Sterling, Colorado Property Taxes
The median property tax rate in Sterling, CO is 0.57%, slightly higher than the state median of 0.55% but lower than the national median of 0.99%. With the median home value in Sterling, the typical annual property tax bill reaches $850, significantly below the national median of $2,690. Property taxes in Sterling are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Sterling'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 Sterling or another part of Logan County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sterling, Colorado Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$1,100
Ownwell’s Sterling Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sterling with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sterling 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 Sterling, Colorado
Property taxes in Sterling, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sterling is 0.57%, lower than the U.S. national median of 0.99%. Local government entities within Sterling set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sterling 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 Sterling's effective property tax rate to other counties in Colorado and the national median. For comparison, the 80751 zip code has the highest median property tax rate of 0.57%, while the 80741 zip code has the lowest median tax rate of 0.48%. Understanding how these cities compare with Sterling provides valuable insights into the varying tax landscape across Logan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sterling Tax Rate
0.57%
Average Logan County Tax Rate
0.57%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sterling, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80741 | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
| 80751 | 0.52% | 0.54% | 0.57% | 0.57% | 0.59% |
Source: Ownwell
Property Tax Assessment Values Across Sterling, Colorado
In Sterling, 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 Logan 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. Assessment notices in Sterling 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. The median home price in Sterling is $149,645, with the tax bill in the 25th percentile at $514 and in the 75th percentile at $1,268. The zip code with the highest median tax bill is 80751, with a median tax bill of $850. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sterling Assessed Value
$149,645
Average Logan County Assessed Value
$146,235
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sterling, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80741 | $10,350 | $10,350 | $10,350 | $10,350 | $10,350 |
| 80751 | $34,646 | $91,025 | $149,680 | $225,880 | $318,938 |
Source: Ownwell
Property Tax Bills Across Sterling, Colorado
In Sterling, Logan County, CO, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the tax bill. For instance, with a median home price of $149,645, homeowners can expect their tax bills to vary. At the 25th percentile, tax bills are around $514, while at the 75th percentile, they rise to approximately $1,268. The 90th percentile sees tax bills reaching up to $1,792. Several factors influence these variations, such as changes in property values, local tax rates, and applicable exemptions. These fluctuations can significantly affect homeowners, as higher property values or increased tax rates can lead to higher tax bills. Compared to the national median property tax rate of 0.99%, Sterling's property tax rates can be a crucial consideration for homeowners when budgeting for annual expenses.
Average Sterling Tax Bill
$850
Average Logan County Tax Bill
$847
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Sterling, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80741 | $50 | $50 | $50 | $50 | $50 |
| 80751 | $193 | $514 | $850 | $1,268 | $1,792 |
Source: Ownwell