Eckley, Colorado Property Taxes
The median property tax rate in Eckley, CO is 0.65%, which is lower than the national median of 0.99% but higher than the Colorado state median of 0.55%. With a median home value of $47,750 in Eckley, the typical annual property tax bill amounts to $394, significantly below the national median of $2,690. Property taxes in Eckley are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Eckley'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 Eckley or another part of Yuma County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Eckley, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$310
Ownwell’s Eckley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eckley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eckley 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 Eckley, Colorado
Property taxes in Eckley, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eckley is 0.65%, lower than the U.S. national median of 0.99%. Local government entities within Eckley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eckley 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 Eckley's effective property tax rate to other areas in Colorado and the national median. For comparison, the 80727 zip code has the highest median property tax rate of 0.65%, while the same zip code also has the lowest median tax rate of 0.65%. Understanding how these areas compare with Eckley provides valuable insights into the varying tax landscape across Yuma County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eckley Tax Rate
0.65%
Average Yuma County Tax Rate
0.67%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eckley, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80727 | 0.40% | 0.58% | 0.65% | 0.65% | 1.76% |
Source: Ownwell
Property Tax Assessment Values Across Eckley, Colorado
In Eckley, 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 Yuma 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 Eckley, 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 Eckley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 80727 has the highest and lowest median tax bill, both at $394.
Average Eckley Assessed Value
$47,750
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 Eckley, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80727 | $5,858 | $12,740 | $47,750 | $122,215 | $253,060 |
Source: Ownwell
Property Tax Bills Across Eckley, Colorado
In Eckley, located 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 median home price in Eckley is $47,750. Property taxes are then applied to this assessed value using the local tax rate. For homeowners in Eckley, the tax bill can vary significantly. For example, the 25th percentile tax bill is $176, while the 75th percentile tax bill reaches $843, and the 90th percentile can go as high as $3,068. These variations are influenced by factors such as property size, improvements, and local tax rates. The median tax bill in Eckley is $394, which is considerably lower than the national median property tax rate of 0.99%. This lower tax burden can be beneficial for homeowners, making it more affordable to maintain property ownership in the area.
Average Eckley Tax Bill
$394
Average Yuma County Tax Bill
$763
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Eckley, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80727 | $63 | $176 | $394 | $843 | $3,068 |
Source: Ownwell