Burlington, Colorado Property Taxes
The median property tax rate in Burlington, CO is 0.57%, slightly higher than the Colorado state median of 0.55% but still well below the national median of 0.99%. With the median home value in Burlington at $131,855, the typical annual property tax bill is approximately $753, significantly lower than the national median of $2,690. Property taxes in Burlington are calculated based on the assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Burlington'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 Burlington or another part of Kit Carson County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Burlington, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.57%
Estimate Property Tax Bill
$752
$697
Ownwell’s Burlington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Burlington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Burlington 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 Burlington, Colorado
Property taxes in Burlington, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Burlington is 0.57%, lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Burlington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Burlington 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 Burlington's effective property tax rate to other counties in Colorado and the national median. For comparison, the 80807 zip code has the highest median property tax rate of 0.57%, while the same 80807 zip code also has the lowest median tax rate of 0.57%. Understanding how these cities compare with Burlington 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 Burlington Tax Rate
0.57%
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 Burlington, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80807 | 0.51% | 0.57% | 0.57% | 0.57% | 0.61% |
Source: Ownwell
Property Tax Assessment Values Across Burlington, Colorado
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Burlington, Colorado. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as location, property condition, and economic trends. This value is estimated by the local 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 Burlington, 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 median home price in Burlington is $131,855, with tax bills ranging from $412 at the 25th percentile to $1,827 at the 90th percentile. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Burlington Assessed Value
$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 Burlington, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80807 | $8,063 | $73,486 | $131,855 | $188,839 | $293,608 |
Source: Ownwell
Property Tax Bills Across Burlington, Colorado
In Burlington, Kit Carson County, CO, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and typically represents a percentage of the property's market value. For example, with a median home price of $131,855, the property tax bill can vary significantly. Homeowners in Burlington might see tax bills around $412 at the 25th percentile, while those at the 75th percentile could pay up to $1,087. At the 90th percentile, the tax bill can reach as high as $1,827. These variations depend on factors like property size, location, and improvements. Compared to the national median property tax rate of 0.99%, Burlington offers a range of tax bills that reflect the diverse property values within the area. High or low, these taxes directly impact homeowners by influencing their annual housing costs and overall affordability. Understanding these factors helps homeowners plan their finances better and anticipate their annual property tax obligations.
Average Burlington Tax Bill
$753
Average Kit Carson County Tax Bill
$754
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Burlington, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80807 | $38 | $412 | $753 | $1,087 | $1,827 |
Source: Ownwell