Hartman, Colorado Property Taxes
The median property tax rate in Hartman, CO is 0.66%, which is lower than the national median of 0.99% but higher than the Colorado state median of 0.55%. With a median home value in Hartman of $42,226, the typical annual property tax bill amounts to $278, well below the national median of $2,690. Property taxes in Hartman are calculated based on the tax assessed value, which usually falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Hartman'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 Hartman 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
Hartman, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$279
$259
Ownwell’s Hartman Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hartman with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hartman 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 Hartman, Colorado
Property taxes in Hartman, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hartman is 0.66%, which is lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Hartman set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hartman 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 Hartman's effective property tax rate to other areas in Colorado and the national median. For comparison, the 81043 zip code has the highest median property tax rate of 0.66%, while the same zip code also has the lowest median tax rate of 0.66%. Understanding how these areas compare with Hartman provides valuable insights into the varying tax landscape across Prowers County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hartman Tax Rate
0.66%
Average Prowers County Tax Rate
0.49%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hartman, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81043 | 0.66% | 0.66% | 0.66% | 0.66% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Hartman, Colorado
In Hartman, 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 local 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 Hartman, 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 Hartman helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Hartman are both $278, found in the 81043 zip code.
Average Hartman Assessed Value
$42,226
Average Prowers County Assessed Value
$51,952
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hartman, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81043 | $42,226 | $42,226 | $42,226 | $42,226 | $42,226 |
Source: Ownwell
Property Tax Bills Across Hartman, Colorado
In Hartman, located in Prowers County, CO, property tax bills are calculated based on the assessed value of the property, which is a percentage of the market value. The median home price in Hartman is $42,226. Property taxes are determined by multiplying the assessed value by the local tax rate. The median property tax rate in Hartman is 0.66%, which is below the national median of 0.99%. This results in a median tax bill of $278, which is consistent across the 25th, 75th, and 90th percentiles. Several factors influence the tax bill, including property location, market conditions, and local government budgets. Homeowners in Hartman benefit from relatively low property taxes, which can make homeownership more affordable compared to areas with higher tax rates. However, it is essential for homeowners to stay informed about any changes in local tax rates or property assessments, as these can impact their annual tax obligations significantly.
Average Hartman Tax Bill
$278
Average Prowers County Tax Bill
$253
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Hartman, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81043 | $278 | $278 | $278 | $278 | $278 |
Source: Ownwell