Haxtun, Colorado Property Taxes
The median property tax rate in Haxtun, CO is 0.53%, which is notably lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Haxtun at $121,145, the typical annual property tax bill amounts to $784, significantly less than the national median of $2,690. Property taxes in Haxtun are determined based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Haxtun'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 Haxtun or another part of Yuma County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Haxtun, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$642
Ownwell’s Haxtun Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Haxtun with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Haxtun to provide an estimated property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. 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 Haxtun, Colorado
Property taxes in Haxtun, Colorado, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Haxtun is 0.53%, which is significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Haxtun set these rates annually, and they can vary across different neighborhoods. Each year, Haxtun 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 Haxtun's effective property tax rate to other counties in Colorado and the national median. For comparison, the 80731 zip code has the highest median property tax rate of 0.53%, while the same zip code also has the lowest median tax rate of 0.53%. Understanding how these cities compare with Haxtun 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 Haxtun Tax Rate
0.53%
Average Yuma County Tax Rate
0.67%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Haxtun, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80731 | 0.42% | 0.53% | 0.53% | 0.79% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Haxtun, Colorado
In Haxtun, 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 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 Haxtun, 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 Haxtun helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Haxtun is $121,145, with the highest and lowest median tax bills both recorded at $784 in the 80731 zip code.
Average Haxtun Assessed Value
$121,145
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 Haxtun, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80731 | $63,951 | $90,788 | $121,145 | $147,035 | $181,328 |
Source: Ownwell
Property Tax Bills Across Haxtun, Colorado
In Haxtun, 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 Haxtun is $121,145. Property tax rates in the area are applied to this assessed value, resulting in varying tax bills for homeowners. For instance, the 25th percentile tax bill is around $475, while the 75th percentile tax bill reaches $1,042, and the 90th percentile goes up to $1,605. The highest median tax bill recorded in Haxtun's zip code 80731 is $784.00, which is considerably lower than the national median property tax rate of 0.99%. These tax bills take into account factors such as property improvements, neighborhood developments, and local government budgets. For homeowners, understanding these elements is crucial, as they directly influence the annual tax obligations and overall affordability of owning property in Haxtun.
Average Haxtun Tax Bill
$784
Average Yuma County Tax Bill
$763
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Haxtun, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80731 | $429 | $475 | $784 | $1,042 | $1,605 |
Source: Ownwell