Trinchera, Colorado Property Taxes
The median property tax rate in Trinchera, CO is 0.33%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With a median home value of $148,924 in Trinchera, the typical annual property tax bill comes to $533, which is well below the national median of $2,690. Property taxes in Trinchera are determined based on the tax assessed value, which is often less than the market value due to exemptions like primary residence and agricultural exemptions. Navigating Trinchera's property tax system, exploring available exemptions, and finding opportunities for reductions can yield substantial annual savings. Whether you're in the heart of Trinchera or another part of Las Animas County, understanding the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Trinchera, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.33%
Estimate Property Tax Bill
$491
$456
Ownwell’s Trinchera Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Trinchera. By simply inputting your property's estimated assessed value, the calculator uses the median tax rate in Trinchera to provide an accurate estimate of your property tax bill. This valuable resource helps you anticipate potential tax obligations and plan accordingly. For those interested in more detailed trends at the neighborhood level, additional localized information is available as you scroll down. Remember, your property’s assessed value is determined by Las Animas County for tax purposes and includes any applicable exemptions.
Property Tax Rates Across Trinchera, Colorado
Property taxes in Trinchera, Colorado, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Trinchera is 0.33%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Trinchera set these rates annually, and they can vary significantly across different neighborhoods. Each year, Trinchera 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 Trinchera's effective property tax rate to other areas in Colorado and the national median. Understanding how these areas compare with Trinchera 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 Trinchera Tax Rate
0.33%
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 Trinchera, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81081 | 0.28% | 0.29% | 0.33% | 0.44% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Trinchera, Colorado
In Trinchera, 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 Trinchera, 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. The median home price in Trinchera is $148,924, with tax bills ranging from $335 at the 25th percentile to $1,904 at the 90th percentile. The zip code 81081 has the highest and lowest median tax bill, both at $533. 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 Trinchera helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Trinchera Assessed Value
$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 Trinchera, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81081 | $57,974 | $109,822 | $148,924 | $188,176 | $256,360 |
Source: Ownwell
Property Tax Bills Across Trinchera, Colorado
In Trinchera, Las Animas County, CO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Trinchera is $148,924. Homeowners can expect their property tax bills to vary significantly, depending on the assessed value and applicable tax rate. The 25th percentile of tax bills is around $335, while the 75th percentile reaches $627, and the 90th percentile can be as high as $1,904. These tax bills are influenced by several factors, including property size, location, and any applicable exemptions. Homeowners in Trinchera should be aware that their tax bill could impact their overall housing costs significantly. With the national median property tax rate at 0.99%, understanding how local rates compare can help homeowners anticipate their financial obligations. The highest and lowest median tax bills in the area are both recorded at $533, indicating a relatively uniform tax burden within the zip code 81081.
Average Trinchera Tax Bill
$533
Average Las Animas County Tax Bill
$300
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Trinchera, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81081 | $165 | $335 | $533 | $627 | $1,904 |
Source: Ownwell