Yuma County, Colorado Property Taxes
The median property tax rate in Yuma County is 0.67%, which is higher than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Yuma County, the typical annual property tax bill reaches $763, which is significantly lower than the national median of $2,690. Property taxes in Yuma County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Yuma County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Yuma or another part of Yuma County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Yuma County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$755
$700
Ownwell’s Yuma County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Yuma County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Yuma County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Yuma County, Colorado
Property taxes in Yuma County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Yuma County is 0.67%, which is lower than the U.S. national median of 0.99%. Local government entities within Yuma County set these rates annually, and they can vary significantly between different areas within the county. Each year, Yuma County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Cope has one of the higher property tax rates in Colorado at 2.25%, while the city of Haxtun boasts one of the lowest at 0.53%. Analyzing how Yuma County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Yuma County Tax Rate
0.67%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Yuma County, Colorado
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Burlington | 0.25% | 0.56% | 0.71% | 1.14% | 2.54% |
| Cope | N/A | N/A | N/A | N/A | N/A |
| Eckley | 0.40% | 0.58% | 0.65% | 0.65% | 1.76% |
| Hale | N/A | N/A | N/A | N/A | N/A |
| Haxtun | N/A | N/A | N/A | N/A | N/A |
| Holyoke | 0.51% | 0.55% | 0.58% | 0.77% | 1.77% |
| Idalia | 0.41% | 0.50% | 0.56% | 1.09% | 2.09% |
| Joes | 0.29% | 0.54% | 0.54% | 0.82% | 1.50% |
| Kirk | 0.31% | 0.54% | 0.54% | 0.87% | 2.26% |
| Laird | N/A | N/A | N/A | N/A | N/A |
| Stratton | N/A | N/A | N/A | N/A | N/A |
| Vernon | 0.55% | 0.55% | 0.70% | 1.05% | 2.89% |
| Wray | 0.34% | 0.55% | 0.67% | 0.67% | 0.72% |
| Yuma | 0.36% | 0.52% | 0.71% | 0.71% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Yuma County, Colorado
In Yuma County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Yuma County Appraisal District. The assessed value, however, 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 Yuma County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. The highest median tax bill in Yuma County is in Cope at $3,794, while the lowest is in Eckley at $394. Being aware of these valuation processes in Yuma County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Yuma County Assessed Value
$112,640
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Yuma County, Colorado
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Burlington | $21,554 | $92,045 | $185,760 | $246,878 | $273,423 |
| Cope | N/A | N/A | N/A | N/A | N/A |
| Eckley | $5,858 | $12,740 | $47,750 | $122,215 | $253,060 |
| Hale | N/A | N/A | N/A | N/A | N/A |
| Haxtun | N/A | N/A | N/A | N/A | N/A |
| Holyoke | $11,580 | $57,770 | $213,230 | $355,980 | $410,128 |
| Idalia | $8,608 | $30,230 | $87,320 | $190,780 | $254,090 |
| Joes | $8,762 | $21,830 | $72,520 | $191,045 | $295,675 |
| Kirk | $10,212 | $29,370 | $67,870 | $173,555 | $280,408 |
| Laird | N/A | N/A | N/A | N/A | N/A |
| Stratton | N/A | N/A | N/A | N/A | N/A |
| Vernon | $13,938 | $43,530 | $100,010 | $193,970 | $316,608 |
| Wray | $12,482 | $56,610 | $121,310 | $220,100 | $328,492 |
| Yuma | $9,750 | $43,730 | $120,990 | $197,645 | $305,190 |
Source: Ownwell
Property Tax Bills Across Yuma County, Colorado
In Yuma County, CO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the tax owed. Various factors such as property type, location, and any applicable exemptions influence the final tax bill. For instance, the median home price in Yuma County is $112,640. Homeowners in the 25th percentile can expect a tax bill of around $355, while those in the 75th percentile might see bills closer to $1,358. At the 90th percentile, the tax bill can reach up to $2,240. Comparatively, the national median property tax rate stands at 0.99%, highlighting the variability in tax burdens across different regions. Residents in Cope face the highest median tax bill at $3,794, while those in Eckley enjoy the lowest at $394. Understanding these factors helps homeowners anticipate and manage their property tax obligations effectively.
Average Yuma County Tax Bill
$763
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Yuma County, Colorado
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Burlington | $405 | $771 | $1,524 | $2,534 | $3,664 |
| Cope | N/A | N/A | N/A | N/A | N/A |
| Eckley | $63 | $176 | $394 | $843 | $3,068 |
| Hale | N/A | N/A | N/A | N/A | N/A |
| Haxtun | N/A | N/A | N/A | N/A | N/A |
| Holyoke | $428 | $938 | $1,575 | $2,203 | $6,330 |
| Idalia | $52 | $281 | $702 | $1,478 | $2,986 |
| Joes | $70 | $229 | $460 | $1,400 | $3,328 |
| Kirk | $92 | $177 | $557 | $1,395 | $5,177 |
| Laird | N/A | N/A | N/A | N/A | N/A |
| Stratton | N/A | N/A | N/A | N/A | N/A |
| Vernon | $179 | $338 | $946 | $1,905 | $7,227 |
| Wray | $127 | $381 | $735 | $1,398 | $2,150 |
| Yuma | $89 | $412 | $831 | $1,318 | $2,097 |
Source: Ownwell