0.99%. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan their finances accordingly.
Average Cowdrey Tax Bill
$359
Average Jackson County Tax Bill
$560
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Cowdrey, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80434 | $84 | $164 | $359 | $589 | $1,308 |
Source: Ownwell