Pueblo West, Colorado Property Taxes
The median property tax rate in Pueblo West, CO is 0.70%, lower than the national median of 0.99% but higher than the Colorado state median of 0.55%. With a median home value of $284,535 in Pueblo West, the typical annual property tax bill amounts to $1,811, well below the national median of $2,690. Property taxes in Pueblo West are calculated based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Pueblo West’s property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in Pueblo West or another part of Pueblo County, grasping the local property tax landscape will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pueblo West, Colorado Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$1,100
Ownwell’s Pueblo West Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pueblo West with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pueblo West 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 Pueblo West, Colorado
Property taxes in Pueblo West, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pueblo West is 0.70%, which is lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Pueblo West set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pueblo West 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 Pueblo West's effective property tax rate to other counties in Colorado and the national median. For comparison, the 81007 zip code has both the highest and lowest median property tax rate of 0.70%. Understanding how these cities compare with Pueblo West 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 Pueblo West Tax Rate
0.70%
Average Pueblo County Tax Rate
0.69%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pueblo West, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81007 | 0.48% | 0.68% | 0.70% | 0.70% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Pueblo West, Colorado
In Pueblo West, 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 Pueblo West, 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 Pueblo West helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Pueblo West is $284,535, with median tax bills ranging from $1,273 at the 25th percentile to $2,967 at the 90th percentile. Interestingly, the highest and lowest median tax bills are both $1,811 in the 81007 zip code.
Average Pueblo West Assessed Value
$284,535
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 Pueblo West, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81007 | $112,292 | $212,590 | $284,535 | $341,990 | $425,991 |
Source: Ownwell
Property Tax Bills Across Pueblo West, Colorado
In Pueblo West, CO, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the property's market value. For example, if the median home price is $284,535, the assessed value will be a fraction of this amount. The tax rate is then applied to this assessed value to calculate the property tax bill. Factors that influence the tax bill include the property's location, market value, and any applicable exemptions. In Pueblo West, the property tax bills vary, with the 25th percentile at $1,273 and the 75th percentile at $2,282. The 90th percentile sees tax bills reaching up to $2,967. The median tax bill in the area is $1,811, which is significantly lower than the national median property tax rate of 0.99%. For homeowners, understanding these factors is crucial as it affects their annual financial planning. Lower property taxes can make homeownership more affordable, but it's essential to stay informed about potential changes in assessed values and tax rates.
Average Pueblo West Tax Bill
$1,811
Average Pueblo County Tax Bill
$1,150
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Pueblo West, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81007 | $475 | $1,273 | $1,811 | $2,282 | $2,967 |
Source: Ownwell