Kit Carson County, Colorado Property Taxes
The median property tax rate in Kit Carson County is 0.57%, which is slightly higher than the Colorado state median of 0.55% but significantly lower than the national median of 0.99%. With a median home value of $118,410, the typical annual property tax bill in Kit Carson County is approximately $754, substantially lower than the national median of $2,690. Property taxes in Kit Carson County are calculated based on the assessed value, which is often less than the actual market value due to various exemptions such as those for primary residences and agricultural properties. Understanding the specific property tax system in Kit Carson County, exploring available exemptions, and identifying opportunities for property tax reductions can lead to considerable annual savings. Whether residing in Burlington or another part of Kit Carson County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kit Carson County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.57%
Estimate Property Tax Bill
$675
$626
Ownwell’s Kit Carson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Kit Carson with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Kit Carson to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Kit Carson County, Colorado
Property taxes in Kit Carson County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Kit Carson County is 0.57%, which is lower than the U.S. national median of 0.99%. Local government entities within Kit Carson County set these rates annually, and they can vary significantly between different areas within the county. Each year, Kit Carson County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Flagler has one of the higher property tax rates in the area at 0.75%, while the city of Burlington boasts one of the lowest at 0.57%. Analyzing how Kit Carson County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Kit Carson County Tax Rate
0.57%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Kit Carson County, Colorado
In Kit Carson County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Kit Carson County Appraisal District. The assessed value, however, 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 Kit Carson County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Kit Carson County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. For instance, Bethune has the highest median tax bill at $890, while Vona has the lowest at $672. Understanding these differences can provide valuable insights for property owners.
Property Tax Assessment Values Across Kit Carson County, Colorado
Source: Ownwell
$94,876
$113,366
$131,855
Average Kit Carson County Assessed Value
$118,410
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kit Carson County, Colorado
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bethune | $14,887 | $61,561 | $118,002 | $220,020 | $373,374 |
| Burlington | $8,063 | $73,486 | $131,855 | $188,839 | $293,608 |
| Flagler | $11,678 | $52,133 | $103,803 | $168,453 | $247,049 |
| Seibert | $8,787 | $32,209 | $97,978 | $155,347 | $228,879 |
| Stratton | $13,223 | $51,676 | $105,878 | $176,643 | $292,379 |
| Vona | $18,033 | $50,858 | $94,876 | $159,169 | $231,581 |
Source: Ownwell
Property Tax Bills Across Kit Carson County, Colorado
In Kit Carson County, CO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the tax bill. For homeowners, this means that the higher the market value of their property, the higher their tax bill will be. The median home price in Kit Carson County is $118,410, and tax bills can vary significantly. For example, the 25th percentile tax bill is $372, while the 75th percentile tax bill is $1,191, and the 90th percentile tax bill reaches up to $1,935. Comparatively, Kit Carson County's property tax rates are lower than the national median property tax rate of 0.99%. The highest median tax bill in the county is found in Bethune at $890, whereas Vona has the lowest at $672. These variations can impact homeowners differently, depending on their property's location and value within the county.
Average Kit Carson County Tax Bill
$754
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690