Rangely, Colorado Property Taxes
The median property tax rate in Rangely, CO is 0.51%, notably lower than both the national median of 0.99% and the Colorado state median of 0.55%. With a median home value of $124,880 in Rangely, the typical annual property tax bill amounts to $578, significantly below the national median of $2,690. Property taxes in Rangely are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Rangely'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 Rangely 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
Rangely, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.51%
Estimate Property Tax Bill
$637
Ownwell’s Rangely Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rangely with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rangely 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 Rangely, Colorado
Property taxes in Rangely, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rangely is 0.51%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Rangely set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rangely 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 Rangely's effective property tax rate to other areas in Colorado and the national median. For comparison, the zip code 81648 has the highest median property tax rate of 0.51%, while the same zip code also has the lowest median tax rate of 0.51%. Understanding how these cities compare with Rangely 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 Rangely Tax Rate
0.51%
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 Rangely, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81648 | 0.42% | 0.50% | 0.51% | 0.51% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Rangely, Colorado
In Rangely, 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 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 Rangely, 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 Rangely helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Rangely are both $578, found in the 81648 zip code.
Average Rangely Assessed Value
$124,880
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 Rangely, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81648 | $10,742 | $70,525 | $124,880 | $174,535 | $237,763 |
Source: Ownwell
Property Tax Bills Across Rangely, Colorado
In Rangely, situated in Rio Blanco County, CO, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The assessed value is typically a percentage of the market value, and this percentage can vary. Homeowners in Rangely experience property tax bills that reflect a range of values. For instance, the 25th percentile tax bill is around $316, while the 75th percentile reaches approximately $847. Those in the 90th percentile can expect to pay up to $1,196. The median home price in Rangely is $124,880, which provides a basis for understanding these tax bills in context. Compared to the national median property tax rate of 0.99%, Rangely's property tax bills are generally lower, making it an attractive option for homeowners seeking affordability. The tax bill impacts homeowners by contributing to local services such as schools, infrastructure, and emergency services, ensuring the community remains well-supported and maintained.
Average Rangely Tax Bill
$578
Average Rio Blanco County Tax Bill
$651
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Rangely, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81648 | $60 | $316 | $578 | $847 | $1,196 |
Source: Ownwell