Walsh, Colorado Property Taxes
The median property tax rate in Walsh, CO is 0.44%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Walsh at $52,286, the typical annual property tax bill is $230, well below the national median of $2,690. Property taxes in Walsh are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Walsh'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 Walsh 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
Walsh, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.44%
Estimate Property Tax Bill
$230
$213
Ownwell’s Walsh Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Walsh with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Walsh 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 Walsh, Colorado
Property taxes in Walsh, Colorado, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Walsh is 0.44%, significantly lower than both the Colorado state median of 0.51% and the U.S. national median of 0.99%. Local government entities within Walsh set these rates annually, and they can vary significantly across different neighborhoods. Each year, Walsh 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 Walsh's effective property tax rate to other counties in Colorado and the national median. For comparison, the 81090 zip code has both the highest and lowest median property tax rate of 0.44%. Understanding how these cities compare with Walsh 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 Walsh Tax Rate
0.44%
Average Prowers County Tax Rate
0.49%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Walsh, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81090 | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% |
Source: Ownwell
Property Tax Assessment Values Across Walsh, Colorado
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Walsh, 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 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 Walsh, 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 example, the median home price in Walsh is $52,286, and the median property tax bill is $230. 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 Walsh helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Walsh Assessed Value
$52,286
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 Walsh, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81090 | $52,286 | $52,286 | $52,286 | $52,286 | $52,286 |
Source: Ownwell
Property Tax Bills Across Walsh, Colorado
In Walsh, located in Prowers County, CO, property tax bills are calculated based on the assessed value of a homeowner's property. The assessed value is a percentage of the property's market value, which is determined by the county assessor. For instance, if the median home price in Walsh is $52,286, the assessed value would be a fraction of this amount as defined by local regulations. Once the assessed value is established, the property tax rate is applied to calculate the annual tax bill. In Walsh, the tax bills are notably consistent, with the 25th, 75th, and 90th percentiles all showing a tax bill of $230. This uniformity indicates a stable and predictable tax environment for homeowners. Compared to the national median property tax rate of 0.99%, Walsh’s tax rate appears to be quite favorable. This relatively low and predictable tax bill can significantly ease the financial burden on homeowners, making it an attractive location for property investment.
Average Walsh Tax Bill
$230
Average Prowers County Tax Bill
$253
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Walsh, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81090 | $230 | $230 | $230 | $230 | $230 |
Source: Ownwell