Las Animas County, Colorado Property Taxes
The median property tax rate in Las Animas County is 0.33%, which is significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Las Animas County, the typical annual property tax bill is about $300, far below the national median of $2,690. Property taxes in Las Animas County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Las Animas 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 Trinidad or another part of Las Animas County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Las Animas County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.33%
Estimate Property Tax Bill
$341
$316
Ownwell’s Las Animas County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Las Animas County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Las Animas County 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 Las Animas County, Colorado
Property taxes in Las Animas County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Las Animas County is 0.33%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Las Animas County set these rates annually, and they can vary significantly between different areas within the county. Each year, Las Animas 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. The following data compares Las Animas County's effective property tax rate with other areas in Colorado and the national median. For comparison, the city of Pritchett has one of the higher property tax rates in Colorado at 0.54%, while the city of Kim boasts one of the lowest at 0.40%. Analyzing how Las Animas County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Las Animas County Tax Rate
0.33%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Las Animas County, Colorado
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aguilar | 0.14% | 0.19% | 0.23% | 0.27% | 0.31% |
| Boncarbo | 0.16% | 0.24% | 0.24% | 0.27% | 0.37% |
| Branson | 0.31% | 0.31% | 0.32% | 0.42% | 0.47% |
| Cokedale | N/A | N/A | N/A | N/A | N/A |
| Fowler | N/A | N/A | N/A | N/A | N/A |
| Hoehne | N/A | N/A | N/A | N/A | N/A |
| Kim | 0.21% | 0.30% | 0.40% | 0.73% | 0.90% |
| Las Animas | N/A | N/A | N/A | N/A | N/A |
| Model | 0.21% | 0.32% | 0.34% | 0.55% | 0.78% |
| Pritchett | N/A | N/A | N/A | N/A | N/A |
| Trinchera | 0.28% | 0.29% | 0.33% | 0.44% | 0.74% |
| Trinidad | 0.18% | 0.24% | 0.36% | 0.36% | 0.38% |
| Walsenburg | N/A | N/A | N/A | N/A | N/A |
| Weston | 0.15% | 0.21% | 0.21% | 0.23% | 0.32% |
Source: Ownwell
Property Tax Assessment Values Across Las Animas County, Colorado
In Las Animas County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. 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 Las Animas County 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 Las Animas County 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. In Las Animas County, the city with the highest median tax bill is Pritchett at $1,103, while Aguilar has the lowest median tax bill at $258. 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 Las Animas County, Colorado
Source: Ownwell
$99,933
$124,429
$148,924
Average Las Animas County Assessed Value
$103,330
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Las Animas County, Colorado
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aguilar | $35,384 | $60,963 | $112,495 | $221,939 | $301,709 |
| Boncarbo | $42,086 | $82,524 | $131,855 | $207,633 | $254,278 |
| Branson | $40,009 | $76,043 | $126,064 | $184,450 | $223,988 |
| Cokedale | N/A | N/A | N/A | N/A | N/A |
| Fowler | N/A | N/A | N/A | N/A | N/A |
| Hoehne | N/A | N/A | N/A | N/A | N/A |
| Kim | $37,483 | $60,735 | $110,212 | $148,554 | $234,866 |
| Las Animas | N/A | N/A | N/A | N/A | N/A |
| Model | $13,613 | $52,152 | $99,933 | $152,263 | $206,717 |
| Pritchett | N/A | N/A | N/A | N/A | N/A |
| Trinchera | $57,974 | $109,822 | $148,924 | $188,176 | $256,360 |
| Trinidad | $34,319 | $64,594 | $101,302 | $155,190 | $232,141 |
| Walsenburg | N/A | N/A | N/A | N/A | N/A |
| Weston | $41,491 | $85,504 | $146,608 | $224,686 | $310,382 |
Source: Ownwell
Property Tax Bills Across Las Animas County, Colorado
In Las Animas County, CO, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Homeowners are then taxed at the county's property tax rate. For instance, with a median home price of $103,330, tax bills can vary significantly across different percentiles. The 25th percentile tax bill is $172, while the 75th percentile tax bill is $489, and the 90th percentile reaches $751. Several factors influence these tax bills, including the property's location, size, and any applicable exemptions. For example, the highest median tax bill in the county is found in Pritchett, at $1,103, while Aguilar has the lowest median tax bill at $258. These variations can impact homeowners by affecting their annual financial planning and long-term investments. Compared to the national median property tax rate of 0.99%, Las Animas County offers a range of tax burdens that reflect its diverse property values and community needs.
Average Las Animas County Tax Bill
$300
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Las Animas County, Colorado
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aguilar | $72 | $147 | $258 | $458 | $699 |
| Boncarbo | $123 | $199 | $315 | $526 | $674 |
| Branson | $127 | $254 | $519 | $608 | $1,176 |
| Cokedale | N/A | N/A | N/A | N/A | N/A |
| Fowler | N/A | N/A | N/A | N/A | N/A |
| Hoehne | N/A | N/A | N/A | N/A | N/A |
| Kim | $106 | $226 | $441 | $830 | $1,229 |
| Las Animas | N/A | N/A | N/A | N/A | N/A |
| Model | $56 | $226 | $329 | $523 | $816 |
| Pritchett | N/A | N/A | N/A | N/A | N/A |
| Trinchera | $165 | $335 | $533 | $627 | $1,904 |
| Trinidad | $98 | $177 | $304 | $488 | $746 |
| Walsenburg | N/A | N/A | N/A | N/A | N/A |
| Weston | $101 | $189 | $311 | $490 | $723 |
Source: Ownwell