Fountain, Pueblo County, Colorado Property Taxes
The median property tax rate in Fountain, CO is 0.63%, 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 of $150,007 in Fountain, the typical annual property tax bill amounts to $903, which is significantly below the national median of $2,690. Property taxes in Fountain are determined based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. By understanding Fountain's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're residing in the central area of Fountain or its outskirts, a thorough knowledge of the local property tax system is crucial for maximizing financial benefits.
Last Updated June 14, 2024
Fountain, Pueblo County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$945
$877
Ownwell’s Fountain Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fountain with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fountain 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 Fountain, Pueblo County, Colorado
Property taxes in Fountain, Colorado, are essential in funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Fountain is 0.63%, which is notably lower than the U.S. national median of 0.99%. Local government entities within Fountain set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fountain 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 Fountain's effective property tax rate to other counties in Colorado and the national median. For comparison, the zip code 80817 has the highest median property tax rate of 0.63%, while the same zip code also has the lowest median tax rate of 0.63%. Understanding how these cities compare with Fountain 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 Fountain Tax Rate
0.63%
Average Pueblo County Tax Rate
0.69%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fountain, Pueblo County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80817 | 0.37% | 0.63% | 0.63% | 0.63% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Fountain, Pueblo County, Colorado
In Fountain, 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 Fountain, 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 Fountain helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Fountain both stand at $903.00, specifically in the 80817 zip code.
Property Tax Assessment Values Across Fountain, Pueblo County, Colorado
Source: Ownwell
$91,407
$187,971
$284,535
Average Fountain Assessed Value
$150,007
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 Fountain, Pueblo County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80817 | $13,477 | $45,000 | $150,007 | $214,720 | $277,828 |
Source: Ownwell
Property Tax Bills Across Fountain, Pueblo County, Colorado
In Fountain, property tax bills are determined by several key factors, primarily the assessed value of the property and the local tax rate. The assessed value is a percentage of the property's market value, which is periodically evaluated by the county assessor. For homeowners in Fountain, the median home price is $150,007. The tax rate in Pueblo County is applied to this assessed value to calculate the annual tax bill. Homeowners in Fountain can expect a range of property tax bills. The 25th percentile tax bill is $282, while the 75th percentile reaches $1,317, and the 90th percentile goes up to $1,751. The highest median tax bill in the area is $903, which is significantly lower than the national median property tax rate of 0.99%. These taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life. Understanding these factors can help homeowners anticipate their annual property tax obligations and budget accordingly.
Average Fountain Tax Bill
$903
Average Pueblo County Tax Bill
$1,150
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Fountain, Pueblo County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80817 | $147 | $282 | $903 | $1,317 | $1,751 |
Source: Ownwell