Carbondale, Colorado Property Taxes
The median property tax rate in Carbondale, CO is 0.35%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Carbondale at $1,021,670, the typical annual property tax bill reaches $3,536, surpassing the national median of $2,690. Property taxes in Carbondale are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Carbondale'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 Carbondale 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
Carbondale, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.35%
Estimate Property Tax Bill
$3,576
Ownwell’s Carbondale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Carbondale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carbondale 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 Carbondale, Colorado
Property taxes in Carbondale, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Carbondale is 0.42%, which is higher than both the Colorado state median of 0.55% and the U.S. national median of 0.99%. Local government entities within Carbondale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carbondale 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 Carbondale's effective property tax rate to other counties in Colorado and the national median. For comparison, the 81623 zip code has the highest median property tax rate of 0.42%, while the 81656 zip code has the lowest median tax rate of 0.33%. Understanding how these cities compare with Carbondale provides valuable insights into the varying tax landscape across Garfield County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carbondale Tax Rate
0.35%
Average Routt County Tax Rate
0.38%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carbondale, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81623 | 0.35% | 0.35% | 0.35% | 0.35% | 0.35% |
Source: Ownwell
Property Tax Assessment Values Across Carbondale, Colorado
In Carbondale, 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 Routt 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 Carbondale, 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. The median home price here is $1,021,670, leading to a median tax bill of $3,536. Interestingly, the highest and lowest median tax bills are both found in zip code 81623, each at $3,536. 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 Carbondale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Carbondale Assessed Value
$1,021,670
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 Carbondale, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81623 | $1,021,670 | $1,021,670 | $1,021,670 | $1,021,670 | $1,021,670 |
Source: Ownwell
Property Tax Bills Across Carbondale, Colorado
Property tax bills in Carbondale, CO, 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, reflecting current real estate trends. In Carbondale, the median home price stands at $1,021,670, and property tax bills are determined by applying the local tax rate to this assessed value. The tax rate in Carbondale results in a median tax bill of $3,536, which is notably higher than the national median property tax rate of 0.99%. Several factors influence the tax bill, including property location, market conditions, and any applicable exemptions. Homeowners in Carbondale might find their tax bills significantly impacting their annual budget, especially given the high property values in the area. Understanding how these factors interplay can help homeowners anticipate their tax obligations and plan accordingly. The consistency in tax bills, as indicated by the 25th, 75th, and 90th percentiles all being $3,536, shows a uniform application of the tax rate across different property values in the region.
Average Carbondale Tax Bill
$3,536
Average Routt County Tax Bill
$2,259
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Carbondale, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81623 | $3,536 | $3,536 | $3,536 | $3,536 | $3,536 |
Source: Ownwell