Fowler, Colorado Property Taxes
The median property tax rate in Fowler, CO is 0.25%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Fowler at $151,986, the typical annual property tax bill is $385, which is well below the national median of $2,690. Property taxes in Fowler are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Fowler'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 Fowler 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
Fowler, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.25%
Estimate Property Tax Bill
$380
Ownwell’s Fowler Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fowler with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Fowler to provide an accurate estimate of your property tax bill. This valuable tool helps you gain insight into your potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, assigned by the county for tax calculations, considers any applicable exemptions, ensuring a precise estimate.
Property Tax Rates Across Fowler, Colorado
Property taxes in Fowler, Colorado, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Fowler is 0.25%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Fowler set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fowler 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 Fowler'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 in Las Animas County at 0.25%, while other areas may have different rates. Understanding how these cities compare with Fowler provides valuable insights into the varying tax landscape across Otero County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fowler Tax Rate
0.25%
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 Fowler, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81039 | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
Source: Ownwell
Property Tax Assessment Values Across Fowler, Colorado
In Fowler, 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 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 Fowler, 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 Fowler helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills is 81039, both with a value of $385.
Average Fowler Assessed Value
$151,986
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 Fowler, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81039 | $151,986 | $151,986 | $151,986 | $151,986 | $151,986 |
Source: Ownwell
Property Tax Bills Across Fowler, Colorado
In Fowler, located in Las Animas County, CO, property tax bills are calculated based on the assessed value of a homeowner's property. This process begins with the county assessor determining the market value of the property. In Fowler, the median home price is $151,986. The assessed value is then calculated by applying the state’s assessment rate to the market value. Once the assessed value is established, the local tax rate is applied to determine the annual property tax bill. In Fowler, the median property tax bill is $385, which is significantly lower than the national median property tax rate of 0.99%. Factors such as property improvements, neighborhood changes, and market fluctuations can influence the assessed value, thereby impacting the tax bill. For homeowners, this means that while property taxes in Fowler are relatively low, any increase in property value or changes in local tax rates could affect their annual tax obligations.
Average Fowler Tax Bill
$385
Average Las Animas County Tax Bill
$300
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Fowler, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81039 | $385 | $385 | $385 | $385 | $385 |
Source: Ownwell