Hale, Colorado Property Taxes
The median property tax rate in Hale, CO is 1.56%, considerably higher than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Hale at $136,420, the typical annual property tax bill reaches $1,977, exceeding the national median of $2,690. Property taxes in Hale are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hale's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Hale 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
Hale, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.56%
Estimate Property Tax Bill
$2,128
$1,975
Ownwell’s Hale Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Hale. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Hale to provide an accurate estimate of your property tax bill. This valuable tool offers a clear understanding of your potential tax liabilities. For those interested in more detailed insights at a neighborhood level, additional localized information is available below. Your property’s assessed value, determined by the county, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Hale, Colorado
Property taxes in Hale, Colorado, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hale is 1.56%, significantly higher than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Hale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hale 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 Hale's effective property tax rate to other counties in Colorado and the national median. For comparison, the 80735 zip code has the highest median property tax rate of 1.56%, while the same zip code also has the lowest median tax rate of 1.56%. Understanding how these cities compare with Hale 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 Hale Tax Rate
1.56%
Average Yuma County Tax Rate
0.67%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hale, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80735 | 0.71% | 1.03% | 1.56% | 2.08% | 2.40% |
Source: Ownwell
Property Tax Assessment Values Across Hale, Colorado
In Hale, 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 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 Hale, 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 Hale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Hale is $1,977, found in the 80735 zip code, which also has the lowest median tax bill at $1,977.
Average Hale Assessed Value
$136,420
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 Hale, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80735 | $89,860 | $107,320 | $136,420 | $415,698 | $583,264 |
Source: Ownwell
Property Tax Bills Across Hale, Colorado
In HALE, 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 HALE is $136,420. Local tax authorities determine the assessed value and apply the local tax rate to calculate the annual tax bill. For example, homeowners in the 25th percentile can expect a tax bill around $1,185, while those in the 75th percentile might see bills closer to $2,769. At the higher end, the 90th percentile tax bill reaches approximately $3,244. These tax bills impact homeowners by influencing their overall housing costs. Comparatively, with the national median property tax rate at 0.99%, HALE’s tax rates can vary significantly, affecting affordability and long-term financial planning for residents. The highest and lowest median tax bills in the nearby 80735 zip code are both $1,977, showing some consistency in the region's property tax landscape. Understanding these factors helps homeowners budget effectively and anticipate their annual property tax obligations.
Average Hale Tax Bill
$1,977
Average Yuma County Tax Bill
$763
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Hale, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80735 | $710 | $1,185 | $1,977 | $2,769 | $3,244 |
Source: Ownwell