Arlington, Colorado Property Taxes
The median property tax rate in Arlington, CO is 1.74%, considerably higher than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Arlington at $74,864, the typical annual property tax bill reaches $801, exceeding the national median of $2,690. Property taxes in Arlington are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Arlington's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Arlington 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
Arlington, 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 Arlington Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Arlington with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Arlington to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities and make informed financial decisions. For those interested in neighborhood-level trends, more localized information is available by scrolling down. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Arlington, Colorado
Property taxes in Arlington, Colorado, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arlington is 1.74%, significantly higher than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Arlington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arlington 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 Arlington's effective property tax rate to other counties in Colorado and the national median. For comparison, the 81021 zip code has the highest median property tax rate of 1.74%, while the 81021 zip code also has the lowest median tax rate of 1.74%. Understanding how these cities compare with Arlington provides valuable insights into the varying tax landscape across Kiowa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arlington Tax Rate
1.74%
Average Kiowa County Tax Rate
0.98%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arlington, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81021 | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Arlington, Colorado
In Arlington, 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 Kiowa 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 Arlington, 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 Arlington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $801, found in the 81021 zip code.
Average Arlington Assessed Value
$74,864
Average Kiowa County Assessed Value
$47,865
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arlington, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81021 | $51,846 | $60,477 | $74,864 | $89,250 | $97,882 |
Source: Ownwell
Property Tax Bills Across Arlington, Colorado
In Arlington, located in Kiowa 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 Arlington is $74,864. Property taxes are determined by multiplying the assessed value by the local tax rate. In Arlington, the median property tax bill is $801, which is consistent across various percentiles, including the 25th, 75th, and 90th percentiles. This uniformity indicates a stable and predictable tax environment for homeowners. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Arlington's tax rate results in a relatively modest tax bill, providing financial relief to homeowners. For instance, a median home priced at $74,864 with a tax bill of $801 reflects a lower effective tax rate, making homeownership more affordable in the region.
Average Arlington Tax Bill
$801
Average Kiowa County Tax Bill
$440
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Arlington, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81021 | $801 | $801 | $801 | $801 | $801 |
Source: Ownwell