Mesa, Colorado Property Taxes
The median property tax rate in Mesa, CO is 0.34%, considerably lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Mesa at $163,100, the typical annual property tax bill reaches $570, significantly below the national median of $2,690. Property taxes in Mesa are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mesa'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 Mesa 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
Mesa, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.34%
Estimate Property Tax Bill
$555
$515
Ownwell’s Mesa Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mesa with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mesa 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 Mesa, Colorado
Property taxes in Mesa, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mesa is 0.34%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Mesa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mesa 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 Mesa's effective property tax rate to other counties in Colorado and the national median. For comparison, the highest median property tax rate in Colorado is found in zip code 81601, with a rate of 0.81%, while the lowest median tax rate is in zip code 81654, at 0.26%. Understanding how these cities compare with Mesa 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 Mesa Tax Rate
0.34%
Average Mesa County Tax Rate
0.50%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mesa, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81643 | 0.20% | 0.31% | 0.34% | 0.62% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Mesa, Colorado
In Mesa, 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 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 Mesa, 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 Mesa helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 81643 has the highest median tax bill at $570, which is significantly below the national median property tax rate of 0.99%.
Average Mesa Assessed Value
$163,100
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 Mesa, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81643 | $40,659 | $65,505 | $163,100 | $272,652 | $434,782 |
Source: Ownwell
Property Tax Bills Across Mesa, Colorado
In Mesa, CO, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in Mesa stands at $163,100. Homeowners in this region can expect a wide range of property tax bills, depending on various factors such as property location and specific local tax rates. For instance, the 25th percentile tax bill is $268, while the 75th percentile tax bill is $995, and the 90th percentile tax bill reaches up to $1,687. The assessed value is then multiplied by the local tax rate to determine the final tax bill. This rate can vary within different parts of Mesa. Homeowners might find that their tax bills are influenced by changes in property values, local government budgets, and specific exemptions or deductions they may qualify for. Compared to the national median property tax rate of 0.99%, Mesa's tax rates can offer some relief to homeowners, though individual circumstances and local policies can lead to significant variations in tax obligations.
Average Mesa Tax Bill
$570
Average Mesa County Tax Bill
$1,213
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Mesa, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81643 | $139 | $268 | $570 | $995 | $1,687 |
Source: Ownwell