Aguilar, Colorado Property Taxes
The median property tax rate in Aguilar, CO is 0.23%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Aguilar, the typical annual property tax bill reaches $258, well below the national median of $2,690. Property taxes in Aguilar are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Aguilar'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 Aguilar 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
Aguilar, 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 Aguilar Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Aguilar with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Aguilar 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 Aguilar, Colorado
Property taxes in Aguilar, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Aguilar is 0.23%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Aguilar set these rates annually, and they can vary significantly across different neighborhoods. Each year, Aguilar 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 Aguilar's effective property tax rate to other counties in Colorado and the national median. For comparison, the highest median property tax rate in the region is found in another area, while another locale has the lowest median tax rate. Understanding how these cities compare with Aguilar provides valuable insights into the varying tax landscape across Las Animas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Aguilar Tax Rate
0.23%
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 Aguilar, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81020 | 0.14% | 0.19% | 0.23% | 0.27% | 0.31% |
Source: Ownwell
Property Tax Assessment Values Across Aguilar, Colorado
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Aguilar, Colorado. 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 Las Animas 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 Aguilar, 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 Aguilar helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Aguilar is $112,495, with the highest and lowest median tax bills both recorded at $258 in the 81020 zip code.
Average Aguilar Assessed Value
$112,495
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 Aguilar, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81020 | $35,384 | $60,963 | $112,495 | $221,939 | $301,709 |
Source: Ownwell
Property Tax Bills Across Aguilar, Colorado
In Aguilar, located in Las Animas County, CO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in Aguilar is $112,495, and property tax rates are applied to this assessed value to determine the annual tax bill. The property tax rate in Aguilar is influenced by various factors, including local government budgets, school funding requirements, and public service needs. For homeowners in Aguilar, the tax bill can vary significantly. For instance, at the 25th percentile, the tax bill is $147, while at the 75th percentile, it rises to $458. For those in the 90th percentile, the tax bill can be as high as $699. The highest median tax bill recorded in the area is $258, which is consistent across the zip code 81020. These property taxes directly impact homeowners by influencing their annual housing costs and can affect decisions related to property investments and budgeting.
Average Aguilar Tax Bill
$258
Average Las Animas County Tax Bill
$300
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Aguilar, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81020 | $72 | $147 | $258 | $458 | $699 |
Source: Ownwell