Foxton, Colorado Property Taxes
The median property tax rate in Foxton, CO is 0.61%, which is lower than the national median of 0.99% but slightly higher than the Colorado state median of 0.55%. With the median home value in Foxton at $111,143, the typical annual property tax bill is around $700, significantly below the national median of $2,690. Property taxes in Foxton are based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Foxton'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 Foxton or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Foxton, Colorado Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$1,100
Ownwell’s Foxton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Foxton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Foxton 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 Foxton, Colorado
Property taxes in Foxton, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Foxton is 0.61%, which is lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Foxton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Foxton 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 Foxton's effective property tax rate to other counties in Colorado and the national median. For comparison, the 80433 zip code has the highest median property tax rate of 2.56%, while the 80441 zip code has the lowest median tax rate of 0.61%. Understanding how these cities compare with Foxton provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Foxton Tax Rate
0.61%
Average Jefferson County Tax Rate
0.66%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Foxton, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80433 | 2.56% | 2.56% | 2.56% | 2.56% | 2.56% |
| 80441 | 0.61% | 0.61% | 0.61% | 0.61% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Foxton, Colorado
In Foxton, 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 Jefferson 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. Assessment notices in Foxton 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 Foxton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in Jefferson County is $706 in the 80441 zip code, while the lowest is $181 in the 80433 zip code.
Average Foxton Assessed Value
$111,143
Average Jefferson County Assessed Value
$436,276
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Foxton, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80433 | $7,077 | $7,077 | $7,077 | $7,077 | $7,077 |
| 80441 | $65,666 | $98,036 | $112,996 | $126,940 | $214,185 |
Source: Ownwell
Property Tax Bills Across Foxton, Colorado
In Foxton, Jefferson County, CO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This value is typically a fraction of the market value. Homeowners in Foxton can expect their property tax bills to vary significantly, depending on factors such as property size, location, and any improvements made. The median home price in Foxton is $111,143, with tax bills ranging from the 25th percentile at $637 to the 75th percentile at $858, and the 90th percentile reaching up to $1,213. These tax bills are influenced by the county's tax rate, which is applied to the assessed value of the property. The highest median tax bill in the area is $706, found in the 80441 zip code, while the lowest is $181 in the 80433 zip code. Compared to the national median property tax rate of 0.99%, Foxton's rates can offer some relief to homeowners, depending on their specific property assessments and local tax regulations.
Average Foxton Tax Bill
$700
Average Jefferson County Tax Bill
$2,797
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Foxton, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80433 | $181 | $181 | $181 | $181 | $181 |
| 80441 | $616 | $683 | $706 | $862 | $1,326 |
Source: Ownwell