La Plata County, Colorado Property Taxes
The median property tax rate in La Plata County is 0.25%, which is significantly lower than both the national median of 0.99% and Colorado's state median of 0.55%. With the median home value in La Plata County at $472,120, the typical annual property tax bill is around $1,300, considerably less than the national median of $2,690. Property taxes in La Plata County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding La Plata County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Durango or another part of La Plata County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
La Plata County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.25%
Estimate Property Tax Bill
$1,180
$1,095
Ownwell’s La Plata Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in La Plata with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in La Plata 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 La Plata County, Colorado
Property taxes in La Plata County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in La Plata County is 0.25%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within La Plata County set these rates annually, and they can vary significantly between different areas within the county. Each year, La Plata 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. Analyzing how La Plata County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average La Plata County Tax Rate
0.25%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across La Plata County, Colorado
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in La Plata. 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 La Plata 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 La Plata 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. Mancos has the highest median tax bill at $1,540, while Marvel has the lowest at $319. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across La Plata County, Colorado
Source: Ownwell
$125,730
$345,800
$565,870
Average La Plata County Assessed Value
$472,120
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across La Plata County, Colorado
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bayfield | $127,894 | $275,630 | $379,230 | $490,100 | $655,910 |
| Durango | $185,676 | $372,925 | $545,970 | $766,915 | $1,065,906 |
| Hesperus | $62,290 | $186,880 | $366,660 | $625,000 | $1,089,518 |
| Ignacio | $32,286 | $92,945 | $215,495 | $326,425 | $455,177 |
| Mancos | N/A | N/A | N/A | N/A | N/A |
| Marvel | $22,604 | $39,020 | $125,730 | $205,020 | $232,680 |
Source: Ownwell
Property Tax Bills Across La Plata County, Colorado
In La Plata County, CO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The county assessor determines this assessed value, and the tax rate is then applied to it. Factors such as the property's location, size, and condition play a significant role in determining its market value. Homeowners in La Plata County can expect varying tax bills. For example, the median home price is $472,120, and the tax bill at the 25th percentile is around $857, while at the 75th percentile, it rises to $1,874. At the 90th percentile, it can reach up to $2,658. In comparison, the national median property tax rate is 0.99%, highlighting how local rates and property values significantly influence tax bills. The highest median tax bill in the county is found in Mancos at $1,540, whereas Marvel has the lowest at $319. These variations underscore how property taxes can significantly impact homeowners depending on their property's assessed value and location within the county.
Average La Plata County Tax Bill
$1,300
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690