Livermore, Colorado Property Taxes
The median property tax rate in Livermore, CO is 0.67%, noticeably higher than both the national median of 0.99% and the Colorado state median of 0.55%. With a median home value of $392,200 in Livermore, the typical annual property tax bill reaches $2,555, which, while below the national median of $2,690, still represents a significant expense. Property taxes in Livermore are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as the primary residence and agricultural exemptions. Gaining a thorough understanding of Livermore'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 Livermore or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Livermore, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$2,628
$2,438
Ownwell’s Livermore Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Livermore with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Livermore 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 Livermore, Colorado
Property taxes in Livermore, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Livermore is 0.67%, lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Livermore set these rates annually, and they can vary significantly across different neighborhoods. Each year, Livermore 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 Livermore's effective property tax rate to other counties in Colorado and the national median. For comparison, the 80536 zip code has the highest median property tax rate of 0.67%, while the same zip code also has the lowest median tax rate of 0.67%. Understanding how these cities compare with Livermore 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 Livermore Tax Rate
0.67%
Average Larimer County Tax Rate
0.66%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Livermore, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80536 | 0.53% | 0.66% | 0.67% | 0.68% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Livermore, Colorado
In Livermore, 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 Livermore, 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 Livermore helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 80536 has both the highest and lowest median tax bill at $2,555.
Average Livermore Assessed Value
$392,200
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 Livermore, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80536 | $228,000 | $307,400 | $392,200 | $487,955 | $607,900 |
Source: Ownwell
Property Tax Bills Across Livermore, Colorado
In Livermore, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is a percentage of the property's market value. For example, if the median home price in Livermore is $392,200, the assessed value will be a fraction of this amount. The property tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including local tax rates and any applicable exemptions. In Livermore, the property tax bills vary significantly, with the 25th percentile at $2,012 and the 75th percentile at $3,179. The highest median tax bill in the area is $2,555, which is above the national median property tax rate of 0.99%. For homeowners, these taxes fund essential services such as schools, infrastructure, and emergency services. Therefore, understanding how these taxes are calculated can help homeowners plan their finances more effectively and potentially appeal for adjustments if they believe their property has been over-assessed.
Average Livermore Tax Bill
$2,555
Average Larimer County Tax Bill
$2,461
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Livermore, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80536 | $1,421 | $2,012 | $2,555 | $3,179 | $3,988 |
Source: Ownwell