Routt County, Colorado Property Taxes
The median property tax rate in Routt County is 0.38%, which is significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Routt County at $507,780, the typical annual property tax bill reaches $2,259, which is below the national median of $2,690. Property taxes in Routt County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Routt County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Steamboat Springs or another part of Routt County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Routt County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.38%
Estimate Property Tax Bill
$1,930
$1,791
Ownwell’s Routt County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Routt County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Routt County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Routt County, Colorado
Property taxes in Routt County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Routt County is 0.38%, which is lower than the U.S. national median of 0.99%. Local government entities within Routt County set these rates annually, and they can vary significantly between different areas within the county. Each year, Routt County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Routt County's effective property tax rate with other regions and the national median. For comparison, the city of Hayden has one of the higher property tax rates in the region at 0.82%, while the city of Clark boasts one of the lowest at 0.44%. Analyzing how Routt County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Routt County Tax Rate
0.38%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Routt County, Colorado
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Carbondale | N/A | N/A | N/A | N/A | N/A |
| Clark | 0.43% | 0.44% | 0.44% | 0.49% | 0.52% |
| Craig | N/A | N/A | N/A | N/A | N/A |
| Hamilton | 0.45% | 0.49% | 0.58% | 0.96% | 1.19% |
| Hayden | 0.45% | 0.54% | 0.82% | 0.82% | 0.82% |
| Mc Coy | 0.40% | 0.40% | 0.40% | 0.49% | 0.78% |
| Oak Creek | 0.46% | 0.57% | 0.65% | 0.68% | 0.68% |
| Phippsburg | 0.35% | 0.53% | 0.53% | 0.53% | 0.82% |
| Slater | N/A | N/A | N/A | N/A | N/A |
| Steamboat Springs | 0.38% | 0.38% | 0.38% | 0.38% | 0.47% |
| Toponas | 0.44% | 0.53% | 0.54% | 0.93% | 1.29% |
| Yampa | 0.32% | 0.53% | 0.64% | 0.64% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Routt County, Colorado
In Routt County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Routt County Appraisal District. The assessed value, however, 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. Assessment notices in Routt County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Carbondale has the highest median tax bill at $3,536, while Phippsburg has the lowest at $1,203. Being aware of these valuation processes in Routt County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Routt County Assessed Value
$507,780
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Routt County, Colorado
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Carbondale | N/A | N/A | N/A | N/A | N/A |
| Clark | $116,546 | $297,590 | $454,020 | $658,890 | $959,522 |
| Craig | N/A | N/A | N/A | N/A | N/A |
| Hamilton | $67,280 | $141,325 | $391,040 | $616,475 | $872,854 |
| Hayden | $35,360 | $163,205 | $249,290 | $352,920 | $431,606 |
| Mc Coy | $40,524 | $151,980 | $496,620 | $832,910 | $1,612,038 |
| Oak Creek | $80,710 | $189,175 | $330,055 | $545,330 | $884,905 |
| Phippsburg | $93,574 | $150,722 | $222,100 | $303,878 | $394,546 |
| Slater | N/A | N/A | N/A | N/A | N/A |
| Steamboat Springs | $243,050 | $382,580 | $599,520 | $970,160 | $1,635,502 |
| Toponas | $71,658 | $108,475 | $230,650 | $488,925 | $1,098,066 |
| Yampa | $19,410 | $125,450 | $202,830 | $291,820 | $526,896 |
Source: Ownwell
Property Tax Bills Across Routt County, Colorado
In Routt County, CO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in the county stands at $507,780. Property tax rates are applied to this assessed value to determine the final tax bill. Homeowners in Routt County can expect significant variation in their tax bills, with the 25th percentile paying around $1,407, while those in the 75th percentile face about $3,702. At the higher end, the 90th percentile sees tax bills as high as $6,272. Several factors influence these tax bills, including the property's location, market conditions, and any applicable exemptions or deductions. For instance, Carbondale has the highest median tax bill at $3,536, while Phippsburg has the lowest at $1,203. Understanding these factors can help homeowners better anticipate their financial obligations. Compared to the national median property tax rate of 0.99%, Routt County's tax rates reflect its unique property values and local government funding needs.
Average Routt County Tax Bill
$2,259
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Routt County, Colorado
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Carbondale | N/A | N/A | N/A | N/A | N/A |
| Clark | $580 | $1,343 | $2,047 | $3,008 | $4,357 |
| Craig | N/A | N/A | N/A | N/A | N/A |
| Hamilton | $487 | $1,340 | $2,121 | $3,726 | $8,602 |
| Hayden | $520 | $1,108 | $1,860 | $2,704 | $3,257 |
| Mc Coy | $432 | $807 | $2,035 | $4,253 | $6,786 |
| Oak Creek | $567 | $1,272 | $2,160 | $3,545 | $5,607 |
| Phippsburg | $441 | $797 | $1,203 | $1,725 | $2,463 |
| Slater | N/A | N/A | N/A | N/A | N/A |
| Steamboat Springs | $980 | $1,515 | $2,421 | $3,981 | $6,742 |
| Toponas | $666 | $1,012 | $1,996 | $3,569 | $7,508 |
| Yampa | $407 | $767 | $1,278 | $1,907 | $3,416 |
Source: Ownwell