Del Norte, Colorado Property Taxes
The median property tax rate in Del Norte, CO is 0.51%, considerably lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Del Norte, the typical annual property tax bill reaches $557, significantly under the national median of $2,690. Property taxes in Del Norte 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 Del Norte'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 Del Norte 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
Del Norte, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.51%
Estimate Property Tax Bill
$604
$560
Ownwell’s DEL NORTE Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in DEL NORTE with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in DEL NORTE to provide an estimate of your property tax bill. This valuable tool helps you comprehend potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Del Norte, Colorado
Property taxes in Del Norte, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Del Norte is 0.51%, which is higher than the Colorado state median of 0.48% but still lower than the U.S. national median of 0.99%. Local government entities within Del Norte set these rates annually, and they can vary significantly across different neighborhoods. Each year, Del Norte 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 Del Norte's effective property tax rate to other areas in Colorado and the national median. For comparison, the zip code 81132 has the highest median property tax rate of 0.51%, while the zip code 81144 has the lowest median tax rate of 0.45%. Understanding how these areas compare with Del Norte provides valuable insights into the varying tax landscape across Rio Grande County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Del Norte Tax Rate
0.51%
Average Rio Grande County Tax Rate
0.45%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Del Norte, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81132 | 0.27% | 0.45% | 0.51% | 0.55% | 0.59% |
| 81144 | 0.45% | 0.45% | 0.45% | 0.45% | 0.45% |
Source: Ownwell
Property Tax Assessment Values Across Del Norte, Colorado
In Del Norte, 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 Grande 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 Del Norte, 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 Del Norte helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $558 in the 81132 zip code, while the lowest median tax bill is $466 in the 81144 zip code.
Average Del Norte Assessed Value
$118,380
Average Rio Grande County Assessed Value
$142,738
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Del Norte, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81132 | $17,015 | $61,192 | $118,503 | $201,726 | $305,068 |
| 81144 | $102,757 | $102,757 | $102,757 | $102,757 | $102,757 |
Source: Ownwell
Property Tax Bills Across Del Norte, Colorado
In Del Norte, CO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, a home with a median price of $118,380 will have its assessed value determined by local tax assessors. The property tax rate in Del Norte is then applied to this assessed value to calculate the annual tax bill. Several factors influence the final tax bill, including the home’s location, the local tax rate, and any applicable exemptions. Homeowners in Del Norte can expect their tax bills to vary significantly. For example, the tax bill at the 25th percentile is around $278, while at the 75th percentile, it rises to $989. The highest median tax bill in the area is $558, while the lowest median tax bill is $466. These property taxes fund essential public services, such as schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Del Norte Tax Bill
$557
Average Rio Grande County Tax Bill
$659
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Del Norte, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81132 | $86 | $277 | $558 | $989 | $1,592 |
| 81144 | $466 | $466 | $466 | $466 | $466 |
Source: Ownwell