Green Mountain Falls, Colorado Property Taxes
The median property tax rate in Green Mountain Falls, CO is 0.57%, slightly higher than the Colorado state median of 0.55% but still below the national median of 0.99%. With a median home value of $279,388, the typical annual property tax bill in Green Mountain Falls is $1,443, which is significantly lower than the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is generally lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Green Mountain Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Green Mountain Falls or another part of Teller County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Green Mountain Falls, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.57%
Estimate Property Tax Bill
$1,593
Ownwell’s Green Mountain Falls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Green Mountain Falls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Green Mountain Falls 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 Green Mountain Falls, Colorado
Property taxes in Green Mountain Falls, Colorado, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Green Mountain Falls is 0.57%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Green Mountain Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Green Mountain Falls 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 Green Mountain Falls' effective property tax rate to other counties in Colorado and the national median. For comparison, the zip code 80819 has the highest median property tax rate of 0.57%, while the same zip code also has the lowest median tax rate of 0.57%. Understanding how these cities compare with Green Mountain Falls provides valuable insights into the varying tax landscape across Teller County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Green Mountain Falls Tax Rate
0.57%
Average Teller County Tax Rate
0.39%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Green Mountain Falls, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80819 | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% |
Source: Ownwell
Property Tax Assessment Values Across Green Mountain Falls, Colorado
In Green Mountain Falls, 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 Teller County Assessor's Office 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 Green Mountain Falls, 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 Green Mountain Falls helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $279,388, with annual tax bills ranging from $948 at the 25th percentile to $2,262 at the 90th percentile. The zip code 80819 has both the highest and lowest median tax bill at $1,443.
Property Tax Assessment Values Across Green Mountain Falls, Colorado
Source: Ownwell
$128,780
$250,608
$372,436
Average Green Mountain Falls Assessed Value
$279,388
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 Green Mountain Falls, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80819 | $132,479 | $167,593 | $279,388 | $368,834 | $405,160 |
Source: Ownwell
Property Tax Bills Across Green Mountain Falls, Colorado
In Green Mountain Falls, property tax bills are calculated based on the assessed value of the home, which is determined by the county assessor. The assessed value is a percentage of the property's market value. For instance, with a median home price of $279,388, the assessed value is used to calculate the tax bill. The tax rate in Teller County is applied to this assessed value to determine the final tax bill. Several factors influence the tax bill, including the property's location, its market value, and any applicable exemptions or deductions. Homeowners in Green Mountain Falls can expect their tax bills to vary significantly. The 25th percentile tax bill is around $948, while the 75th percentile reaches $2007, and the 90th percentile can go up to $2262. Compared to the national median property tax rate of 0.99%, Green Mountain Falls' tax bills reflect the local economic conditions and property values, impacting homeowners' financial planning and overall cost of living.
Average Green Mountain Falls Tax Bill
$1,443
Average Teller County Tax Bill
$1,276
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Green Mountain Falls, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80819 | $750 | $948 | $1,443 | $2,007 | $2,262 |
Source: Ownwell