Branson, Colorado Property Taxes
The median property tax rate in Branson, CO is 0.32%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Branson at $126,064, the typical annual property tax bill is $519, well below the national median of $2,690. Property taxes in Branson are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Branson'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 Branson 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
Branson, 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 Branson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Branson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Branson 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 Branson, Colorado
Property taxes in Branson, Colorado, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Branson is 0.32%, which is significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Branson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Branson 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 Branson's effective property tax rate to other counties in Colorado and the national median. For comparison, the highest median property tax rate in Colorado is found in some areas, while other regions have the lowest median tax rate. Understanding how these cities compare with Branson 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 Branson Tax Rate
0.32%
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 Branson, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81027 | 0.31% | 0.31% | 0.32% | 0.42% | 0.47% |
Source: Ownwell
Property Tax Assessment Values Across Branson, Colorado
In Branson, 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 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 Branson, 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. For instance, the median home price in Branson is $126,064, with tax bills ranging from $254 at the 25th percentile to $1,176 at the 90th percentile. The highest median tax bill is $519 in zip code 81027, which also has the lowest median tax bill. By understanding 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 Branson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Branson Assessed Value
$126,064
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 Branson, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81027 | $40,009 | $76,043 | $126,064 | $184,450 | $223,988 |
Source: Ownwell
Property Tax Bills Across Branson, Colorado
In Branson, property tax bills are calculated based on the assessed value of a home, which is determined by the Las Animas County Assessor's office. The assessed value is a percentage of the property's market value, which is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $126,064, homeowners can expect their tax bills to vary significantly. At the 25th percentile, the tax bill is around $254, while at the 75th percentile, it rises to $608. For those at the 90th percentile, the tax bill can reach up to $1,176. These figures highlight the range of what homeowners might pay in property taxes depending on their property's assessed value and the applicable tax rate. Compared to the national median property tax rate of 0.99%, Branson's rates can be seen as relatively moderate, offering some relief to homeowners. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Branson Tax Bill
$519
Average Las Animas County Tax Bill
$300
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Branson, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81027 | $127 | $254 | $519 | $608 | $1,176 |
Source: Ownwell