Yampa, Routt County, Colorado Property Taxes
The median property tax rate in Yampa, CO is 0.64%, higher than the Colorado state median of 0.55% but lower than the national median of 0.99%. With a median home value of $202,830 in Yampa, the typical annual property tax bill amounts to $1,278, which is below the national median of $2,690. Property taxes in Yampa are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Yampa'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 Yampa or another part of Routt County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Yampa, Routt County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$1,298
$1,205
Ownwell’s Yampa Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Yampa with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Yampa 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 Yampa, Routt County, Colorado
Property taxes in Yampa, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Yampa is 0.64%, lower than the U.S. national median of 0.99%. Local government entities within Yampa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Yampa 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 Yampa's effective property tax rate to other areas in Routt County and the national median. For comparison, the zip code 80483 has both the highest and lowest median property tax rate of 0.64%. Understanding how these areas compare with Yampa 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 Yampa Tax Rate
0.64%
Average Routt County Tax Rate
0.38%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Yampa, Routt County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80483 | 0.32% | 0.53% | 0.64% | 0.64% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Yampa, Routt County, Colorado
In Yampa, 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 Yampa, 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 Yampa helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Yampa is $202,830, with tax bills ranging from $767 at the 25th percentile to $3,416 at the 90th percentile. The highest and lowest median tax bills are both $1,278, found in the 80483 zip code.
Property Tax Assessment Values Across Yampa, Routt County, Colorado
Source: Ownwell
$202,830
$401,175
$599,520
Average Yampa Assessed Value
$202,830
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 Yampa, Routt County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80483 | $19,410 | $125,450 | $202,830 | $291,820 | $526,896 |
Source: Ownwell
Property Tax Bills Across Yampa, Routt County, Colorado
In Yampa, located in Routt County, CO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the home's market value. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For example, with a median home price of $202,830, homeowners in Yampa can expect varying tax bills. The 25th percentile tax bill is around $767, while the 75th percentile tax bill is approximately $1,907. At the 90th percentile, the tax bill can reach up to $3,416. These tax bills impact homeowners by contributing to essential public services such as schools, infrastructure, and emergency services. Comparatively, Yampa's property tax rates can be seen as moderate when compared to the national median property tax rate of 0.99%. Homeowners should be aware of these factors as they significantly affect the overall cost of owning property in the region.
Average Yampa Tax Bill
$1,278
Average Routt County Tax Bill
$2,259
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Yampa, Routt County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80483 | $407 | $767 | $1,278 | $1,907 | $3,416 |
Source: Ownwell