Hartsel, Colorado Property Taxes
The median property tax rate in Hartsel, CO is 0.40%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With a median home value of $296,222 in Hartsel, the typical annual property tax bill is $1,152, well below the national median of $2,690. Property taxes in Hartsel are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hartsel'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 Hartsel or another part of Park County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hartsel, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$1,185
$1,100
Ownwell’s HARTSEL Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in HARTSEL with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in HARTSEL 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 Hartsel, Colorado
Property taxes in HARTSEL, Colorado, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in HARTSEL is 0.40%, which is lower than both the Colorado state median and significantly below the U.S. national median of 0.99%. Local government entities within HARTSEL set these rates annually, and they can vary across different neighborhoods. Each year, HARTSEL 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 HARTSEL's effective property tax rate to other counties in Colorado and the national median. For comparison, the 80449 zip code has both the highest and lowest median property tax rate of 0.40%. Understanding how these areas compare with HARTSEL 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 Hartsel Tax Rate
0.40%
Average Park County Tax Rate
0.44%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hartsel, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80449 | 0.34% | 0.40% | 0.40% | 0.41% | 0.41% |
Source: Ownwell
Property Tax Assessment Values Across Hartsel, Colorado
In Hartsel, 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 Park 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 Hartsel, 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. The median home price in Hartsel is $296,222, with the 25th percentile tax bill at $827 and the 75th percentile at $1,511. The highest and lowest median tax bill in the area is $1,152 in zip code 80449. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hartsel Assessed Value
$296,222
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 Hartsel, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80449 | $136,033 | $215,190 | $296,222 | $380,256 | $467,658 |
Source: Ownwell
Property Tax Bills Across Hartsel, Colorado
In Hartsell, CO, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. This assessed value is a percentage of the property's market value. For homeowners in Hartsell, the median home price is $296,222. Property tax rates in Hartsell, part of Park County, are applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the property's location, any applicable exemptions, and the specific tax rate set by local authorities. For instance, the tax bill at the 25th percentile is $827, while at the 75th percentile, it rises to $1511, and at the 90th percentile, it reaches $1878. Comparatively, the national median property tax rate is 0.99%, making Hartsell's rates relatively competitive. These property taxes fund essential public services, such as schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners in the area.
Average Hartsel Tax Bill
$1,152
Average Park County Tax Bill
$1,504
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Hartsel, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80449 | $514 | $827 | $1,152 | $1,511 | $1,878 |
Source: Ownwell