Nunn, Colorado Property Taxes
The median property tax rate in Nunn, CO is 0.32%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With a median home value of $350,436 in Nunn, the typical annual property tax bill is around $1,100, which falls well below the national median of $2,690. Property taxes in Nunn are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Nunn'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 Nunn or another part of Weld County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Nunn, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.32%
Estimate Property Tax Bill
$1,121
Ownwell’s Nunn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nunn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nunn 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 Nunn, Colorado
Property taxes in Nunn, Colorado, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Nunn 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 Nunn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nunn 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 Nunn'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 80238, with a rate of 0.72%, while the lowest median tax rate is in zip code 80401, at 0.25%. Understanding how these cities compare with Nunn 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 Nunn 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 Nunn, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80648 | 0.21% | 0.29% | 0.32% | 0.34% | 0.38% |
Source: Ownwell
Property Tax Assessment Values Across Nunn, Colorado
In Nunn, 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 Nunn, 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. The median home price in Nunn is $350,436, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $665, while the 75th percentile tax bill is $1,344. 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 Nunn helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Nunn Assessed Value
$350,436
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 Nunn, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80648 | $175,528 | $266,738 | $350,436 | $415,844 | $511,491 |
Source: Ownwell
Property Tax Bills Across Nunn, Colorado
In Nunn, located in Weld County, CO, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The assessment ratio in Colorado is 7.15%, meaning only a portion of the home's market value is taxed. For instance, a home with a median market value of $350,436 would have an assessed value of approximately $25,050. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Homeowners in Nunn can expect varying tax bills based on their property's value. The tax bill at the 25th percentile is $665, while at the 75th percentile, it rises to $1,344. Homeowners at the 90th percentile face a tax bill of $1,705. These figures show how property values and the corresponding tax rates can significantly impact homeowners' finances. Compared to the national median property tax rate of 0.99%, Nunn’s tax rates offer a competitive landscape, making it a relatively affordable area for property taxes.
Average Nunn Tax Bill
$1,100
Average Weld County Tax Bill
$2,133
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Nunn, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80648 | $370 | $665 | $1,100 | $1,344 | $1,705 |
Source: Ownwell