Mancos, Colorado Property Taxes
The median property tax rate in Mancos, CO is 0.26%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Mancos at $611,405, the typical annual property tax bill is $1,540, which is below the national median of $2,690. Property taxes in Mancos are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mancos'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 Mancos or another part of La Plata County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mancos, Colorado Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$1,100
Ownwell’s Mancos Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mancos with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mancos 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 Mancos, Colorado
Property taxes in Mancos, Colorado, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Mancos is 0.26%, significantly lower than both the Colorado state median of 0.51% and the U.S. national median of 0.99%. Local government entities within Mancos set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mancos 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 Mancos's effective property tax rate to other counties in Colorado and the national median. For comparison, Douglas County has the highest median property tax rate of 0.61%, while Baca County has the lowest median tax rate of 0.24%. Understanding how these cities compare with Mancos provides valuable insights into the varying tax landscape across La Plata County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mancos Tax Rate
0.26%
Average La Plata County Tax Rate
0.25%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mancos, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81328 | 0.19% | 0.20% | 0.26% | 0.26% | 0.26% |
Source: Ownwell
Property Tax Assessment Values Across Mancos, Colorado
In Mancos, 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 La Plata 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 Mancos, 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 Mancos helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 81328 has both the highest and lowest median tax bill at $1,540, reflecting the uniformity in tax assessments within the area.
Average Mancos Assessed Value
$611,405
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 Mancos, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81328 | $345,001 | $555,625 | $611,405 | $704,028 | $776,872 |
Source: Ownwell
Property Tax Bills Across Mancos, Colorado
In Mancos, located in La Plata County, CO, property tax bills are calculated based on the assessed value of your home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the property tax bill. For instance, with a median home price of $611,405, homeowners can expect varying tax bills. The 25th percentile tax bill is around $1,282, while the 75th percentile tax bill reaches up to $1,691. The 90th percentile tax bill is even higher at $1,838. These figures indicate that property taxes in Mancos can vary significantly depending on the value of the property. Homeowners in Mancos should be aware that their property tax bills are influenced by the local tax rate and the assessed value of their homes. This affects the overall cost of homeownership, making it important for residents to understand how these factors interplay. Compared to the national median property tax rate of 0.99%, Mancos' property tax rates are relatively moderate, which can be beneficial for homeowners.
Average Mancos Tax Bill
$1,540
Average La Plata County Tax Bill
$1,300
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Mancos, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81328 | $1,082 | $1,282 | $1,540 | $1,691 | $1,838 |
Source: Ownwell