Meeker, Colorado Property Taxes
The median property tax rate in Meeker, CO is 0.42%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With a median home value of $188,125 in Meeker, the typical annual property tax bill is $692, which is well below the national median of $2,690. Property taxes in Meeker are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Meeker'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 Meeker 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
Meeker, 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 Meeker Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Meeker with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Meeker 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 Meeker, Colorado
Property taxes in Meeker, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Meeker is 0.42%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Meeker set these rates annually, and they can vary significantly across different neighborhoods. Each year, Meeker 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 Meeker's effective property tax rate to other counties in Colorado and the national median. For comparison, the 81641 zip code has the highest median property tax rate of 0.42%, while it also has the lowest median tax rate of 0.42%. Understanding how these cities compare with Meeker provides valuable insights into the varying tax landscape across Rio Blanco County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Meeker Tax Rate
0.42%
Average Rio Blanco County Tax Rate
0.43%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Meeker, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81641 | 0.25% | 0.29% | 0.42% | 0.43% | 0.51% |
| 81648 | 0.25% | 0.26% | 0.26% | 0.26% | 0.26% |
Source: Ownwell
Property Tax Assessment Values Across Meeker, Colorado
In Meeker, 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 Rio Blanco 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 Meeker, 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 Meeker helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in the area is $997 in zip code 81648, while the lowest is $692 in zip code 81641.
Average Meeker Assessed Value
$188,125
Average Rio Blanco County Assessed Value
$159,630
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Meeker, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81641 | $34,700 | $118,940 | $188,010 | $268,205 | $394,795 |
| 81648 | $263,952 | $307,815 | $380,920 | $454,025 | $497,888 |
Source: Ownwell
Property Tax Bills Across Meeker, Colorado
In Meeker, located in Rio Blanco County, CO, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax amount. For instance, with a median home price of $188,125, homeowners can expect varying tax bills. The 25th percentile tax bill is around $404, while the 75th percentile reaches $988. At the 90th percentile, it can go up to $1460. These figures illustrate how property taxes can fluctuate based on property value and local tax rates. Compared to the national median property tax rate of 0.99%, Meeker's rates result in relatively moderate tax bills, providing some relief to homeowners. However, understanding these factors is crucial for homeowners to anticipate their financial obligations and plan accordingly.
Average Meeker Tax Bill
$692
Average Rio Blanco County Tax Bill
$651
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Meeker, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81641 | $149 | $404 | $692 | $987 | $1,460 |
| 81648 | $672 | $794 | $997 | $1,199 | $1,321 |
Source: Ownwell