Pine, Jefferson County, Colorado Property Taxes
The median property tax rate in Pine, CO is 0.61%, which is higher than the state median of 0.55% but lower than the national median of 0.99%. With a median home value of $376,200 in Pine, the typical annual property tax bill amounts to $2,349, which is below the national median of $2,690. Property taxes in Pine are calculated based on the assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. By understanding Pine's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners can achieve significant annual savings. Whether you're in the heart of Pine or another part of Jefferson County, a thorough understanding of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pine, Jefferson County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$2,295
$2,130
Ownwell’s Pine Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pine with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pine 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 Pine, Jefferson County, Colorado
Property taxes in Pine, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pine is 0.61%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Pine set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pine 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 Pine's effective property tax rate to other counties in Colorado and the national median. For comparison, the ZIP code 80407 has the highest median property tax rate of 2.56%, while ZIP code 80470 has the lowest median tax rate of 0.61%. Understanding how these areas compare with Pine 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 Pine 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 Pine, Jefferson County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80407 | N/A | N/A | N/A | N/A | N/A |
| 80470 | 0.50% | 0.61% | 0.61% | 0.61% | 2.56% |
Source: Ownwell
Property Tax Assessment Values Across Pine, Jefferson County, Colorado
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Pine, Colorado. 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 Appraisal District 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 Pine, 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 highest median tax bill in Pine is $3,152 in the 80407 zip code, while the lowest is $2,349 in the 80470 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 Pine helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Pine, Jefferson County, Colorado
Source: Ownwell
$247,994
$528,030
$808,066
Average Pine Assessed Value
$376,200
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 Pine, Jefferson County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80407 | N/A | N/A | N/A | N/A | N/A |
| 80470 | $37,481 | $172,765 | $376,474 | $511,886 | $713,130 |
Source: Ownwell
Property Tax Bills Across Pine, Jefferson County, Colorado
In the city of Pine, located in Jefferson County, CO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Various factors influence this calculation, including the home's location, size, and any improvements made to the property. For homeowners in Pine, the median home price is $376,200. Property tax bills can vary significantly, with the 25th percentile paying around $1,139 annually, while those in the 75th percentile see bills closer to $3,254. At the 90th percentile, tax bills can reach up to $4,852. Comparatively, Jefferson County's highest median tax bill is in the 80407 zip code at $3,152, while the lowest is in the 80470 zip code at $2,349. These variations can significantly impact homeowners' finances, making it crucial for them to understand how their property tax is determined.
Average Pine Tax Bill
$2,349
Average Jefferson County Tax Bill
$2,797
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Pine, Jefferson County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80407 | N/A | N/A | N/A | N/A | N/A |
| 80470 | $251 | $1,139 | $2,349 | $3,255 | $4,853 |
Source: Ownwell