Lincoln County, Colorado Property Taxes
The median property tax rate in Lincoln County is 0.60%, which is slightly higher than the Colorado state median of 0.55% but lower than the national median of 0.99%. With the median home value in Lincoln County at $108,229, the typical annual property tax bill is approximately $650, significantly below the national median of $2,690. Property taxes in Lincoln County are calculated based on the tax assessed value, which is generally lower than the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Lincoln County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Hugo or another part of Lincoln County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lincoln County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$649
$603
Ownwell’s Lincoln County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Lincoln County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Lincoln County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Lincoln County, Colorado
Property taxes in Lincoln County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Lincoln County is 0.60%, which is lower than the U.S. national median of 0.99%. Local government entities within Lincoln County set these rates annually, and they can vary significantly between different areas within the county. Each year, Lincoln County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Hugo has one of the higher property tax rates in Colorado at 0.72%, while the city of Rush boasts one of the lowest at 0.48%. Analyzing how Lincoln County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Lincoln County Tax Rate
0.60%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lincoln County, Colorado
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arlington | N/A | N/A | N/A | N/A | N/A |
| Arriba | 0.45% | 0.58% | 0.59% | 0.65% | 1.65% |
| Genoa | 0.42% | 0.50% | 0.60% | 0.99% | 1.60% |
| Haswell | N/A | N/A | N/A | N/A | N/A |
| Hugo | 0.36% | 0.49% | 0.72% | 0.72% | 0.74% |
| Karval | 0.48% | 0.49% | 0.49% | 0.62% | 0.83% |
| Limon | 0.39% | 0.60% | 0.60% | 0.60% | 0.67% |
| Ordway | 0.47% | 0.47% | 0.52% | 0.73% | 1.21% |
| Ramah | N/A | N/A | N/A | N/A | N/A |
| Rush | 0.46% | 0.46% | 0.48% | 0.58% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Lincoln County, Colorado
In Lincoln County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Lincoln County Appraisal District. The assessed value, however, 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. Assessment notices in Lincoln County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, the highest median tax bill in Lincoln County is $771 in Limon, while the lowest is $313 in Karval. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Lincoln County Assessed Value
$108,229
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lincoln County, Colorado
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arlington | N/A | N/A | N/A | N/A | N/A |
| Arriba | $14,438 | $39,744 | $82,390 | $138,482 | $226,410 |
| Genoa | $17,540 | $41,787 | $88,971 | $162,399 | $252,539 |
| Haswell | N/A | N/A | N/A | N/A | N/A |
| Hugo | $8,670 | $51,836 | $109,231 | $176,408 | $243,401 |
| Karval | $6,448 | $23,864 | $64,047 | $121,876 | $191,927 |
| Limon | $13,411 | $67,314 | $135,444 | $215,283 | $293,070 |
| Ordway | $5,098 | $23,010 | $127,377 | $186,575 | $283,297 |
| Ramah | N/A | N/A | N/A | N/A | N/A |
| Rush | $2,620 | $13,390 | $90,737 | $146,387 | $222,539 |
Source: Ownwell
Property Tax Bills Across Lincoln County, Colorado
In Lincoln County, CO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. The local tax rate is then applied to this assessed value to calculate the annual tax bill. Various factors influence the tax bill, including property location, market trends, and any applicable exemptions. For example, the median home price in Lincoln County is $108,229, leading to a range of tax bills. Homeowners in the 25th percentile pay around $308, while those in the 75th percentile face a bill of approximately $1,133. The 90th percentile sees tax bills as high as $1,700. The highest median tax bill in the county is in Limon at $771, whereas Karval has the lowest at $313. These tax bills can significantly impact homeowners, affecting their annual budgets and long-term financial planning. Compared to the national median property tax rate of 0.99%, Lincoln County's rates can vary widely depending on the specific area and property value.
Average Lincoln County Tax Bill
$650
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Lincoln County, Colorado
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arlington | N/A | N/A | N/A | N/A | N/A |
| Arriba | $76 | $243 | $473 | $901 | $2,006 |
| Genoa | $121 | $322 | $611 | $1,135 | $1,840 |
| Haswell | N/A | N/A | N/A | N/A | N/A |
| Hugo | $50 | $352 | $690 | $1,128 | $1,607 |
| Karval | $40 | $126 | $313 | $686 | $1,217 |
| Limon | $72 | $378 | $771 | $1,285 | $1,740 |
| Ordway | $24 | $420 | $690 | $1,109 | $1,720 |
| Ramah | N/A | N/A | N/A | N/A | N/A |
| Rush | $11 | $77 | $488 | $843 | $1,180 |
Source: Ownwell