Lucerne, Colorado Property Taxes
The median property tax rate in Lucerne, CO is 0.37%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Lucerne, the typical annual property tax bill reaches $710, well below the national median of $2,690. Property taxes in Lucerne are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Lucerne'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 Lucerne 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
Lucerne, Colorado Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$1,100
Ownwell’s Lucerne Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lucerne with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lucerne 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 Lucerne, Colorado
Property taxes in Lucerne, Colorado, are essential in funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Lucerne is 0.39%, significantly lower than both the Colorado state median of 0.52% and the U.S. national median of 0.99%. Local government entities within Lucerne set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lucerne 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 Lucerne's effective property tax rate to other counties in Colorado and the national median. For comparison, the 80401 zip code has the highest median property tax rate of 0.60%, while the 81101 zip code has the lowest median tax rate of 0.25%. Understanding how these cities compare with Lucerne 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 Lucerne Tax Rate
0.37%
Average Weld County Tax Rate
0.49%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lucerne, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80646 | 0.18% | 0.26% | 0.37% | 0.39% | 0.41% |
Source: Ownwell
Property Tax Assessment Values Across Lucerne, Colorado
In Lucerne, 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 Lucerne, 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 Lucerne helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Lucerne is $710 in the 80646 zip code, matching the lowest median tax bill in the same zip code.
Average Lucerne Assessed Value
$206,690
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 Lucerne, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80646 | $149,114 | $183,227 | $206,690 | $275,031 | $314,533 |
Source: Ownwell
Property Tax Bills Across Lucerne, Colorado
In Lucerne, 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. Homeowners in Lucerne can expect their tax bills to be influenced by various factors, including the property's location, size, and any improvements made to it. For example, the median home price in Lucerne is $206,690. Property taxes are then applied to this assessed value at the local tax rate. The tax bill can vary significantly, with the 25th percentile paying around $443, while those in the 75th percentile pay approximately $998. At the 90th percentile, the tax bill can go up to $1,238. Compared to the national median property tax rate of 0.99%, Lucerne's property tax rates are relatively moderate. This impacts homeowners by determining how much they owe annually, affecting their overall housing costs and financial planning.
Average Lucerne Tax Bill
$710
Average Weld County Tax Bill
$2,133
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Lucerne, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80646 | $367 | $443 | $710 | $998 | $1,238 |
Source: Ownwell