Wellington, Colorado Property Taxes
The median property tax rate in Wellington, CO is 0.30%, significantly lower than both the national median of 0.99% and Colorado's state median of 0.55%. With the median home value in Wellington at $711,000, the typical annual property tax bill is $2,126, which is below the national median of $2,690. Property taxes in Wellington 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 Wellington's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to notable annual savings. Whether you're in the heart of Wellington 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
Wellington, 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 Wellington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wellington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wellington 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 Wellington, Colorado
Property taxes in Wellington, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wellington is 0.30%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Wellington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wellington 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 Wellington'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 0.60%, while the lowest median tax rate is in zip code 81611 at 0.20%. Understanding how these cities compare with Wellington 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 Wellington Tax Rate
0.30%
Average Weld County Tax Rate
0.49%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wellington, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80549 | 0.23% | 0.28% | 0.30% | 0.31% | 0.32% |
Source: Ownwell
Property Tax Assessment Values Across Wellington, Colorado
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Wellington, Colorado. 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. Assessment notices in Wellington 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. Wellington's median home price is $711,000, with tax bills in the 25th percentile at $1,829 and in the 75th percentile at $2,198. The highest and lowest median tax bills are both $2,126, found in the 80549 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Wellington Assessed Value
$711,000
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 Wellington, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80549 | $520,332 | $639,000 | $711,000 | $750,000 | $833,487 |
Source: Ownwell
Property Tax Bills Across Wellington, Colorado
In Wellington, CO, property tax bills are calculated based on the assessed value of a home, which is determined by the Weld County Assessor. The assessed value is a percentage of the property's market value, and this percentage is set by state law. Once the assessed value is established, local tax rates, known as mill levies, are applied. These rates are decided by various taxing authorities, including school districts, municipalities, and other local entities. For homeowners in Wellington, the median home price is $711,000. Property tax bills can vary significantly, with the 25th percentile tax bill at $1,829 and the 75th percentile at $2,198. The 90th percentile tax bill reaches $2,525. These figures highlight how property taxes can impact homeowners differently based on their property's assessed value and the applicable mill levies. Comparatively, Wellington's property tax rates and bills can be influenced by the national median property tax rate of 0.99%. This comparison helps homeowners understand how their local tax burden stacks up against the broader national context.
Average Wellington Tax Bill
$2,126
Average Weld County Tax Bill
$2,133
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Wellington, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80549 | $1,187 | $1,829 | $2,126 | $2,198 | $2,525 |
Source: Ownwell