Pritchett, Baca County, Colorado Property Taxes
Median Pritchett, CO effective property tax rate: 0.68%, significantly lower than the national median of 1.02%, but higher than the Colorado state median of 0.55%.
Median Pritchett, CO home value: $23,080
Median annual Pritchett, CO tax bill: $156, $2,244 lower than the national median property tax bill of $2,400.
How are property taxes in Baca County calculated?
Property taxes in Pritchett, CO are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Pritchett’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Pritchett, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Pritchett, Baca County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.65%
Estimate Property Tax Bill
$97
$90
Property Tax Rates Across Pritchett, Baca County, Colorado
Local government entities determine property tax rates, which can vary significantly within a state. Each year, counties estimate their budgetary needs to provide essential services and divide this by the total assessed value of all taxable properties in their jurisdiction. This calculation establishes the property tax rate. While the process involves votes and regulations, this is the fundamental approach to setting tax rates and budgets annually.
In Pritchett, located in Baca County, the effective property tax rate can be compared to other cities across Colorado and the median rates in the state and nationwide. The median property tax rate in Colorado is 0.68%, which is lower than the national median of 1.02%. This indicates that property owners in Pritchett may benefit from relatively lower tax rates compared to the national average. Understanding these variances can help property owners make informed decisions about property investments and financial planning. By appealing or applying for exemptions, property owners may further reduce their tax liabilities, potentially leading to significant savings.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Pritchett Tax Rate
0.65%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Baca County Tax Rate
0.70%
Median Effective Colorado Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Pritchett, Baca County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81064 | 0.44% | 0.65% | 0.65% | 0.65% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Pritchett, Baca County, Colorado
When examining property taxes in Pritchett, CO, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Baca County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Baca County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Pritchett. For example, the median home price in Pritchett is $23,080, with tax bills ranging significantly across the county. 81064 has the highest median home price at $23,080.
Property Tax Assessment Values Across Pritchett, Baca County, Colorado
Source: Ownwell
$14,925
$15,664
$16,402
Median Pritchett Market Value
$14,925
Median Baca County Market Value
$14,925
Median Colorado Market Value
$519,879
Median United States Market Value
$235,294
Property Tax Assessment Values Across Pritchett, Baca County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81064 | $7,695 | $12,259 | $14,925 | $15,755 | $36,973 |
Source: Ownwell
Property Tax Bills Across Pritchett, Baca County, Colorado
In the city of Pritchett, located in Baca County, CO, property tax bills are calculated based on the assessed value of a home. The median home price in this region is $23,080, which contributes to a relatively low property tax burden compared to the national median property tax bill of $2,400. Factors such as the property's location, size, and condition influence the assessed value, which in turn affects the tax bill. For instance, the 25th percentile tax bill is $71, while the 75th percentile reaches $303, and the 90th percentile is $623. This variability highlights the importance of understanding how property assessments impact tax obligations for homeowners.
Ownwell can assist homeowners in Pritchett by offering expert property tax appeal and exemption services. By leveraging their knowledge and experience, Ownwell helps ensure that homeowners are not overpaying on their property taxes and can potentially save significant amounts. This service is invaluable in a region where even small reductions in tax bills can have a meaningful impact on homeowners' finances.
Median Pritchett Tax Bill
$97
Median Baca County Tax Bill
$104
Median Colorado Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Pritchett, Baca County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81064 | $50 | $66 | $97 | $99 | $285 |
Source: Ownwell