Pierce, Colorado Property Taxes
The median property tax rate in Pierce, CO is 0.33%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With a median home value of $375,915, the typical annual property tax bill in Pierce is $1,174, well below the national median of $2,690. Property taxes in Pierce are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Pierce'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 Pierce 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
Pierce, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.33%
Estimate Property Tax Bill
$1,241
$1,151
Ownwell’s Pierce Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Pierce. By simply entering your property's estimated assessed value, the calculator utilizes the median tax rate in Pierce to provide an accurate estimate of your property tax bill. This valuable resource helps you anticipate potential tax liabilities, ensuring you are well-prepared for future expenses. For those interested in more detailed insights, you can explore neighborhood-level trends by scrolling down. Your property’s assessed value, determined by the county, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Pierce, Colorado
Property taxes in Pierce, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pierce is 0.31%, significantly lower than both the Colorado state median of 0.51% and the U.S. national median of 0.99%. Local government entities within Pierce set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pierce 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 Pierce's effective property tax rate to other counties in Colorado and the national median. For comparison, zip code 80111 has the highest median property tax rate of 0.82%, while zip code 80001 has the lowest median tax rate of 0.24%. Understanding how these cities compare with Pierce 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 Pierce Tax Rate
0.33%
Average Weld County Tax Rate
0.49%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pierce, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80650 | 0.21% | 0.30% | 0.33% | 0.34% | 0.36% |
Source: Ownwell
Property Tax Assessment Values Across Pierce, Colorado
In Pierce, 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 Appraisal District 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 Pierce, 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 Pierce helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in Pierce is $1,174 in the 80650 zip code, while the lowest median tax bill is also $1,174 in the same zip code, highlighting the uniformity within the area.
Average Pierce Assessed Value
$375,915
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 Pierce, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80650 | $250,367 | $329,225 | $375,915 | $468,953 | $507,989 |
Source: Ownwell
Property Tax Bills Across Pierce, Colorado
In Pierce, property tax bills are calculated based on the assessed value of your home, which is determined by the Weld County Assessor's Office. This assessed value is a percentage of the market value of your property. The median home price in Pierce is $375,915. Property tax rates in Pierce are influenced by local government budgets, school districts, and other public services. Homeowners in Pierce can expect their annual property tax bills to vary. The tax bill at the 25th percentile is approximately $907, while at the 75th percentile, it rises to about $1,526. For those in the 90th percentile, the tax bill can be as high as $1,720. These figures indicate that property taxes in Pierce can significantly impact household budgets, especially when compared to the national median property tax rate of 0.99%. Understanding how these taxes are calculated and the factors involved can help homeowners better manage their financial planning.
Average Pierce Tax Bill
$1,174
Average Weld County Tax Bill
$2,133
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Pierce, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80650 | $549 | $907 | $1,174 | $1,526 | $1,720 |
Source: Ownwell