Fowler, Otero County, Colorado Property Taxes
The median property tax rate in Fowler, CO is 0.58%, slightly higher than the state median of 0.55% but lower than the national median of 0.99%. With the median home value in Fowler at $65,488, the typical annual property tax bill is $352, significantly below the national median of $2,690. Property taxes in Fowler are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Fowler'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 Fowler 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
Fowler, Otero County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.58%
Estimate Property Tax Bill
$380
$352
Ownwell’s Fowler Property Tax Bill Calculator allows homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fowler with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fowler to provide an estimate of your property tax bill. This valuable 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 Fowler, Otero County, Colorado
Property taxes in Fowler, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fowler is 0.58%, significantly lower than the U.S. national median of 0.99%. Local government entities within Fowler set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fowler 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 Fowler's effective property tax rate to other counties in Colorado and the national median. For comparison, the zip code 81039 has both the highest and lowest median property tax rate of 0.58%. Understanding how these cities compare with Fowler provides valuable insights into the varying tax landscape across Otero County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fowler Tax Rate
0.58%
Average Otero County Tax Rate
0.47%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fowler, Otero County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81039 | 0.29% | 0.57% | 0.58% | 0.58% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Fowler, Otero County, Colorado
In Fowler, 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 Otero 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 Fowler, 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 Fowler helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $352.00, found in the zip code 81039.
Property Tax Assessment Values Across Fowler, Otero County, Colorado
Source: Ownwell
$49,806
$71,015
$92,224
Average Fowler Assessed Value
$65,488
Average Otero County Assessed Value
$57,973
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fowler, Otero County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81039 | $23,811 | $36,867 | $65,488 | $103,230 | $168,310 |
Source: Ownwell
Property Tax Bills Across Fowler, Otero County, Colorado
In Fowler, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in Fowler is $65,488. Local tax authorities apply a tax rate to this assessed value to determine the annual tax bill. For example, homeowners in the 25th percentile of tax bills pay around $189, while those in the 75th percentile pay approximately $614. At the higher end, the 90th percentile tax bill reaches $1,296. Several factors influence the final tax bill, including the property's location within Otero County and any applicable exemptions or deductions. These property taxes fund essential services like public schools, infrastructure, and emergency services, impacting the quality of life in the community. Compared to the national median property tax rate of 0.99%, Fowler's tax rates can be considered moderate, offering homeowners a balanced approach to property taxation while ensuring necessary public services are adequately funded.
Average Fowler Tax Bill
$352
Average Otero County Tax Bill
$266
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Fowler, Otero County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81039 | $116 | $189 | $352 | $614 | $1,296 |
Source: Ownwell