Vona, Colorado Property Taxes
The median property tax rate in Vona, CO is 0.68%, which is lower than the national median of 0.99% but higher than the Colorado state median of 0.55%. With a median home value of $94,876 in Vona, the typical annual property tax bill is approximately $672, well below the national median of $2,690. Property taxes in Vona are determined based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Vona'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 Vona or another part of Kit Carson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Vona, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$645
$599
Ownwell’s Vona Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Vona with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Vona 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 Vona, Colorado
Property taxes in Vona, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Vona is 0.68%, which is lower than the U.S. national median of 0.99%. Local government entities within Vona set these rates annually, and they can vary significantly across different neighborhoods. Each year, Vona 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 Vona's effective property tax rate to other areas in Kit Carson County and the national median. For comparison, the zip code 80861 has the highest median property tax rate of 0.68%, while the same zip code also has the lowest median tax rate of 0.68%. Understanding how these areas compare with Vona 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 Vona Tax Rate
0.68%
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 Vona, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80861 | 0.56% | 0.67% | 0.68% | 0.86% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Vona, Colorado
In Vona, 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 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 Vona, 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. The median home price in Vona is $94,876, with tax bills ranging from $320 at the 25th percentile to $2,418 at the 90th percentile. The zip code 80861 has both the highest and lowest median tax bill at $672. Being aware of these valuation processes in Vona helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Vona Assessed Value
$94,876
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 Vona, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80861 | $18,033 | $50,858 | $94,876 | $159,169 | $231,581 |
Source: Ownwell
Property Tax Bills Across Vona, Colorado
In Vona, located in 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 assessed value is a percentage of the home's market value. For instance, if the median home price is $94,876, the assessed value would be a fraction of this amount. The property tax rate is then applied to this assessed value to calculate the tax bill. Several factors influence the final tax bill, including the property's location within the county, applicable exemptions, and any local tax levies. Homeowners in Vona can expect their property tax bills to vary significantly. For example, the 25th percentile tax bill is $320, while the 75th percentile tax bill is $1,248, and the 90th percentile tax bill reaches up to $2,418. These property taxes contribute to local services, such as schools and infrastructure, directly impacting the community. Homeowners need to be aware of these variations to budget effectively and understand how changes in property values or tax rates can affect their annual expenses.
Average Vona Tax Bill
$672
Average Kit Carson County Tax Bill
$754
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Vona, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80861 | $74 | $320 | $672 | $1,248 | $2,418 |
Source: Ownwell