Sargents, Colorado Property Taxes
The median property tax rate in Sargents, CO is 0.44%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Sargents at $40,096, the typical annual property tax bill is around $124, which is well below the national median of $2,690. Property taxes in Sargents are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Sargents' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Sargents or another part of the city, being knowledgeable about the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sargents, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.44%
Estimate Property Tax Bill
$176
$164
Ownwell’s SARGENTS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SARGENTS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SARGENTS 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 Sargents, Colorado
Property taxes in Sargents, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sargents is 0.44%, which is lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Sargents set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sargents 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 Sargents' effective property tax rate to other counties in Colorado and the national median. For comparison, the zip code 81248 has both the highest and lowest median property tax rate of 0.44%. Understanding how these areas compare with Sargents 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 Sargents Tax Rate
0.44%
Average Saguache County Tax Rate
0.66%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sargents, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81248 | 0.41% | 0.44% | 0.44% | 0.44% | 0.44% |
Source: Ownwell
Property Tax Assessment Values Across Sargents, Colorado
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Sargents, Colorado. 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 Sargents, 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 Sargents helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $124, found in the zip code 81248.
Average Sargents Assessed Value
$40,096
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 Sargents, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81248 | $5,654 | $18,235 | $40,096 | $76,089 | $168,347 |
Source: Ownwell
Property Tax Bills Across Sargents, Colorado
In Sargents, CO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the final tax bill. Several factors influence the assessed value, including the property's location, size, and condition. For homeowners in Sargents, the median home price is $40,096. The property tax bills can vary significantly, with the 25th percentile at $81 and the 75th percentile at $416, indicating a broad range of tax obligations. The 90th percentile tax bill reaches up to $798, showing that some homeowners may face higher property taxes depending on their property’s assessed value and other influencing factors. Comparatively, the national median property tax rate is 0.99%, which provides a useful benchmark for understanding local tax rates. For residents, understanding these factors is crucial as they impact annual financial planning and the overall cost of homeownership.
Average Sargents Tax Bill
$124
Average Saguache County Tax Bill
$305
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Sargents, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81248 | $23 | $81 | $124 | $416 | $798 |
Source: Ownwell