Brush, Colorado Property Taxes
The median property tax rate in Brush, CO is 0.72%, which is lower than the national median of 0.99% but higher than the Colorado state median of 0.55%. With the median home value in Brush at $187,825, the typical annual property tax bill is $1,242, falling below the national median of $2,690. Property taxes in Brush are calculated based on the tax assessed value, which is generally lower than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Brush'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 Brush 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
Brush, Colorado Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$1,100
Ownwell’s Brush Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brush with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brush 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 Brush, Colorado
Property taxes in Brush, Colorado, are crucial for funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Brush is 0.72%, which is lower than the U.S. national median of 0.99%. Local government entities within Brush set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brush 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 Brush's effective property tax rate to other counties in Colorado and the national median. For comparison, the zip code 80723 has the highest median property tax rate of 0.72%, while the same zip code also has the lowest median tax rate of 0.72%. Understanding how these cities compare with Brush provides valuable insights into the varying tax landscape across Morgan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brush Tax Rate
0.72%
Average Morgan County Tax Rate
0.57%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brush, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80723 | 0.43% | 0.64% | 0.72% | 0.72% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Brush, Colorado
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Brush, 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 Morgan 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 Brush, 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. For example, the median home price in Brush is $187,825, with tax bills ranging from $782 at the 25th percentile to $1,896 at the 75th percentile, and up to $2,584 at the 90th percentile. The highest and lowest median tax bills in zip code 80723 are both $1,242. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Brush Assessed Value
$187,825
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 Brush, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80723 | $48,469 | $124,118 | $187,825 | $276,142 | $385,856 |
Source: Ownwell
Property Tax Bills Across Brush, Colorado
In Brush, located in Morgan County, CO, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is a percentage of the market value of your property, which is determined by the county assessor. For example, a home with a median price of $187,825 will have its value assessed to calculate the tax bill. The local tax rate is applied to this assessed value to determine the annual tax bill. Homeowners in Brush can expect tax bills that vary significantly. At the 25th percentile, the tax bill is around $782, while at the 75th percentile, it reaches approximately $1,896. For those at the 90th percentile, the tax bill can be as high as $2,584. These property taxes contribute to local services and infrastructure, impacting the overall cost of homeownership. Compared to the national median property tax rate of 0.99%, Brush's rates provide a benchmark for understanding local tax obligations.
Average Brush Tax Bill
$1,242
Average Morgan County Tax Bill
$1,191
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Brush, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80723 | $339 | $782 | $1,242 | $1,896 | $2,584 |
Source: Ownwell