Pritchett, Colorado Property Taxes
The median property tax rate in Pritchett, CO is 0.54%, slightly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With a median home value of $202,442 in Pritchett, the typical annual property tax bill is around $1,103, which is significantly below the national median of $2,690. Property taxes in Pritchett are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Pritchett'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 Pritchett or another part of Las Animas County, becoming familiar with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pritchett, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.54%
Estimate Property Tax Bill
$1,093
Ownwell’s Pritchett Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Pritchett. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Pritchett to provide an accurate estimate of your property tax bill. This valuable resource helps you understand your potential tax liabilities with ease. For those interested in more localized trends, additional neighborhood-specific information is available by scrolling down. Your property's assessed value, determined by Las Animas County, serves as the basis for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Pritchett, Colorado
Property taxes in Pritchett, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pritchett is 0.54%, lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Pritchett set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pritchett 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 Pritchett's effective property tax rate to other areas in Colorado and the national median. For comparison, the 81064 zip code has the highest median property tax rate of 0.54%, while the 81064 zip code also has the lowest median tax rate of 0.54%. Understanding how these areas compare with Pritchett 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 Pritchett Tax Rate
0.54%
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 Pritchett, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81064 | 0.40% | 0.44% | 0.54% | 0.73% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Pritchett, Colorado
In Pritchett, 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 Pritchett, 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 Pritchett helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Pritchett, the highest median tax bill is $1103 in zip code 81064, while the lowest is also $1103 in the same zip code.
Average Pritchett Assessed Value
$202,442
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 Pritchett, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81064 | $120,393 | $198,992 | $202,442 | $261,380 | $371,346 |
Source: Ownwell
Property Tax Bills Across Pritchett, Colorado
In Pritchett, Colorado, property tax bills are calculated based on the assessed value of a property, which is derived from its market value. The median home price in Pritchett is $202,442, and the property tax rate in Las Animas County is used to determine the final tax bill. Homeowners in Pritchett can expect their property tax bills to vary significantly, with the 25th percentile at $867, the 75th percentile at $1917, and the 90th percentile reaching up to $2848. Several factors influence these tax bills, including the property's assessed value, any applicable exemptions, and the local tax rate. Compared to the national median property tax rate of 0.99%, the tax obligations in Pritchett can be quite varied. Understanding these factors can help homeowners anticipate their annual property tax liabilities and plan their finances accordingly. The highest and lowest median tax bills in the area both stand at $1103, indicating a relatively consistent tax burden across different properties in the 81064 zip code.
Average Pritchett Tax Bill
$1,103
Average Las Animas County Tax Bill
$300
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Pritchett, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81064 | $501 | $867 | $1,103 | $1,917 | $2,848 |
Source: Ownwell