Fort Lupton, Colorado Property Taxes
The median property tax rate in Fort Lupton, CO is 0.45%, considerably lower than both the national median of 0.99% and the Colorado state median of 0.55%. With a median home value of $400,434 in Fort Lupton, the typical annual property tax bill reaches $1,669, which is significantly below the national median of $2,690. Property taxes in Fort Lupton are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Fort Lupton'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 Fort Lupton 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
Fort Lupton, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.45%
Estimate Property Tax Bill
$1,802
Ownwell’s Fort Lupton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fort Lupton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fort Lupton 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 Fort Lupton, Colorado
Property taxes in Fort Lupton, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fort Lupton is 0.45%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Fort Lupton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fort Lupton 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 Fort Lupton's effective property tax rate to other counties in Colorado and the national median. For comparison, the zip code 80621 has the highest median property tax rate of 0.45%, while the same zip code also has the lowest median tax rate of 0.45%. Understanding how these cities compare with Fort Lupton 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 Fort Lupton Tax Rate
0.45%
Average Weld County Tax Rate
0.49%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fort Lupton, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80621 | 0.23% | 0.29% | 0.45% | 0.48% | 0.52% |
Source: Ownwell
Property Tax Assessment Values Across Fort Lupton, Colorado
In Fort Lupton, 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 Fort Lupton, 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 Fort Lupton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Fort Lupton are both $1,669, found in the 80621 zip code.
Average Fort Lupton Assessed Value
$400,434
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 Fort Lupton, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80621 | $243,528 | $337,856 | $400,434 | $483,817 | $573,195 |
Source: Ownwell
Property Tax Bills Across Fort Lupton, Colorado
Property tax bills in Fort Lupton, Weld County, CO, are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the property's market value, with the current median home price in Fort Lupton being $400,434. Property tax rates are applied to this assessed value to determine the tax bill. For homeowners in Fort Lupton, the median property tax bill is $1,669, which is higher than the national median property tax rate of 0.99%. The tax bill can vary significantly, with the 25th percentile at $1,136 and the 75th percentile at $2,072. At the 90th percentile, homeowners can expect to pay around $2,416. This variability in tax bills reflects differences in property values and specific local tax rates. Understanding these factors is crucial for homeowners as property taxes can significantly impact their annual expenses. Accurate assessments and awareness of local tax rates help homeowners plan and manage their finances effectively.
Average Fort Lupton Tax Bill
$1,669
Average Weld County Tax Bill
$2,133
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Fort Lupton, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80621 | $571 | $1,136 | $1,669 | $2,072 | $2,416 |
Source: Ownwell