Crawford, Montrose County, Colorado Property Taxes
The median property tax rate in Crawford, CO is 0.46%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With a median home value of $341,665 in Crawford, the typical annual property tax bill is $1,650, which is well below the national median of $2,690. Property taxes in Crawford are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as the primary residence and agricultural exemptions. Understanding Crawford'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 Crawford or another part of Montrose County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Crawford, Montrose County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.46%
Estimate Property Tax Bill
$1,572
$1,458
Ownwell’s Crawford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crawford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crawford 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 Crawford, Montrose County, Colorado
Property taxes in Crawford, Colorado, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Crawford is 0.46%, which is lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Crawford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crawford 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 Crawford's effective property tax rate to other counties in Colorado and the national median. For comparison, the 81415 zip code has the highest median property tax rate of 0.46%, while the same zip code also has the lowest median tax rate of 0.46%. Understanding how these cities compare with Crawford provides valuable insights into the varying tax landscape across Delta County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Crawford Tax Rate
0.46%
Average Montrose County Tax Rate
0.49%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crawford, Montrose County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81415 | 0.45% | 0.45% | 0.46% | 0.49% | 0.57% |
Source: Ownwell
Property Tax Assessment Values Across Crawford, Montrose County, Colorado
In Crawford, 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 Montrose County Assessor's Office 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 Crawford, 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 Crawford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 81415 has the highest and lowest median tax bill, both at $1,650.
Property Tax Assessment Values Across Crawford, Montrose County, Colorado
Source: Ownwell
$80,280
$306,130
$531,980
Average Crawford Assessed Value
$341,665
Average Montrose County Assessed Value
$398,340
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Crawford, Montrose County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81415 | $129,765 | $224,020 | $341,665 | $525,660 | $836,339 |
Source: Ownwell
Property Tax Bills Across Crawford, Montrose County, Colorado
In Crawford, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the property's market value, which is re-evaluated periodically to reflect current market conditions. For instance, with a median home price of $341,665 in Crawford, homeowners can expect their property tax bills to vary significantly. The 25th percentile tax bill is around $1,085, while the 75th percentile reaches up to $2,582, and the 90th percentile can be as high as $3,958. These figures indicate that while some homeowners may pay relatively low taxes, others could face substantial bills based on their property’s assessed value. Comparatively, Crawford's property tax rates can be more favorable than the national median property tax rate of 0.99%, but individual circumstances such as property improvements or changes in market value can influence the final amount. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Crawford Tax Bill
$1,650
Average Montrose County Tax Bill
$1,943
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Crawford, Montrose County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81415 | $727 | $1,085 | $1,650 | $2,582 | $3,958 |
Source: Ownwell