Maybell, Colorado Property Taxes
The median property tax rate in Maybell, CO is 0.43%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Maybell, the typical annual property tax bill is $503, far below the national median of $2,690. Property taxes in Maybell are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Maybell'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 Maybell or another part of Moffat County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Maybell, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.43%
Estimate Property Tax Bill
$328
$305
Ownwell’s Maybell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maybell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maybell 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 Maybell, Colorado
Property taxes in Maybell, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Maybell is 0.43%, which is significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Maybell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maybell 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 Maybell's effective property tax rate to other counties in Colorado and the national median. For comparison, the zip code 81640 has the highest median property tax rate of 0.43%, while the same zip code also has the lowest median tax rate of 0.43%. Understanding how these cities compare with Maybell provides valuable insights into the varying tax landscape across Moffat County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Maybell Tax Rate
0.43%
Average Moffat County Tax Rate
0.59%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maybell, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81640 | 0.23% | 0.43% | 0.43% | 0.43% | 0.43% |
Source: Ownwell
Property Tax Assessment Values Across Maybell, Colorado
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Maybell, 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 Moffat County Appraisal District 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 Maybell, 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 Maybell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both recorded at $503.00 in the 81640 zip code.
Average Maybell Assessed Value
$76,345
Average Moffat County Assessed Value
$139,471
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Maybell, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81640 | $5,838 | $13,028 | $76,345 | $137,075 | $174,512 |
Source: Ownwell
Property Tax Bills Across Maybell, Colorado
In Maybell, Moffat County, CO, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. For homeowners in this region, the median home price is $76,345. The tax bill is determined by applying the local tax rate to the assessed value. Various factors contribute to the final tax bill, including property size, location, and any applicable exemptions. Homeowners in Maybell can expect a range of property tax bills. The 25th percentile tax bill is $278, while the 75th percentile tax bill is $655. At the 90th percentile, the tax bill can reach up to $878. These values illustrate the variability in property tax obligations depending on individual property assessments. Compared to the national median property tax rate of 0.99%, Maybell's property tax rates reflect the local economic conditions and funding requirements for community services. Understanding these factors is crucial for homeowners to anticipate their annual tax obligations and manage their finances effectively.
Average Maybell Tax Bill
$503
Average Moffat County Tax Bill
$783
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Maybell, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81640 | $130 | $278 | $503 | $655 | $878 |
Source: Ownwell