Kirk, Colorado Property Taxes
The median property tax rate in Kirk, CO is 0.54%, slightly below the Colorado state median of 0.55% and significantly lower than the national median of 0.99%. With a median home value of $67,870 in Kirk, the typical annual property tax bill amounts to $557, which is well below the national median of $2,690. Property taxes in Kirk are calculated based on the tax assessed value, which is generally lower than the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Kirk'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 Kirk 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
Kirk, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.54%
Estimate Property Tax Bill
$366
Ownwell’s Kirk Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Kirk. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Kirk to provide an accurate estimate of your property tax bill. This user-friendly tool offers a clear understanding of your potential tax liabilities. For those interested in more detailed insights, localized trends are available further down the page. Your property’s assessed value, determined by the county, is crucial for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Kirk, Colorado
Property taxes in Kirk, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kirk is 0.54%, which is lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Kirk set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kirk 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 Kirk's effective property tax rate to other counties in Colorado and the national median. For comparison, the zip code 80824 has the highest median property tax rate of 0.54%, while the same zip code also has the lowest median tax rate of 0.54%. Understanding how these cities compare with Kirk 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 Kirk 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 Kirk, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80824 | 0.31% | 0.54% | 0.54% | 0.87% | 2.26% |
Source: Ownwell
Property Tax Assessment Values Across Kirk, Colorado
In Kirk, 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 Kirk, 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 Kirk helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 80824 has the highest and lowest median tax bill, both at $557, indicating a uniformity in property tax assessments within the area.
Average Kirk Assessed Value
$67,870
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 Kirk, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80824 | $10,212 | $29,370 | $67,870 | $173,555 | $280,408 |
Source: Ownwell
Property Tax Bills Across Kirk, Colorado
Property tax bills in Kirk, located in Yuma County, CO, are determined based on the assessed value of the property. The assessed value is a percentage of the property's market value, which is determined by the county assessor. Several factors influence the assessed value, including the property's size, location, and condition. Once the assessed value is established, it is multiplied by the local tax rate to calculate the tax bill. In Kirk, the property tax rate is relatively low compared to the national median property tax rate of 0.99%. For instance, the 25th percentile of tax bills is $177, while the 75th percentile reaches $1,395. The highest median tax bill in the area is $557, which is significantly lower than in many other regions. This lower tax burden can be beneficial for homeowners, making it more affordable to own property in Kirk. However, it also means that local governments may have less revenue for public services, which can impact community resources and infrastructure.
Average Kirk Tax Bill
$557
Average Yuma County Tax Bill
$763
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Kirk, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80824 | $92 | $177 | $557 | $1,395 | $5,177 |
Source: Ownwell