Pine, Colorado Property Taxes
The median property tax rate in Pine, CO is 0.42%, considerably lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Pine at $567,142, the typical annual property tax bill reaches $2,339, slightly below the national median of $2,690. Property taxes in Pine 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 Pine'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 Pine 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
Pine, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.42%
Estimate Property Tax Bill
$2,382
$2,210
Ownwell’s Pine Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pine with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pine 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 Pine, Colorado
Property taxes in Pine, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pine is 0.42%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Pine set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pine 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 Pine's effective property tax rate to other counties in Colorado and the national median. For comparison, the zip code 80470 has the highest median property tax rate of 0.42%, while the same zip code also has the lowest median tax rate of 0.42%. Understanding how these cities compare with Pine 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 Pine Tax Rate
0.42%
Average Park County Tax Rate
0.44%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pine, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80470 | 0.35% | 0.42% | 0.42% | 0.42% | 0.43% |
Source: Ownwell
Property Tax Assessment Values Across Pine, Colorado
In Pine, 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 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 Pine, 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 instance, the highest median property tax bill in Pine is $2,339 in the 80470 zip code, while the lowest median tax bill is also $2,339 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 Pine helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pine Assessed Value
$567,142
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 Pine, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80470 | $329,841 | $442,088 | $567,142 | $691,566 | $833,228 |
Source: Ownwell
Property Tax Bills Across Pine, Colorado
In Pine, 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 home's market value, which in Pine has a median of $567,142. Once the assessed value is established, local tax rates are applied to calculate the annual tax bill. Several factors influence these calculations, including the property's location within Park County and any applicable exemptions. For instance, homeowners in Pine can expect tax bills ranging from $1,766 at the 25th percentile to $2,855 at the 75th percentile, with the 90th percentile reaching up to $3,478. This variability reflects differences in property values and specific tax rates within the area. For homeowners, understanding these factors is crucial as property taxes can significantly impact annual expenses. Compared to the national median property tax rate of 0.99%, Pine's tax rates may offer a different financial landscape, highlighting the importance of accurate assessments and potential appeals to manage costs effectively.
Average Pine Tax Bill
$2,339
Average Park County Tax Bill
$1,504
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Pine, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80470 | $1,340 | $1,766 | $2,339 | $2,855 | $3,478 |
Source: Ownwell