Clark, Colorado Property Taxes
The median property tax rate in Clark, Colorado is 0.44%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With a median home value of $454,020 in Clark, the typical annual property tax bill amounts to $2,047, which is below the national median of $2,690. Property taxes in Clark are based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Clark's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Clark or elsewhere in Routt County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clark, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.44%
Estimate Property Tax Bill
$1,998
$1,854
Ownwell’s Clark Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Clark. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Clark to provide an accurate estimate of your property tax bill. This tool offers crucial insights into potential tax liabilities, making financial planning easier. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by the county for tax purposes, takes into account any applicable exemptions, ensuring you get a precise estimate.
Property Tax Rates Across Clark, Colorado
Property taxes in Clark, Colorado, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Clark is 0.44%, significantly lower than the U.S. national median of 0.99%. Local government entities in Clark set these rates annually, and they can vary across different neighborhoods. Each year, Clark 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 Clark's effective property tax rate to other areas in Colorado and the national median. For comparison, the zip code 80428 has both the highest and lowest median property tax rate of 0.44%. Understanding how these areas compare with Clark provides valuable insights into the varying tax landscape across Routt County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clark Tax Rate
0.44%
Average Routt County Tax Rate
0.38%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clark, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80428 | 0.43% | 0.44% | 0.44% | 0.49% | 0.52% |
Source: Ownwell
Property Tax Assessment Values Across Clark, Colorado
In Clark, 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 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 Clark, 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. For example, the highest and lowest median tax bills in the area are both $2,047, found in the 80428 zip code. Being aware of these valuation processes in Clark helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Clark Assessed Value
$454,020
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 Clark, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80428 | $116,546 | $297,590 | $454,020 | $658,890 | $959,522 |
Source: Ownwell
Property Tax Bills Across Clark, Colorado
In Clark, CO, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. Factors such as the property's location, size, and improvements influence its market value, which is then assessed by local authorities. The assessed value is multiplied by the local tax rate to calculate the annual property tax bill. For instance, with a median home price of $454,020, homeowners in Clark can expect varying tax bills. The 25th percentile tax bill is approximately $1,343, while the 75th percentile tax bill is around $3,008. At the 90th percentile, the tax bill can reach $4,357. These figures reflect the range of property taxes homeowners might encounter, depending on the assessed value and specific characteristics of their property. Compared to the national median property tax rate of 0.99%, Clark's property taxes can significantly impact homeowners, potentially influencing decisions on purchasing or maintaining property in the area.
Average Clark Tax Bill
$2,047
Average Routt County Tax Bill
$2,259
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Clark, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80428 | $580 | $1,343 | $2,047 | $3,008 | $4,357 |
Source: Ownwell