Eads, Kiowa County, Colorado Property Taxes
The median property tax rate in Eads, CO is 0.98%, slightly below the national median of 0.99% but significantly higher than the Colorado state median of 0.55%. With a median home value of $52,086 in Eads, the typical annual property tax bill amounts to $488, which is considerably lower than the national median of $2,690. Property taxes in Eads are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Eads' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Eads or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Eads, Kiowa County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$510
$474
Ownwell’s Eads Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eads with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eads 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 Eads, Kiowa County, Colorado
Property taxes in Eads, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eads is 0.98%, slightly lower than the U.S. national median of 0.99%. Local government entities within Eads set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eads 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 Eads's effective property tax rate to other counties in Colorado and the national median. For comparison, the 81036 zip code has both the highest and lowest median property tax rate of 0.98%. Understanding how these cities compare with Eads 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 Eads Tax Rate
0.98%
Average Kiowa County Tax Rate
0.98%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eads, Kiowa County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81036 | 0.49% | 0.63% | 0.98% | 0.98% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Eads, Kiowa County, Colorado
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Eads, 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 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 Eads, 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 Eads helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Eads is $52,086, with median tax bills ranging from $282 at the 25th percentile to $1,250 at the 90th percentile. Interestingly, the zip code 81036 has both the highest and lowest median tax bill at $488.
Property Tax Assessment Values Across Eads, Kiowa County, Colorado
Source: Ownwell
$23,458
$37,772
$52,086
Average Eads Assessed Value
$52,086
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 Eads, Kiowa County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81036 | $10,438 | $22,733 | $52,086 | $91,079 | $135,828 |
Source: Ownwell
Property Tax Bills Across Eads, Kiowa County, Colorado
In Eads, located in Kiowa County, CO, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The local tax rate is then applied to this assessed value to determine the annual property tax bill. Several factors influence the final tax bill, including the home's location, size, and market conditions. For example, the median home price in Eads is $52,086, and property tax bills can range significantly. Homeowners in the 25th percentile pay around $282, while those in the 75th percentile face bills of about $731. The 90th percentile sees tax bills as high as $1,250. Notably, the highest median tax bill in the area is $488, found in the 81036 zip code. These property taxes significantly impact homeowners by affecting their overall housing costs and financial planning, making it crucial to understand how these taxes are calculated and how they vary within the region.
Average Eads Tax Bill
$488
Average Kiowa County Tax Bill
$440
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Eads, Kiowa County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81036 | $132 | $282 | $488 | $731 | $1,250 |
Source: Ownwell