Carr, Colorado Property Taxes
The median property tax rate in Carr, CO is 0.26%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Carr at $313,977, the typical annual property tax bill is approximately $808, well below the national median of $2,690. Property taxes in Carr 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 Carr'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 Carr or another part of Weld County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Carr, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.26%
Estimate Property Tax Bill
$816
$758
Ownwell’s CARR Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in CARR with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in CARR 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 Carr, Colorado
Property taxes in Carr, Colorado, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Carr is 0.26%, significantly lower than both the Colorado state median of 0.52% and the U.S. national median of 0.99%. Local government entities within Carr set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carr 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 Carr's effective property tax rate to other counties in Colorado and the national median. For comparison, the highest median property tax rate in Colorado is 0.82% in Boulder, while the lowest median tax rate is 0.20% in Costilla. Understanding how these cities compare with Carr provides valuable insights into the varying tax landscape across Weld County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carr Tax Rate
0.26%
Average Weld County Tax Rate
0.49%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carr, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80612 | 0.21% | 0.25% | 0.26% | 0.27% | 0.31% |
Source: Ownwell
Property Tax Assessment Values Across Carr, Colorado
In CARR, 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 Weld 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 CARR, 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 CARR helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in CARR are both $808.00 in the 80612 zip code.
Average Carr Assessed Value
$313,977
Average Weld County Assessed Value
$452,949
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carr, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80612 | $213,536 | $288,738 | $313,977 | $354,281 | $380,002 |
Source: Ownwell
Property Tax Bills Across Carr, Colorado
In Carr, located in Weld County, CO, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value and then applies an assessment rate. For residential properties in Colorado, this rate is typically 7.15% of the market value. Once the assessed value is established, the local tax rate, which can vary depending on the specific location within the county, is applied. The median home price in Carr is $313,977, leading to varying tax bills across different percentiles. For instance, homeowners at the 25th percentile pay around $711, while those at the 75th percentile pay approximately $908. At the 90th percentile, the tax bill can reach up to $988. These property taxes fund local services such as schools, roads, and emergency services, directly impacting the quality of life for residents. Comparing these figures to the national median property tax rate of 0.99%, Carr's property tax bills are relatively moderate, offering a balanced cost of living for homeowners.
Average Carr Tax Bill
$808
Average Weld County Tax Bill
$2,133
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Carr, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80612 | $422 | $711 | $808 | $908 | $988 |
Source: Ownwell