Walden, Colorado Property Taxes
The median property tax rate in Walden, CO is 0.40%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Walden, the typical annual property tax bill is $556, which is well below the national median of $2,690. Property taxes in Walden are determined based on the tax assessed value, which is often less than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Walden'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 Walden 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
Walden, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$477
$442
Ownwell’s Walden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Walden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Walden 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 Walden, Colorado
Property taxes in Walden, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Walden is 0.40%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Walden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Walden 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 Walden's effective property tax rate to other counties in Colorado and the national median. For comparison, the 80480 zip code has the highest median property tax rate of 0.40%, while the lowest median tax rate is also 0.40%. Understanding how these cities compare with Walden 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 Walden Tax Rate
0.40%
Average Jackson County Tax Rate
0.33%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Walden, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80430 | 0.28% | 0.33% | 0.33% | 0.39% | 0.70% |
| 80480 | 0.30% | 0.33% | 0.40% | 0.40% | 0.52% |
Source: Ownwell
Property Tax Assessment Values Across Walden, Colorado
In Walden, 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 Walden, 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 example, the median property tax bill in Walden is $593 in the 80430 zip code, while it is $551 in the 80480 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 Walden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Walden Assessed Value
$119,206
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 Walden, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80430 | $35,426 | $91,404 | $167,264 | $271,653 | $510,906 |
| 80480 | $5,376 | $24,172 | $110,201 | $196,242 | $316,339 |
Source: Ownwell
Property Tax Bills Across Walden, Colorado
In Walden, 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 local assessment rate and the specific mill levies set by various taxing authorities, such as school districts and municipalities, play a crucial role in determining the final tax bill. For example, with a median home price of $119,206, homeowners can expect varying tax bills. The 25th percentile tax bill is around $320, while the 75th percentile reaches up to $905, and the 90th percentile can be as high as $1,913. These differences in tax bills reflect the range of property values and the specific mill levies applied. Compared to the national median property tax rate of 0.99%, Walden's rates can impact homeowners differently, depending on their property's assessed value. Higher-valued properties typically incur higher tax bills, which can affect a homeowner's budget and long-term financial planning. Understanding these factors is essential for homeowners in managing their property-related expenses effectively.
Average Walden Tax Bill
$556
Average Jackson County Tax Bill
$560
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Walden, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80430 | $255 | $366 | $593 | $1,088 | $3,560 |
| 80480 | $160 | $307 | $551 | $884 | $1,747 |
Source: Ownwell