Lochbuie, Weld County, Colorado Property Taxes
The median property tax rate in Lochbuie, CO is 0.32%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Lochbuie at $293,104, the typical annual property tax bill is $895, well below the national median of $2,690. Property taxes in Lochbuie are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Lochbuie'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 Lochbuie 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
Lochbuie, Weld County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.32%
Estimate Property Tax Bill
$938
$870
Ownwell’s Lochbuie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lochbuie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lochbuie 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 Lochbuie, Weld County, Colorado
Property taxes in Lochbuie, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lochbuie is 0.32%, which is significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Lochbuie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lochbuie 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 Lochbuie's effective property tax rate to other counties in Colorado and the national median. For comparison, the highest median property tax rate in Colorado is found in zip code 81657 at 0.81%, while the lowest median tax rate is in zip code 80601 at 0.29%. Understanding how these cities compare with Lochbuie 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 Lochbuie Tax Rate
0.32%
Average Weld County Tax Rate
0.49%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lochbuie, Weld County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80603 | 0.23% | 0.29% | 0.32% | 0.39% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Lochbuie, Weld County, Colorado
In Lochbuie, 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 Lochbuie, 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 Lochbuie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 80603 has the highest and lowest median tax bill, both at $895, with the 25th percentile tax bill at $635 and the 75th percentile at $1240.
Property Tax Assessment Values Across Lochbuie, Weld County, Colorado
Source: Ownwell
$206,690
$587,588
$968,485
Average Lochbuie Assessed Value
$293,104
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 Lochbuie, Weld County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80603 | $119,779 | $232,186 | $293,104 | $396,972 | $478,136 |
Source: Ownwell
Property Tax Bills Across Lochbuie, Weld County, Colorado
In Lochbuie, located in Weld County, CO, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The assessed value is determined by the county assessor's office and reflects the estimated worth of the property. Homeowners in Lochbuie can expect a median home price of $293,104. Property tax rates in Lochbuie are influenced by multiple factors, including local government budgets and school district funding needs. The tax bill for homeowners in Lochbuie varies significantly. For instance, the 25th percentile tax bill is around $635, while those in the 75th percentile pay approximately $1240. The 90th percentile sees tax bills as high as $2803. The median tax bill in the area is $895, which is relatively lower compared to the national median property tax rate of 0.99%. These property tax bills impact homeowners by contributing to local services such as education, infrastructure, and emergency services, ensuring a well-maintained and thriving community.
Average Lochbuie Tax Bill
$895
Average Weld County Tax Bill
$2,133
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Lochbuie, Weld County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80603 | $316 | $635 | $895 | $1,240 | $2,803 |
Source: Ownwell