Keenesburg, Colorado Property Taxes
The median property tax rate in Keenesburg, CO is 0.39%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Keenesburg at $437,895, the typical annual property tax bill amounts to $1,808, which is well below the national median of $2,690. Property taxes in Keenesburg are determined based on the tax assessed value, which is often less than the market value due to exemptions such as the primary residence and agricultural exemptions. Familiarizing yourself with Keenesburg's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Keenesburg or another part of Weld County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Keenesburg, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.39%
Estimate Property Tax Bill
$1,708
Ownwell’s Keenesburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Keenesburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Keenesburg 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 Keenesburg, Colorado
Property taxes in Keenesburg, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Keenesburg is 0.39%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Keenesburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Keenesburg 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 Keenesburg's effective property tax rate to other counties in Colorado and the national median. For comparison, the highest median property tax rate in the region is found in another area, which has the highest median property tax rate of 0.39%, while another area has the lowest median tax rate of 0.39%. Understanding how these cities compare with Keenesburg 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 Keenesburg Tax Rate
0.39%
Average Weld County Tax Rate
0.49%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Keenesburg, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80643 | 0.25% | 0.33% | 0.39% | 0.66% | 0.67% |
Source: Ownwell
Property Tax Assessment Values Across Keenesburg, Colorado
In Keenesburg, 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 Keenesburg, 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 Keenesburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Keenesburg is $437,895, with median tax bills ranging from $1,408 at the 25th percentile to $2,890 at the 75th percentile. The highest and lowest median tax bills are both $1,808, found in the 80643 zip code.
Average Keenesburg Assessed Value
$437,895
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 Keenesburg, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80643 | $342,225 | $416,855 | $437,895 | $487,276 | $562,822 |
Source: Ownwell
Property Tax Bills Across Keenesburg, Colorado
In Keenesburg, Colorado, 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 property's market value, which for Keenesburg has a median home price of $437,895. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Various factors influence the final tax bill, including property characteristics, location, and any applicable exemptions or abatements. For instance, a homeowner in the 25th percentile might pay around $1,408 annually, while those in the 75th percentile could see bills as high as $2,890. The highest median tax bill in the area is $1,808, consistent across the 80643 zip code. Understanding these factors is crucial for homeowners, as property taxes can significantly impact annual expenses. Comparing this to the national median property tax rate of 0.99%, Keenesburg's property tax rates reflect the local economic conditions and funding needs for public services.
Average Keenesburg Tax Bill
$1,808
Average Weld County Tax Bill
$2,133
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Keenesburg, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80643 | $1,063 | $1,408 | $1,808 | $2,890 | $3,109 |
Source: Ownwell