Eaton, Colorado Property Taxes
The median property tax rate in Eaton, CO is 0.41%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Eaton at $458,344, the typical annual property tax bill reaches $1,848, which is well below the national median of $2,690. Property taxes in Eaton are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Eaton's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Eaton or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Eaton, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.41%
Estimate Property Tax Bill
$1,879
Ownwell’s Eaton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eaton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eaton 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 Eaton, Colorado
Property taxes in Eaton, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eaton is 0.41%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Eaton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eaton 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 Eaton's effective property tax rate to other counties in Colorado and the national median. For comparison, the 80615 zip code has the highest median property tax rate of 0.41%, while the same zip code also has the lowest median tax rate of 0.41%. Understanding how these cities compare with Eaton 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 Eaton Tax Rate
0.41%
Average Weld County Tax Rate
0.49%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eaton, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80615 | 0.29% | 0.39% | 0.41% | 0.43% | 0.45% |
Source: Ownwell
Property Tax Assessment Values Across Eaton, Colorado
In Eaton, 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 Eaton, 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 Eaton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Eaton are both $1,848, found in zip code 80615.
Average Eaton Assessed Value
$458,344
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 Eaton, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80615 | $314,591 | $380,366 | $458,344 | $547,809 | $685,204 |
Source: Ownwell
Property Tax Bills Across Eaton, Colorado
In Eaton, located in Weld County, CO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the home's market value, and this percentage is set by state law. For example, if the median home price in Eaton is $458,344, the assessed value would be a fraction of this amount. The property tax rate is then applied to the assessed value to calculate the tax bill. In Eaton, the property tax rate is compared to the national median property tax rate of 0.99%. Homeowners in Eaton can expect a tax bill ranging from $1,469 at the 25th percentile to $2,862 at the 90th percentile, with a median tax bill of $1,848. These tax bills can significantly impact homeowners, influencing their overall housing costs and potentially affecting their financial planning. Understanding how these taxes are calculated helps homeowners anticipate their annual expenses and manage their budgets more effectively.
Average Eaton Tax Bill
$1,848
Average Weld County Tax Bill
$2,133
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Eaton, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80615 | $1,100 | $1,469 | $1,848 | $2,242 | $2,862 |
Source: Ownwell