Snyder, Morgan County, Colorado Property Taxes
The median property tax rate in Snyder, 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 a median home value of $155,330 in Snyder, the typical annual property tax bill is $1,156, which is below the national median of $2,690. Property taxes in Snyder are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Snyder'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 Snyder 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
Snyder, Morgan County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$1,118
$1,038
Ownwell’s Snyder Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Snyder with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Snyder 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 Snyder, Morgan County, Colorado
Property taxes in Snyder, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Snyder is 0.72%, which is lower than the U.S. national median of 0.99%. Local government entities within Snyder set these rates annually, and they can vary significantly across different neighborhoods. Each year, Snyder 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 Snyder's effective property tax rate to other counties in Colorado and the national median. For comparison, the zip code 80750 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 Snyder 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 Snyder 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 Snyder, Morgan County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80750 | 0.49% | 0.66% | 0.72% | 0.79% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Snyder, Morgan County, Colorado
In Snyder, 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 Morgan 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 Snyder, 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 highest median tax bill in Morgan County is $1,156 in the 80750 zip code, while the lowest is also $1,156 in the same zip code. 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 Snyder helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Snyder, Morgan County, Colorado
Source: Ownwell
$109,470
$202,168
$294,865
Average Snyder Assessed Value
$155,330
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 Snyder, Morgan County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80750 | $16,296 | $70,770 | $155,330 | $292,710 | $402,980 |
Source: Ownwell
Property Tax Bills Across Snyder, Morgan County, Colorado
In Snyder, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Snyder is $155,330. Homeowners' tax bills are influenced by several factors, including the local tax rate and any applicable exemptions. The median property tax rate in Snyder is 0.74%, which is below the national median of 0.99%. For example, a homeowner with a property assessed at the median home price might expect an annual tax bill around $1,150. However, tax bills can vary significantly. At the 25th percentile, the tax bill is approximately $517, while at the 75th percentile, it reaches around $2,082. For those in the 90th percentile, tax bills can climb to $2,911. These variations are due to differences in property values and specific local tax policies. Understanding these factors can help homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Snyder Tax Bill
$1,156
Average Morgan County Tax Bill
$1,191
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Snyder, Morgan County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80750 | $115 | $517 | $1,156 | $2,082 | $2,911 |
Source: Ownwell