Slater, Colorado Property Taxes
The median property tax rate in Slater, 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 Slater at $149,329, the typical annual property tax bill is around $550, which is well below the national median of $2,690. Property taxes in Slater 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 Slater'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 Slater 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
Slater, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.43%
Estimate Property Tax Bill
$642
$596
Ownwell’s Slater Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Slater with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Slater 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 Slater, Colorado
Property taxes in Slater, Colorado, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Slater is 0.43%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Slater set these rates annually, and they can vary across different neighborhoods. Each year, Slater 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 Slater's effective property tax rate to other counties in Colorado and the national median. For comparison, the 81653 zip code has both the highest and lowest median property tax rate of 0.43%. Understanding how these cities compare with Slater 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 Slater 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 Slater, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81653 | 0.21% | 0.43% | 0.43% | 0.43% | 0.43% |
Source: Ownwell
Property Tax Assessment Values Across Slater, Colorado
In Slater, 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 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 Slater, 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 Slater helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Slater is $149,329, with the highest median tax bill recorded at $550 in the 81653 zip code.
Average Slater Assessed Value
$149,329
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 Slater, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81653 | $42,202 | $128,275 | $149,329 | $191,248 | $264,900 |
Source: Ownwell
Property Tax Bills Across Slater, Colorado
In Slater, Moffat County, 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 Slater is $149,329. To determine the tax bill, local assessors evaluate the property's market value and then apply an assessment ratio to arrive at the assessed value. Various factors such as property size, location, and condition are considered during this evaluation. Once the assessed value is established, the local tax rate is applied. For example, homeowners in Slater can expect tax bills ranging from $314 at the 25th percentile to $1,153 at the 90th percentile. The median property tax bill in Slater is $550, which is significantly lower than the national median property tax rate of 0.99%. This relatively modest tax burden can make homeownership more affordable for residents, although it may also reflect lower property values in the area.
Average Slater Tax Bill
$550
Average Moffat County Tax Bill
$783
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Slater, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81653 | $181 | $314 | $550 | $821 | $1,153 |
Source: Ownwell