Glen Haven, Colorado Property Taxes
The median property tax rate in Glen Haven, CO is 0.50%, which is notably lower than both the national median of 0.99% and Colorado's state median of 0.55%. With a median home value of $324,500 in Glen Haven, the typical annual property tax bill amounts to $1,597, significantly less than the national median of $2,690. Property taxes in Glen Haven are calculated based on the tax assessed value, which is often below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Glen Haven'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 Glen Haven or another part of Larimer County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Glen Haven, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.5%
Estimate Property Tax Bill
$1,623
$1,506
Ownwell’s Glen Haven Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glen Haven with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glen Haven 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 Glen Haven, Colorado
Property taxes in Glen Haven, Colorado, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Glen Haven is 0.50%, which is lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Glen Haven set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glen Haven 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 Glen Haven's effective property tax rate to other areas in Colorado and the national median. For comparison, the zip code 80532 has the highest median property tax rate of 0.50%, while the same zip code also has the lowest median tax rate of 0.50%. Understanding how these areas compare with Glen Haven provides valuable insights into the varying tax landscape across Larimer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Glen Haven Tax Rate
0.50%
Average Larimer County Tax Rate
0.66%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glen Haven, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80532 | 0.41% | 0.50% | 0.50% | 0.51% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Glen Haven, Colorado
In Glen Haven, 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 Larimer 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 Glen Haven, 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 Glen Haven helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 80532, with a median tax bill of $1,597.
Average Glen Haven Assessed Value
$324,500
Average Larimer County Assessed Value
$394,000
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Glen Haven, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80532 | $178,600 | $237,850 | $324,500 | $427,525 | $539,700 |
Source: Ownwell
Property Tax Bills Across Glen Haven, Colorado
In Glen Haven, CO, property tax bills are calculated based on the assessed value of a home, which is determined by the Larimer County Assessor's Office. The assessed value is a percentage of the home's market value, and this valuation is then multiplied by the local tax rate to determine the annual property tax bill. The tax rate in Glen Haven is competitive, with the national median property tax rate standing at 0.99%. Several factors influence the assessed value, including property size, location, and market trends. For instance, the median home price in Glen Haven is $324,500. Homeowners in this area can expect their property tax bills to vary widely. For example, the tax bill at the 25th percentile is $1,142, while at the 75th percentile, it reaches $2,080. At the 90th percentile, the tax bill can go as high as $2,621. This variation means that homeowners must stay informed about their property's assessed value and any changes in the local tax rate to budget accordingly.
Average Glen Haven Tax Bill
$1,597
Average Larimer County Tax Bill
$2,461
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Glen Haven, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80532 | $811 | $1,142 | $1,597 | $2,080 | $2,621 |
Source: Ownwell