Bethune, Colorado Property Taxes
The median property tax rate in Bethune, CO is 0.60%, slightly higher than the state median of 0.55% but still below the national median of 0.99%. With the median home value in Bethune at $118,002, the typical annual property tax bill is $890, significantly less than the national median of $2,690. Property taxes in Bethune 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 Bethune's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Bethune or another part of Kit Carson County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bethune, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$708
Ownwell’s Bethune Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bethune with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bethune 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 Bethune, Colorado
Property taxes in Bethune, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bethune is 0.60%, lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Bethune set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bethune 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 Bethune's effective property tax rate to other counties in Colorado and the national median. For comparison, the zip code 80805 has the median property tax rate of 0.60%, which is consistent across the region. Understanding how these cities compare with Bethune provides valuable insights into the varying tax landscape across Kit Carson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bethune Tax Rate
0.60%
Average Kit Carson County Tax Rate
0.57%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bethune, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80805 | 0.57% | 0.58% | 0.60% | 0.84% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Bethune, Colorado
In Bethune, 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 Kit Carson 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 Bethune, 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 Bethune 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 80805 zip code both stand at $890, offering a clear example of local property tax dynamics.
Average Bethune Assessed Value
$118,002
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 Bethune, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80805 | $14,887 | $61,561 | $118,002 | $220,020 | $373,374 |
Source: Ownwell
Property Tax Bills Across Bethune, Colorado
In Bethune, Kit Carson County, CO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This value is a percentage of the property's market value. For instance, with a median home price of $118,002, the assessed value is then multiplied by the local tax rate to determine the tax bill. The median property tax rate in Bethune is significantly lower than the national median of 0.99%. Several factors influence the final tax bill, including the property's location within specific taxing districts, any applicable exemptions, and improvements made to the property. For example, tax bills in Bethune range widely, with the 25th percentile at $404 and the 90th percentile reaching up to $3,117. This variation is due to differences in property values and applicable tax rates across the county. For homeowners, understanding these factors is crucial, as property taxes represent a significant portion of homeownership costs, impacting annual budgeting and long-term financial planning.
Average Bethune Tax Bill
$890
Average Kit Carson County Tax Bill
$754
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Bethune, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80805 | $71 | $404 | $890 | $1,825 | $3,117 |
Source: Ownwell