Kit Carson, Cheyenne County, Colorado Property Taxes

Name: Property Tax Bills Across Kit Carson, Cheyenne County, Colorado
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median KIT CARSON, CO effective property tax rate: 0.55%, significantly lower than the national median of 1.02%, but equal to the Colorado state median of 0.55%.
Median KIT CARSON, CO home value: $42,673
Median annual KIT CARSON, CO tax bill: $330, $2,070 lower than the national median property tax bill of $2,400.

How are property taxes in Cheyenne calculated?

Property taxes in KIT CARSON, 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 KIT CARSON’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in KIT CARSON, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Kit Carson, Cheyenne County, Colorado Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.41%

Estimate Property Tax Bill

$235

$218

Ownwell’s KIT CARSON Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in KIT CARSON with just two data points. By entering your property's estimated assessed value, our calculator applies KIT CARSON’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value—determined by your county—reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in 08017. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Kit Carson, Cheyenne County, Colorado

Local government entities determine property tax rates, which can differ significantly within a state. The annual process involves each county estimating its budget for services and dividing that by the total value of all taxable property within its jurisdiction. This calculation establishes the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the basic annual procedure.

In Kit Carson, located in Cheyenne County, Colorado, the effective property tax rate is 0.55%. This rate is notably lower than the national median property tax rate of 1.02%. Such a comparison highlights the relatively lower property tax burden in Kit Carson compared to other areas. With the national median property tax bill standing at $2400, property owners in Kit Carson benefit from a more favorable tax environment. This can be particularly appealing for those seeking to reduce their property tax expenses while enjoying the services provided by the local government.

Property Tax Rates Across Kit Carson, Cheyenne County, Colorado

Source: Ownwell

0.35%

0.41%

0.46%

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 Kit Carson Tax Rate

0.41%

Median Effective Cheyenne County Tax Rate

0.37%

Median Effective Colorado Tax Rate

0.50%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Kit Carson, Cheyenne County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
80825	0.18%	0.25%	0.41%	0.54%	0.79%

Source: Ownwell

Property Tax Assessment Values Across Kit Carson, Cheyenne County, Colorado

When examining property taxes in Kit Carson, 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 Cheyenne 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. Assessment notices: In Cheyenne 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 Kit Carson. For example, the median home price in Kit Carson is $42,673, with tax bills ranging significantly across the county. Zip code 80825 has the highest median home price at $42,673.

Property Tax Assessment Values Across Kit Carson, Cheyenne County, Colorado

Source: Ownwell

$57,202

$75,516

$93,830

Median Kit Carson Market Value

$57,202

Median Cheyenne County Market Value

$78,386

Median Colorado Market Value

$519,879

Median United States Market Value

$235,294

Property Tax Assessment Values Across Kit Carson, Cheyenne County, Colorado

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
80825	$5,978	$16,302	$57,202	$108,666	$172,536

Source: Ownwell

Property Tax Bills Across Kit Carson, Cheyenne County, Colorado

In Kit Carson, CO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The tax rate is then applied to this assessed value to determine the tax bill. In Kit Carson, the median home price is $42,673, resulting in a range of tax bills. Homeowners in the 25th percentile pay $159, while those in the 75th percentile pay $614. The 90th percentile sees tax bills as high as $1,110. These figures are lower than the national median property tax bill of $2,400. However, even small discrepancies in assessed value can significantly impact tax bills, affecting homeowners' financial planning. Ownwell assists homeowners in Kit Carson by evaluating their property assessments and identifying potential savings. By appealing inaccurate assessments, Ownwell can help reduce tax bills, ensuring homeowners pay only what is fair. This service is invaluable in a region where every dollar counts, providing peace of mind and financial relief.

Property Tax Bills Across Kit Carson, Cheyenne County, Colorado

Source: Ownwell

$177

$347

$516

Median Kit Carson Tax Bill

$177

Median Cheyenne County Tax Bill

$271

Median Colorado Tax Bill

$2,732

Median United States Tax Bill

$2,400

Property Tax Bills Across Kit Carson, Cheyenne County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
80825	$51	$94	$177	$531	$1,003

Source: Ownwell