Florissant, Colorado Property Taxes
The median property tax rate in Florissant, Colorado is 0.37%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With a median home value of $238,347 in Florissant, the typical annual property tax bill amounts to $847, which is well below the national median of $2,690. Property taxes in Florissant are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Florissant'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 Florissant 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
Florissant, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.37%
Estimate Property Tax Bill
$882
$818
Ownwell’s Florissant Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Florissant with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Florissant to provide a precise estimate of your property tax bill. This invaluable tool helps you gain a clear understanding of potential tax liabilities. For those interested in exploring trends at a neighborhood level, additional localized information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Florissant, Colorado
Property taxes in Florissant, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Florissant is 0.37%, significantly lower than both the Colorado state median of 0.51% and the U.S. national median of 0.99%. Local government entities within Florissant set these rates annually, and they can vary significantly across different neighborhoods. Each year, Florissant 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 Florissant's effective property tax rate to other counties in Colorado and the national median. For comparison, the highest median property tax rate in Colorado is 0.60%, while the lowest median tax rate is 0.20%. Understanding how these cities compare with Florissant provides valuable insights into the varying tax landscape across Park County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Florissant Tax Rate
0.37%
Average Park County Tax Rate
0.44%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Florissant, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80816 | 0.29% | 0.37% | 0.37% | 0.37% | 0.37% |
Source: Ownwell
Property Tax Assessment Values Across Florissant, Colorado
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Florissant, 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 Park 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 Florissant, 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. For instance, the median home price in Florissant is $238,347. The tax bills vary significantly, with the 25th percentile at $629 and the 75th percentile at $1,156. The highest median tax bill is found in the zip code 80816, amounting to $847. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Florissant Assessed Value
$238,347
Average Park County Assessed Value
$344,823
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Florissant, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80816 | $135,280 | $180,526 | $238,347 | $325,508 | $444,745 |
Source: Ownwell
Property Tax Bills Across Florissant, Colorado
In Florissant, CO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. For instance, with a median home price of $238,347, the assessed value is used to calculate the tax bill. The local tax rate is applied to this assessed value to determine the final tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Florissant can expect a range of property tax bills. The 25th percentile tax bill is around $629, while the 75th percentile tax bill is approximately $1,156. For those in the 90th percentile, the tax bill can reach up to $1,566. Compared to the national median property tax rate of 0.99%, Florissant's property taxes reflect the local economic conditions and property values. This variation in tax bills can significantly affect homeowners' annual expenses, impacting their overall financial planning.
Average Florissant Tax Bill
$847
Average Park County Tax Bill
$1,504
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Florissant, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80816 | $487 | $629 | $847 | $1,156 | $1,566 |
Source: Ownwell