Kersey, Colorado Property Taxes
The median property tax rate in Kersey, CO is 0.29%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With a median home value of $390,669 in Kersey, the typical annual property tax bill is $1,087, which is substantially below the national median of $2,690. Property taxes in Kersey are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Kersey'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 Kersey 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
Kersey, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.29%
Estimate Property Tax Bill
$1,133
$1,051
Ownwell’s Kersey Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kersey with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kersey 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 Kersey, Colorado
Property taxes in Kersey, Colorado, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Kersey is 0.29%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Kersey set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kersey 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. Understanding how Kersey's effective property tax rate compares to other areas in Weld County and the national median provides valuable insights into the varying tax landscape across the region, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kersey Tax Rate
0.29%
Average Weld County Tax Rate
0.49%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kersey, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80644 | 0.19% | 0.22% | 0.29% | 0.30% | 0.31% |
Source: Ownwell
Property Tax Assessment Values Across Kersey, Colorado
In Kersey, 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 Kersey, 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 Kersey helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 80644 has the highest and lowest median tax bill, both valued at $1087.
Average Kersey Assessed Value
$390,669
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 Kersey, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80644 | $251,020 | $335,314 | $390,669 | $475,168 | $613,848 |
Source: Ownwell
Property Tax Bills Across Kersey, Colorado
In Kersey, located in Weld County, CO, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the market value of the property and then applies an assessment ratio. This ratio is a percentage of the market value that is taxable. For instance, if the median home price in Kersey is $390,669, the assessed value would be a fraction of this amount. The local tax rate, which is applied to the assessed value, determines the final tax bill. In Kersey, the tax bills can vary significantly. Homeowners at the 25th percentile can expect to pay around $893 annually, while those at the 75th percentile might see bills closer to $1,279. At the 90th percentile, tax bills can reach up to $1,535. These figures illustrate how property taxes can impact homeowners differently based on their property’s assessed value. Despite these variations, Kersey's property tax rates are competitive when compared to the national median property tax rate of 0.99%.
Average Kersey Tax Bill
$1,087
Average Weld County Tax Bill
$2,133
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Kersey, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80644 | $645 | $893 | $1,087 | $1,279 | $1,535 |
Source: Ownwell