Weldona, Morgan County, Colorado Property Taxes
The median property tax rate in Weldona, 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 $189,995 in Weldona, the typical annual property tax bill is $877, well below the national median of $2,690. Property taxes in Weldona are calculated based on the tax assessed value, which generally falls below the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Weldona's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Weldona or another part of Morgan County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Weldona, Morgan County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.46%
Estimate Property Tax Bill
$874
$811
Ownwell’s Weldona Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Weldona with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Weldona 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 Weldona, Morgan County, Colorado
Property taxes in Weldona, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Weldona 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 Weldona set these rates annually, and they can vary significantly across different neighborhoods. Each year, Weldona 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 Weldona's effective property tax rate to other counties in Colorado and the national median. For comparison, the zip code 80653 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 Weldona 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 Weldona Tax Rate
0.46%
Average Morgan County Tax Rate
0.57%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Weldona, Morgan County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80653 | 0.38% | 0.46% | 0.46% | 0.48% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Weldona, Morgan County, Colorado
In Weldona, 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 Assessor 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 Weldona, 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 Weldona helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 80653 has the same median tax bill of $877, highlighting the uniformity in property tax burdens across the region.
Property Tax Assessment Values Across Weldona, Morgan County, Colorado
Source: Ownwell
$109,470
$202,168
$294,865
Average Weldona Assessed Value
$189,995
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 Weldona, Morgan County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80653 | $4,824 | $43,125 | $189,995 | $328,352 | $430,918 |
Source: Ownwell
Property Tax Bills Across Weldona, Morgan County, Colorado
In Weldona, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The tax rate in Morgan County is applied to this assessed value to determine the annual property tax bill. For homeowners in Weldona, the median home price is $189,995. Property tax bills can vary significantly, with the 25th percentile at $197 and the 75th percentile reaching $1,517. At the 90th percentile, homeowners might face a tax bill as high as $2,329. Several factors influence these tax bills, including changes in property values, local tax rates, and any applicable exemptions. For instance, the highest and lowest median tax bills in the area are both recorded at $877 in the 80653 zip code, indicating some consistency in tax obligations within that region. Compared to the national median property tax rate of 0.99%, Weldona's property tax rates may offer a more affordable option for homeowners, depending on the specific assessed values and exemptions applied.
Average Weldona Tax Bill
$877
Average Morgan County Tax Bill
$1,191
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Weldona, Morgan County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80653 | $22 | $197 | $877 | $1,517 | $2,329 |
Source: Ownwell