Evans, Colorado Property Taxes
The median property tax rate in Evans, CO is 0.48%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With a median home value of $382,618 in Evans, the typical annual property tax bill amounts to $1,817, which is well below the national median of $2,690. Property taxes in Evans are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Evans' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Evans 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
Evans, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.48%
Estimate Property Tax Bill
$1,837
Ownwell’s Evans Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Evans with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Evans 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 Evans, Colorado
Property taxes in Evans, Colorado, play an essential role in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Evans is 0.48%, which is lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Evans set these rates annually, and they can vary significantly across different neighborhoods. Each year, Evans 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 Evans' effective property tax rate to other areas in Weld County and the national median. For comparison, the 80634 zip code has the highest median property tax rate of 0.51%, while the 80620 zip code has the lowest median tax rate of 0.48%. Understanding how these areas compare with Evans 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 Evans Tax Rate
0.48%
Average Weld County Tax Rate
0.49%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Evans, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80620 | 0.40% | 0.46% | 0.48% | 0.50% | 0.58% |
| 80631 | N/A | N/A | N/A | N/A | N/A |
| 80634 | 0.48% | 0.50% | 0.51% | 0.52% | 0.53% |
Source: Ownwell
Property Tax Assessment Values Across Evans, Colorado
In Evans, 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'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 Evans, 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. For instance, the median home price in Evans is $382,618, with tax bills ranging from $1,381 at the 25th percentile to $2,214 at the 90th percentile. The highest median tax bill is $2,103 in the 80634 zip code, while the lowest is $1,797 in the 80620 zip code. By understanding 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 Evans helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Evans Assessed Value
$382,618
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 Evans, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80620 | $87,403 | $311,761 | $380,113 | $415,872 | $445,076 |
| 80631 | N/A | N/A | N/A | N/A | N/A |
| 80634 | $352,744 | $381,579 | $420,814 | $515,025 | $771,069 |
Source: Ownwell
Property Tax Bills Across Evans, Colorado
In Evans, located in Weld County, CO, property tax bills are calculated based on the assessed value of the property, which is a percentage of its market value. The tax rate, or mill levy, is then applied to this assessed value to determine the annual tax bill. Several factors influence this calculation, including the property's location, size, and any applicable exemptions or deductions. For instance, with a median home price of $382,618 in Evans, homeowners can expect a tax bill ranging from $1,381 at the 25th percentile to $2,214 at the 90th percentile. The highest median tax bill recorded in the area is $2,103 in the 80634 zip code, while the lowest is $1,797 in the 80620 zip code. These figures illustrate the variation in property tax obligations across different neighborhoods. Compared to the national median property tax rate of 0.99%, the tax rates in Evans can significantly impact homeowners' financial planning, making it crucial to understand how these factors come together to determine their annual tax liabilities.
Average Evans Tax Bill
$1,817
Average Weld County Tax Bill
$2,133
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Evans, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80620 | $512 | $1,368 | $1,797 | $1,998 | $2,179 |
| 80631 | N/A | N/A | N/A | N/A | N/A |
| 80634 | $1,782 | $1,916 | $2,103 | $2,543 | $4,012 |
Source: Ownwell