Greeley, Colorado Property Taxes
The median property tax rate in Greeley, CO is 0.46%, significantly lower than both the national median of 0.99% and Colorado's state median of 0.55%. With a median home value of $392,773 in Greeley, the typical annual property tax bill is $1,703, which is below the national median of $2,690. Property taxes in Greeley are calculated based on the tax assessed value, often less than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Greeley'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 Greeley 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
Greeley, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.46%
Estimate Property Tax Bill
$1,807
$1,677
Ownwell’s Greeley Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Greeley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Greeley to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more detailed trends at the neighborhood level, further localized information is available below. Your property's assessed value is determined by the county for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Greeley, Colorado
Property taxes in Greeley, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Greeley is 0.46%, lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Greeley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greeley 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 Greeley's effective property tax rate to other counties in Colorado and the national median. For comparison, the 80634 zip code has the highest median property tax rate of 0.46%, while the 80631 zip code has the lowest median tax rate of 0.45%. Understanding how these cities compare with Greeley 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 Greeley Tax Rate
0.46%
Average Weld County Tax Rate
0.49%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Greeley, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80631 | 0.32% | 0.43% | 0.45% | 0.48% | 0.51% |
| 80634 | 0.31% | 0.44% | 0.46% | 0.47% | 0.50% |
Source: Ownwell
Property Tax Assessment Values Across Greeley, Colorado
In Greeley, 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 Greeley, 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 Greeley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill is in zip code 80634 at $1,838, while the lowest is in zip code 80631 at $1,521.
Average Greeley Assessed Value
$392,773
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 Greeley, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80631 | $210,460 | $292,006 | $346,549 | $394,592 | $480,006 |
| 80634 | $291,276 | $356,066 | $420,521 | $483,877 | $571,476 |
Source: Ownwell
Property Tax Bills Across Greeley, Colorado
In Greeley, located in Weld County, CO, property tax bills are calculated based on a combination of the assessed value of a home and the local tax rate. The assessed value is a percentage of the market value, which is determined by the county assessor. For instance, if the median home price in Greeley is $392,773, the assessed value would be a portion of that figure. The local tax rate is then applied to this assessed value to determine the tax bill. Various factors such as property improvements, location, and market trends can influence the assessed value. Homeowners in Greeley can expect tax bills to vary significantly, with the 25th percentile tax bill around $1,383 and the 75th percentile reaching approximately $2,090. The highest median tax bill in the area is found in the 80634 zip code at $1,838, while the lowest is in the 80631 zip code at $1,521. These property taxes fund essential local services, impacting community infrastructure and quality of life.
Average Greeley Tax Bill
$1,703
Average Weld County Tax Bill
$2,133
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Greeley, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80631 | $787 | $1,269 | $1,521 | $1,735 | $2,119 |
| 80634 | $1,088 | $1,473 | $1,838 | $2,205 | $2,691 |
Source: Ownwell