Indian Hills, Colorado Property Taxes
The median property tax rate in Indian Hills, CO is 0.80%, which is lower than the national median of 0.99% but higher than the Colorado state median of 0.55%. With a median home value of $424,560 in Indian Hills, the typical annual property tax bill amounts to $3,188, surpassing the national median of $2,690. Property taxes here 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 Indian Hills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Indian Hills or another part of Jefferson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Indian Hills, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$3,396
Ownwell’s INDIAN HILLS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in INDIAN HILLS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in INDIAN HILLS 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 Indian Hills, Colorado
Property taxes in Indian Hills, Colorado, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Indian Hills is 0.80%, which is lower than the U.S. national median of 0.99%. Local government entities within Indian Hills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Indian Hills 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 Indian Hills' effective property tax rate to other counties in Colorado and the national median. For comparison, the zip code 80454 has both the highest and the lowest median property tax rate of 0.80%. Understanding how these cities compare with Indian Hills 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 Indian Hills Tax Rate
0.80%
Average Jefferson County Tax Rate
0.66%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Indian Hills, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80454 | 0.59% | 0.66% | 0.80% | 0.80% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Indian Hills, Colorado
In Indian Hills, 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's Office 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 Indian Hills, 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 Indian Hills 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 both amount to $3,188, found in the 80454 zip code.
Average Indian Hills Assessed Value
$424,560
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 Indian Hills, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80454 | $127,712 | $313,151 | $424,560 | $568,140 | $803,364 |
Source: Ownwell
Property Tax Bills Across Indian Hills, Colorado
In Indian Hills, Jefferson County, CO, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in Indian Hills is $424,560. Property taxes are determined by applying the local tax rate to this assessed value. For homeowners in this area, the tax bill can vary significantly. For instance, the 25th percentile tax bill is around $2,240, while the 75th percentile tax bill is approximately $4,315. At the higher end, the 90th percentile tax bill reaches up to $6,137. Various factors influence these tax bills, including property size, location, and any applicable exemptions or deductions. Homeowners in Indian Hills might find their property tax bills higher or lower than the national median property tax rate of 0.99%. Understanding how these factors come into play can help homeowners anticipate their tax obligations and plan accordingly. The highest and lowest median tax bills in the area are both reported at $3,188, indicating some consistency in the tax assessments within the region.
Average Indian Hills Tax Bill
$3,188
Average Jefferson County Tax Bill
$2,797
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Indian Hills, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80454 | $995 | $2,240 | $3,188 | $4,315 | $6,137 |
Source: Ownwell