Joes, Colorado Property Taxes
The median property tax rate in Joes, CO is 0.54%, slightly below both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Joes, the typical annual property tax bill reaches $460, significantly lower than the national median of $2,690. Property taxes in Joes are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Joes'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 Joes 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
Joes, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.54%
Estimate Property Tax Bill
$392
$363
Ownwell’s Joes Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Joes with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Joes 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 Joes, Colorado
Property taxes in Joes, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Joes is 0.54%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Joes set these rates annually, and they can vary significantly across different neighborhoods. Each year, Joes 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 Joes' effective property tax rate to other areas in Colorado and the national median. For comparison, the zip code 80822 has both the highest and lowest median property tax rate of 0.54%. Understanding how these areas compare with Joes 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 Joes Tax Rate
0.54%
Average Yuma County Tax Rate
0.67%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Joes, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80822 | 0.29% | 0.54% | 0.54% | 0.82% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Joes, Colorado
In Joes, 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 Joes, 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 Joes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Joes, the median home price stands at $72,520. Homeowners in the 25th percentile can expect a tax bill around $229, while those in the 75th percentile might see a bill closer to $1,400. The highest and lowest median tax bills both amount to $460 in the 80822 zip code.
Average Joes Assessed Value
$72,520
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 Joes, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80822 | $8,762 | $21,830 | $72,520 | $191,045 | $295,675 |
Source: Ownwell
Property Tax Bills Across Joes, Colorado
In Joes, 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 final tax bill. Factors influencing the tax bill include the home's market value, local assessment rates, and applicable tax exemptions or deductions. For instance, the median home price in Joes is $72,520, resulting in varying tax bills across different percentiles. At the 25th percentile, homeowners might see a tax bill of around $229, while those in the 75th percentile could face bills up to $1,400. The highest tax bills, in the 90th percentile, can reach $3,328. Comparatively, the national median property tax rate is 0.99%, making Joes' tax rates relatively moderate. These property taxes fund essential local services, directly impacting homeowners by influencing the affordability and desirability of living in the area.
Average Joes Tax Bill
$460
Average Yuma County Tax Bill
$763
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Joes, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80822 | $70 | $229 | $460 | $1,400 | $3,328 |
Source: Ownwell