Morgan County, Colorado Property Taxes
The median property tax rate in Morgan County is 0.57%, slightly higher than the Colorado state median of 0.55% but still below the national median of 0.99%. With a median home value of $211,955, the typical annual property tax bill in Morgan County is approximately $1,191, which is significantly lower than the national median of $2,690. Property taxes in Morgan County are calculated based on the tax assessed value, which is often lower than the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Morgan 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 Fort Morgan or another part of Morgan County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Morgan County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.57%
Estimate Property Tax Bill
$1,208
$1,121
Ownwell’s Morgan County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Morgan County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Morgan 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’s 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 Morgan County, Colorado
Property taxes in Morgan County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Morgan County is 0.57%, which is lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Morgan County set these rates annually, and they can vary significantly between different areas within the county. Each year, Morgan 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. The following data compares Morgan County's effective property tax rate with other areas in Colorado and the national median. For comparison, the city of Hillrose has one of the higher property tax rates in Colorado at 0.77%, while the city of Orchard boasts one of the lowest at 0.46%. Analyzing how Morgan County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Morgan County Tax Rate
0.57%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Morgan County, Colorado
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brush | 0.43% | 0.64% | 0.72% | 0.72% | 0.72% |
| Fort Morgan | 0.36% | 0.51% | 0.57% | 0.57% | 0.59% |
| Hillrose | 0.39% | 0.67% | 0.77% | 0.78% | 0.99% |
| Log Lane Village | 0.35% | 0.59% | 0.59% | 0.59% | 0.59% |
| Merino | 0.51% | 0.62% | 0.71% | 0.78% | 1.01% |
| New Raymer | N/A | N/A | N/A | N/A | N/A |
| Orchard | 0.35% | 0.46% | 0.46% | 0.52% | 0.85% |
| Snyder | 0.49% | 0.66% | 0.72% | 0.79% | 1.31% |
| Weldona | 0.38% | 0.46% | 0.46% | 0.48% | 0.72% |
| Wiggins | 0.53% | 0.53% | 0.75% | 0.75% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Morgan County, Colorado
In Morgan 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 Morgan 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 Morgan 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. In Morgan County, the median home price is $211,955, with the highest median tax bill being $2,327 in New Raymer and the lowest at $513 in Log Lane Village. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Morgan County, Colorado
Source: Ownwell
$109,470
$202,168
$294,865
Average Morgan County Assessed Value
$211,955
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Morgan County, Colorado
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brush | $48,469 | $124,118 | $187,825 | $276,142 | $385,856 |
| Fort Morgan | $33,674 | $157,742 | $219,845 | $292,415 | $400,330 |
| Hillrose | $6,960 | $48,282 | $111,075 | $212,610 | $308,736 |
| Log Lane Village | $21,830 | $45,675 | $109,470 | $144,185 | $184,575 |
| Merino | $74,670 | $95,715 | $171,730 | $235,065 | $260,080 |
| New Raymer | N/A | N/A | N/A | N/A | N/A |
| Orchard | $24,764 | $78,090 | $198,350 | $309,850 | $379,568 |
| Snyder | $16,296 | $70,770 | $155,330 | $292,710 | $402,980 |
| Weldona | $4,824 | $43,125 | $189,995 | $328,352 | $430,918 |
| Wiggins | $90,789 | $201,828 | $294,865 | $370,660 | $468,757 |
Source: Ownwell
Property Tax Bills Across Morgan County, Colorado
In Morgan County, CO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $211,955, homeowners can expect their tax bill to vary significantly depending on their property's assessed value and the specific tax rates applied. Homeowners in Morgan County experience a range of tax bills. The 25th percentile tax bill is approximately $718, while the 75th percentile reaches about $1,759. At the higher end, the 90th percentile tax bill is around $2,479. These variations reflect differences in property values and localized tax rates within the county. The highest median tax bill in Morgan County is found in New Raymer at $2,327, whereas Log Lane Village has the lowest median tax bill at $513. This disparity highlights how property location and value impact the overall tax burden on homeowners, making it crucial for them to understand their local tax structure.
Average Morgan County Tax Bill
$1,191
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Morgan County, Colorado
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brush | $339 | $782 | $1,242 | $1,896 | $2,584 |
| Fort Morgan | $209 | $769 | $1,151 | $1,572 | $2,175 |
| Hillrose | $52 | $322 | $735 | $1,448 | $2,761 |
| Log Lane Village | $130 | $262 | $513 | $814 | $1,078 |
| Merino | $437 | $675 | $1,343 | $1,836 | $2,182 |
| New Raymer | N/A | N/A | N/A | N/A | N/A |
| Orchard | $84 | $294 | $904 | $1,497 | $2,060 |
| Snyder | $115 | $517 | $1,156 | $2,082 | $2,911 |
| Weldona | $22 | $197 | $877 | $1,517 | $2,329 |
| Wiggins | $558 | $1,266 | $1,884 | $2,354 | $2,891 |
Source: Ownwell