Whitewater, Colorado Property Taxes
The median property tax rate in Whitewater, CO is 0.49%, considerably lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Whitewater at $219,805, the typical annual property tax bill reaches $974, significantly below the national median of $2,690. Property taxes in Whitewater 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 Whitewater'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 Whitewater 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
Whitewater, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$1,077
Ownwell’s Whitewater Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Whitewater with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Whitewater 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 Whitewater, Colorado
Property taxes in Whitewater, Colorado, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Whitewater is 0.49%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Whitewater set these rates annually, and they can vary across different neighborhoods. Each year, Whitewater 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 Whitewater's effective property tax rate to other areas in Colorado and the national median. For comparison, the zip code 81527 has both the highest and lowest median property tax rate at 0.49%. Understanding how these areas compare with Whitewater 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 Whitewater Tax Rate
0.49%
Average Mesa County Tax Rate
0.50%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Whitewater, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81527 | 0.25% | 0.49% | 0.49% | 0.49% | 0.49% |
Source: Ownwell
Property Tax Assessment Values Across Whitewater, Colorado
In Whitewater, 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 Whitewater, 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. The median home price in Whitewater is $219,805, with tax bills ranging from $531 at the 25th percentile to $2,121 at the 90th percentile. 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 Whitewater helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Whitewater Assessed Value
$219,805
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 Whitewater, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81527 | $36,265 | $123,390 | $219,805 | $355,885 | $432,575 |
Source: Ownwell
Property Tax Bills Across Whitewater, Colorado
In Whitewater, Mesa County, CO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the property's market value. The property tax rate in Whitewater is then applied to this assessed value to determine the annual tax bill. For homeowners, various factors such as the location of the property, improvements made, and changes in the real estate market can influence the assessed value. The median home price in Whitewater is $219,805, and homeowners can expect property tax bills to vary significantly. For example, tax bills at the 25th percentile are around $531, while those at the 75th percentile reach approximately $1,655. The highest median tax bill in the area is $974, which is considerably lower than the national median property tax rate of 0.99%. These property tax bills can impact homeowners by influencing their overall housing costs and potentially affecting their financial planning and budgeting.
Average Whitewater Tax Bill
$974
Average Mesa County Tax Bill
$1,213
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Whitewater, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81527 | $178 | $531 | $974 | $1,655 | $2,121 |
Source: Ownwell