Loveland, Colorado Property Taxes
The median property tax rate in Loveland, CO is 0.55%, aligning with the state median but significantly lower than the national median of 0.99%. With a median home value of $368,550 in Loveland, the typical annual property tax bill amounts to $2,012, which is below the national median of $2,690. Property taxes in Loveland are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Loveland'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 Loveland 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
Loveland, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$2,027
$1,881
Ownwell’s Loveland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Loveland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Loveland 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 Loveland, Colorado
Property taxes in Loveland, Colorado, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Loveland is 0.55%, which is lower than the U.S. national median of 0.99%. Local government entities within Loveland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Loveland 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 Loveland's effective property tax rate to other areas in Larimer County and the national median. For comparison, the 80537 zip code has the highest median property tax rate of 0.55%, while the 80534 zip code has the lowest median tax rate of 0.55%. Understanding how these areas compare with Loveland 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 Loveland Tax Rate
0.55%
Average Larimer County Tax Rate
0.66%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Loveland, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80534 | 0.40% | 0.47% | 0.55% | 0.55% | 0.56% |
| 80537 | 0.42% | 0.55% | 0.55% | 0.57% | 0.65% |
| 80538 | 0.41% | 0.55% | 0.55% | 0.57% | 0.57% |
Source: Ownwell
Property Tax Assessment Values Across Loveland, Colorado
In Loveland, 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 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 Loveland, 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. For example, the highest median tax bill in Loveland is $2,381 in the 80534 zip code, while the lowest is $2,008 in the 80537 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Loveland Assessed Value
$368,550
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 Loveland, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80534 | $345,800 | $420,225 | $462,700 | $506,225 | $538,950 |
| 80537 | $269,060 | $311,000 | $365,800 | $449,000 | $615,900 |
| 80538 | $282,100 | $327,200 | $370,000 | $442,900 | $551,060 |
Source: Ownwell
Property Tax Bills Across Loveland, Colorado
In Loveland, CO, property tax bills are calculated based on the assessed value of a property, which is determined by the Larimer County Assessor's Office. The assessed value is a percentage of the property's market value. For homeowners, this means that fluctuations in the real estate market directly impact their tax bills. Various factors, including property location, size, and improvements, play a role in determining the assessed value. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. In Loveland, the median home price is $368,550, leading to a range of tax bills. For example, the 25th percentile tax bill is $1,698, while the 75th percentile reaches $2,560, and the 90th percentile climbs to $3,616. Comparing these figures to the national median property tax rate of 0.99%, Loveland's tax rates can be seen as relatively moderate or high depending on the specific property and location within the city. Homeowners in the 80534 zip code face the highest median tax bill at $2,381, while those in the 80537 zip code encounter the lowest at $2,008.
Average Loveland Tax Bill
$2,012
Average Larimer County Tax Bill
$2,461
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Loveland, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80534 | $1,561 | $2,166 | $2,381 | $2,743 | $2,953 |
| 80537 | $1,352 | $1,672 | $2,008 | $2,672 | $3,638 |
| 80538 | $1,394 | $1,724 | $2,014 | $2,483 | $3,568 |
Source: Ownwell