Moffat County, Colorado Property Taxes
The median property tax rate in Moffat County is 0.59%, which is slightly higher than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Moffat County, the typical annual property tax bill is $783, significantly lower than the national median of $2,690. Property taxes in Moffat County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Moffat County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Craig or another part of Moffat County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Moffat County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.59%
Estimate Property Tax Bill
$823
$764
Ownwell’s Moffat County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Moffat County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Moffat County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Moffat County, Colorado
Property taxes in Moffat County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Moffat County is 0.59%, which is lower than the U.S. national median of 0.99%. Local government entities within Moffat County set these rates annually, and they can vary significantly between different areas within the county. Each year, Moffat County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Dinosaur has one of the higher property tax rates in the region at 0.65%, while the city of Slater boasts one of the lowest at 0.43%. Analyzing how Moffat County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Moffat County Tax Rate
0.59%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Moffat County, Colorado
In Moffat County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Moffat County Appraisal District. The assessed value, however, 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 Moffat County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Cities within Moffat County show a range in tax bills, with Craig having the highest median tax bill at $827 and Dinosaur the lowest at $269. Being aware of these valuation processes in Moffat County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Moffat County Assessed Value
$139,471
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Bills Across Moffat County, Colorado
In Moffat County, CO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in the county is $139,471. Homeowners can expect their tax bills to vary significantly depending on a range of factors, including the specific location within the county and the assessed value of their property. For instance, the tax bill at the 25th percentile is $475, while at the 75th percentile, it rises to $1,163. At the 90th percentile, it can reach up to $1,459. Comparatively, the highest median tax bill in the county is found in Craig at $827, whereas Dinosaur boasts the lowest median tax bill at $269. These variations highlight the importance of understanding local property tax rates and their impact. With the national median property tax rate at 0.99%, Moffat County homeowners may find their tax obligations either above or below this benchmark, affecting their annual financial planning.
Average Moffat County Tax Bill
$783
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690