Johnstown, Colorado Property Taxes
The median property tax rate in Johnstown, CO is 0.55%, aligning with the Colorado state median but notably lower than the national median of 0.99%. With a median home value of $492,852 in Johnstown, the typical annual property tax bill reaches $2,664, just below the national median of $2,690. Property taxes in Johnstown are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Johnstown'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 Johnstown 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
Johnstown, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$2,711
$2,515
Ownwell’s Johnstown Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Johnstown with just two simple data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Johnstown to provide an accurate property tax bill estimate. This valuable tool offers a clear understanding of potential tax liabilities, helping you make informed decisions. For those interested in neighborhood-level trends, additional localized information is available below. Remember, your property’s assessed value is determined by the county for tax calculations and includes any applicable exemptions.
Property Tax Rates Across Johnstown, Colorado
Property taxes in Johnstown, Colorado, play a crucial role in financing essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Johnstown is 0.55%, which is lower than the U.S. national median of 0.99%. Local government entities within Johnstown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Johnstown 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 Johnstown's effective property tax rate to other areas in Weld County and the national median. For comparison, the 80534 zip code has the highest median property tax rate of 0.55%, while the same zip code also has the lowest median tax rate of 0.55%. Understanding how these cities compare with Johnstown 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 Johnstown Tax Rate
0.55%
Average Weld County Tax Rate
0.49%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Johnstown, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80534 | 0.38% | 0.51% | 0.55% | 0.56% | 0.58% |
Source: Ownwell
Property Tax Assessment Values Across Johnstown, Colorado
In Johnstown, 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 Johnstown, 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 Johnstown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 80534, amounting to $2,664, which is considerably higher than the national median property tax rate of 0.99%.
Average Johnstown Assessed Value
$492,852
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 Johnstown, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80534 | $366,532 | $441,805 | $492,852 | $563,753 | $631,624 |
Source: Ownwell
Property Tax Bills Across Johnstown, Colorado
In Johnstown, property tax bills are calculated based on the assessed value of a home, which is determined by the Weld County Assessor's Office. The assessed value is a percentage of the market value of the property, and this figure is then multiplied by the local tax rate. For example, with a median home price of $492,852, homeowners can expect their tax bill to vary significantly based on their property's assessed value and specific circumstances. Factors such as property improvements, neighborhood changes, and market conditions can influence the assessed value. In Weld County, the median property tax bill is approximately $2,664, which is slightly below the national median property tax rate of 0.99%. However, individual tax bills can range widely, with the 25th percentile at $2,284 and the 75th percentile at $3,039. High-end properties may see tax bills around the 90th percentile, reaching up to $3,485. These variations significantly impact homeowners' annual expenses and budgeting.
Average Johnstown Tax Bill
$2,664
Average Weld County Tax Bill
$2,133
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Johnstown, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80534 | $1,595 | $2,284 | $2,664 | $3,039 | $3,485 |
Source: Ownwell