Glade Park, Colorado Property Taxes
The median property tax rate in Glade Park, CO is 0.42%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Glade Park at $297,160, the typical annual property tax bill is $1,121, which is well below the national median of $2,690. Property taxes in Glade Park are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Glade Park'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 Glade Park or another part of Mesa County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Glade Park, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.42%
Estimate Property Tax Bill
$1,248
$1,158
Ownwell’s Glade Park Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glade Park with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glade Park 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 Glade Park, Colorado
Property taxes in Glade Park, Colorado, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Glade Park is 0.42%, which is significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Glade Park set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glade Park 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 Glade Park's effective property tax rate to other counties in Colorado and the national median. For comparison, the 81523 zip code has the highest median property tax rate of 0.42%, while the same zip code also has the lowest median tax rate of 0.42%. Understanding how these cities compare with Glade Park 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 Glade Park Tax Rate
0.42%
Average Mesa County Tax Rate
0.50%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glade Park, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81523 | 0.28% | 0.42% | 0.42% | 0.42% | 0.42% |
| 81527 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Glade Park, Colorado
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Glade Park, Colorado. 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 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 Glade Park, 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. The median home price in Glade Park is $297,160, with annual property tax bills ranging from $737 at the 25th percentile to $2,121 at the 90th percentile. The highest and lowest median tax bills are both $1,122 in the 81523 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Glade Park Assessed Value
$297,160
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 Glade Park, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81523 | $116,948 | $185,695 | $297,660 | $393,552 | $499,823 |
| 81527 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Glade Park, Colorado
In Glade Park, located in Mesa County, CO, property tax bills are determined by several key factors. The primary element is the assessed value of a home, which is a percentage of its market value. For instance, the median home price in Glade Park is $297,160. Property tax rates in this area are then applied to the assessed value to calculate the tax bill. The tax rate in Glade Park is influenced by local government budgets and funding requirements for services such as schools, infrastructure, and public safety. Homeowners in this region can expect a median property tax bill around $1,122, which is relatively modest compared to the national median property tax rate of 0.99%. For a more detailed perspective, the 25th percentile of tax bills is approximately $737, while the 75th percentile reaches around $1,588. At the higher end, the 90th percentile tax bill can be as much as $2,121. These variations highlight how different property values and local tax rates can significantly affect homeowners' annual expenses.
Average Glade Park Tax Bill
$1,121
Average Mesa County Tax Bill
$1,213
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Glade Park, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81523 | $454 | $739 | $1,122 | $1,590 | $2,122 |
| 81527 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell