Teller County, Colorado Property Taxes
The median property tax rate in Teller County is 0.39%, which is significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Teller County at $324,386, the typical annual property tax bill reaches $1,276, far below the national median of $2,690. Property taxes in Teller County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Teller County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Woodland Park or another part of Teller County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Teller County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.39%
Estimate Property Tax Bill
$1,265
$1,174
Ownwell’s Teller County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Teller County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Teller County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Teller County, Colorado
Property taxes in Teller County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Teller County is 0.39%, which is lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Teller County set these rates annually, and they can vary significantly between different areas within the county. Each year, Teller County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Green Mountain Falls has one of the higher property tax rates in Colorado at 0.57%, while the city of Sedalia boasts one of the lowest at 0.41%. Analyzing how Teller County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Teller County Tax Rate
0.39%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Teller County, Colorado
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cripple Creek | 0.22% | 0.23% | 0.25% | 0.30% | 0.30% |
| Divide | 0.29% | 0.39% | 0.39% | 0.40% | 0.44% |
| Florissant | 0.25% | 0.27% | 0.31% | 0.39% | 0.41% |
| Green Mountain Falls | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% |
| Guffey | N/A | N/A | N/A | N/A | N/A |
| Lake George | 0.26% | 0.39% | 0.39% | 0.39% | 0.39% |
| Sedalia | 0.41% | 0.41% | 0.41% | 0.41% | 0.41% |
| Victor | 0.23% | 0.23% | 0.34% | 0.34% | 0.34% |
| Woodland Park | 0.39% | 0.45% | 0.55% | 0.56% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across Teller County, Colorado
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Teller County, Colorado. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Teller County Appraisal District. The assessed value, however, 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. Assessment notices in Teller County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, property owners in Woodland Park face the highest median tax bill at $1,854, while those in Victor enjoy the lowest at $397. Being aware of these valuation processes in Teller County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Teller County, Colorado
Source: Ownwell
$128,780
$250,608
$372,436
Average Teller County Assessed Value
$324,386
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Teller County, Colorado
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cripple Creek | $69,500 | $123,377 | $192,091 | $277,674 | $381,434 |
| Divide | $183,116 | $250,158 | $339,224 | $434,983 | $558,266 |
| Florissant | $97,338 | $217,342 | $301,398 | $394,822 | $493,868 |
| Green Mountain Falls | $132,479 | $167,593 | $279,388 | $368,834 | $405,160 |
| Guffey | N/A | N/A | N/A | N/A | N/A |
| Lake George | $45,091 | $176,930 | $283,009 | $351,090 | $450,001 |
| Sedalia | $153,978 | $189,466 | $254,172 | $297,444 | $382,022 |
| Victor | $30,807 | $82,964 | $128,780 | $179,884 | $267,011 |
| Woodland Park | $173,791 | $282,597 | $372,427 | $473,447 | $585,515 |
Source: Ownwell
Property Tax Bills Across Teller County, Colorado
In Teller County, CO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in the county is $324,386, and property taxes are then determined by applying the local tax rate to this assessed value. Factors such as the home's location, size, and improvements can influence the assessed value. Homeowners in Teller County can expect a range of tax bills. For instance, those at the 25th percentile might pay around $729, while those at the 75th percentile could see bills as high as $1,909. The highest median tax bill in the county is $1,854 in Woodland Park, whereas Victor has the lowest median tax bill at $397. These variations significantly impact homeowners, with higher tax bills potentially affecting affordability and overall cost of living. Comparing this to the national median property tax rate of 0.99%, Teller County offers a diverse range of tax obligations, reflecting its varied real estate landscape.
Average Teller County Tax Bill
$1,276
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Teller County, Colorado
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cripple Creek | $159 | $272 | $459 | $735 | $1,019 |
| Divide | $564 | $925 | $1,310 | $1,705 | $2,194 |
| Florissant | $317 | $679 | $984 | $1,342 | $1,773 |
| Green Mountain Falls | $750 | $948 | $1,443 | $2,007 | $2,262 |
| Guffey | N/A | N/A | N/A | N/A | N/A |
| Lake George | $168 | $546 | $966 | $1,378 | $1,676 |
| Sedalia | $635 | $782 | $1,049 | $1,227 | $1,577 |
| Victor | $80 | $228 | $397 | $528 | $731 |
| Woodland Park | $782 | $1,337 | $1,854 | $2,404 | $3,043 |
Source: Ownwell
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