Rush, Colorado Property Taxes
The median property tax rate in Rush, CO is 0.48%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Rush at $90,737, the typical annual property tax bill is $488, well below the national median of $2,690. Property taxes in Rush are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Rush'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 Rush or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rush, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.48%
Estimate Property Tax Bill
$436
Ownwell’s RUSH Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in RUSH with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in RUSH 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 Rush, Colorado
Property taxes in Rush, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rush is 0.48%, considerably lower than the U.S. national median of 0.99%. Local government entities within Rush set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rush 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 Rush's effective property tax rate to other counties in Colorado and the national median. For comparison, the 80833 zip code has the highest median property tax rate of 0.48%, while the same zip code also has the lowest median tax rate of 0.48%. Understanding how these cities compare with Rush provides valuable insights into the varying tax landscape across Lincoln County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rush Tax Rate
0.48%
Average Lincoln County Tax Rate
0.60%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rush, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80833 | 0.46% | 0.46% | 0.48% | 0.58% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Rush, Colorado
In Rush, 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 Lincoln 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 Rush, 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 Rush helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Rush is $90,737, with tax bills ranging from $77 at the 25th percentile to $1,180 at the 90th percentile. The zip code with the highest median tax bill is 80833, with a median tax bill of $488.
Average Rush Assessed Value
$90,737
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 Rush, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80833 | $2,620 | $13,390 | $90,737 | $146,387 | $222,539 |
Source: Ownwell
Property Tax Bills Across Rush, Colorado
In Rush, located in Lincoln 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 Rush is $90,737. Local tax authorities determine the assessed value, and then apply the relevant tax rate to this value to calculate the tax bill. Several factors influence the assessed value, including property size, location, and market conditions. For homeowners in Rush, property tax bills can vary significantly. The 25th percentile tax bill is $77, while the 75th percentile reaches $843, and the 90th percentile can be as high as $1,180. These variations highlight the impact of property characteristics and assessed values on tax liabilities. Compared to the national median property tax rate of 0.99%, homeowners in Rush may find their tax bills relatively manageable, but it's essential to understand how these taxes are calculated and what factors influence them to plan accordingly.
Average Rush Tax Bill
$488
Average Lincoln County Tax Bill
$650
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Rush, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80833 | $11 | $77 | $488 | $843 | $1,180 |
Source: Ownwell