Beulah, Colorado Property Taxes
The median property tax rate in Beulah, CO is 0.69%, lower than the national median of 0.99% but higher than the Colorado state median of 0.55%. With the median home value in Beulah at $199,154, the typical annual property tax bill is $1,280, which is below the national median of $2,690. Property taxes in Beulah are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Beulah'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 Beulah or another part of Pueblo County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Beulah, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$1,374
Ownwell’s Beulah Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Beulah with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Beulah to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is the figure assigned by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Beulah, Colorado
Property taxes in Beulah, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Beulah is 0.69%, lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Beulah set these rates annually, and they can vary significantly across different neighborhoods. Each year, Beulah 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 Beulah's effective property tax rate to other areas in Colorado and the national median. For comparison, the 80123 zip code has the highest median property tax rate of 1.57%, while the 81023 zip code has the lowest median tax rate of 0.69%. Understanding how these areas compare with Beulah provides valuable insights into the varying tax landscape across Pueblo County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Beulah Tax Rate
0.69%
Average Pueblo County Tax Rate
0.69%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beulah, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80123 | 1.57% | 1.57% | 1.57% | 1.57% | 1.57% |
| 81023 | 0.42% | 0.61% | 0.69% | 0.70% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Beulah, Colorado
In Beulah, 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 Pueblo 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 Beulah, 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 Beulah helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Beulah, the median home price is $199,154. The zip code with the highest median tax bill is 80123, with a value of $17,177, while the lowest is 81023, with a value of $1,278.
Average Beulah Assessed Value
$199,154
Average Pueblo County Assessed Value
$185,177
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Beulah, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80123 | $1,096,874 | $1,096,874 | $1,096,874 | $1,096,874 | $1,096,874 |
| 81023 | $30,027 | $114,758 | $198,576 | $331,032 | $522,308 |
Source: Ownwell
Property Tax Bills Across Beulah, Colorado
In Beulah, located in Pueblo County, CO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Beulah is $199,154. Property taxes are then determined by applying the local tax rate to this assessed value. Various factors, including property size, location, and any applicable exemptions, play a role in calculating the final tax bill. For instance, the 25th percentile of tax bills in Beulah is $682, while the 75th percentile reaches $2,218, and the 90th percentile can go up to $3,559. These tax bills can significantly impact homeowners, influencing their overall cost of living and financial planning. Compared to the national median property tax rate of 0.99%, Beulah's property taxes can vary widely, reflecting the diverse nature of property values and local tax policies. Understanding these factors is crucial for homeowners to manage their expenses effectively.
Average Beulah Tax Bill
$1,280
Average Pueblo County Tax Bill
$1,150
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Beulah, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80123 | $17,177 | $17,177 | $17,177 | $17,177 | $17,177 |
| 81023 | $270 | $682 | $1,278 | $2,203 | $3,552 |
Source: Ownwell