Saguache, Colorado Property Taxes
The median property tax rate in Saguache, CO is 0.71%, which is lower than the national median of 0.99% but higher than the Colorado state median of 0.55%. With a median home value of $55,502 in Saguache, the typical annual property tax bill amounts to $344, significantly below the national median of $2,690. Property taxes in Saguache are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, including primary residence and agricultural exemptions. Understanding Saguache'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 Saguache or another part of the county, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Saguache, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.71%
Estimate Property Tax Bill
$394
$366
Ownwell’s Saguache Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saguache with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saguache 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 Saguache, Colorado
Property taxes in Saguache, Colorado, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Saguache is 0.71%, which is significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Saguache set these rates annually, and they can vary across different neighborhoods. Each year, Saguache 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 Saguache's effective property tax rate to other counties in Colorado and the national median. For comparison, the 81149 zip code has the highest median property tax rate of 0.71%, while the same zip code also has the lowest median tax rate of 0.71%. Understanding how these areas compare with Saguache provides valuable insights into the varying tax landscape across Saguache County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saguache Tax Rate
0.71%
Average Saguache County Tax Rate
0.66%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saguache, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81149 | 0.37% | 0.58% | 0.71% | 0.72% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Saguache, Colorado
In Saguache, 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 Saguache 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 Saguache, 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 in this area is $55,502. The 25th percentile tax bill is $131, while the 75th percentile tax bill is $664, and the 90th percentile tax bill reaches $1,240. The zip code with the highest median tax bill is 81149, with a median tax bill of $344. 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 Saguache helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Saguache Assessed Value
$55,502
Average Saguache County Assessed Value
$49,043
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saguache, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81149 | $5,843 | $19,713 | $55,502 | $100,518 | $180,720 |
Source: Ownwell
Property Tax Bills Across Saguache, Colorado
In Saguache, CO, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The median home price in this area is $55,502. The local tax rate is applied to this assessed value to determine the annual tax bill. For homeowners in Saguache, the tax bills can vary significantly. The 25th percentile tax bill is $131, while the 75th percentile reaches $664, and the 90th percentile peaks at $1240. These tax bills are influenced by several factors, including property value assessments and the local tax rate. Homeowners with higher-valued properties or those located in areas with higher tax rates will see higher tax bills. Compared to the national median property tax rate of 0.99%, Saguache's property tax rates can be seen as relatively moderate. Understanding these factors can help homeowners anticipate their annual tax obligations and budget accordingly.
Average Saguache Tax Bill
$344
Average Saguache County Tax Bill
$305
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Saguache, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81149 | $41 | $131 | $344 | $664 | $1,240 |
Source: Ownwell