Fruita, Colorado Property Taxes
The median property tax rate in Fruita, CO is 0.58%, slightly higher than the Colorado state median of 0.55% but lower than the national median of 0.99%. With a median home value in Fruita of $279,585, the typical annual property tax bill reaches $1,534, which is below the national median of $2,690. Property taxes in Fruita are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Fruita's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Fruita or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fruita, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.58%
Estimate Property Tax Bill
$1,622
$1,505
Ownwell’s Fruita Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fruita with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fruita 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 Fruita, Colorado
Property taxes in Fruita, Colorado, are essential for funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Fruita is 0.58%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Fruita set these rates annually, and they can vary across different neighborhoods. Each year, Fruita 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 Fruita's effective property tax rate to other areas in Mesa County and the national median. For comparison, the zip code 81521 has both the highest and lowest median property tax rate of 0.58%, mirroring Fruita's rate. Understanding how these areas compare with Fruita provides valuable insights into the varying tax landscape across Mesa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fruita Tax Rate
0.58%
Average Mesa County Tax Rate
0.50%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fruita, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81521 | 0.36% | 0.51% | 0.58% | 0.58% | 0.58% |
Source: Ownwell
Property Tax Assessment Values Across Fruita, Colorado
In Fruita, Colorado, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents 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 Mesa 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 Fruita, 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 Fruita helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 81521 has both the highest and lowest median tax bill at $1,534, reflecting uniformity in tax burdens across the area.
Average Fruita Assessed Value
$279,585
Average Mesa County Assessed Value
$241,920
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fruita, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81521 | $105,995 | $213,315 | $279,585 | $342,368 | $439,131 |
Source: Ownwell
Property Tax Bills Across Fruita, Colorado
Property tax bills in Fruita, located in Mesa County, CO, are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is typically a percentage of the property's market value. For homeowners in Fruita, the median home price is $279,585. The property tax rate in this region is applied to this assessed value to determine the tax bill. Several factors influence the final tax bill, including the property's location, any applicable exemptions, and local tax levies. Homeowners in Fruita can expect their tax bills to vary significantly, with the 25th percentile tax bill at $1,086 and the 75th percentile at $1,917. At the higher end, the 90th percentile tax bill reaches $2,426. These property taxes are crucial for funding local services such as schools, infrastructure, and emergency services. Understanding how these taxes are calculated helps homeowners anticipate their financial obligations and plan accordingly.
Average Fruita Tax Bill
$1,534
Average Mesa County Tax Bill
$1,213
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Fruita, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81521 | $555 | $1,086 | $1,534 | $1,917 | $2,426 |
Source: Ownwell