Lazear, Delta County, Colorado Property Taxes
Median LAZEAR, CO effective property tax rate: 0.43%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%.
Median LAZEAR, CO home value: $106,369
Median annual LAZEAR, CO tax bill: $597, $1,803 lower than the national median property tax bill of $2,400.
How are property taxes in Delta calculated?
Property taxes in LAZEAR, 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 LAZEAR’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in LAZEAR, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lazear, Delta County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.44%
Estimate Property Tax Bill
$431
$400
Property Tax Rates Across Lazear, Delta County, Colorado
Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide services and divides it by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the fundamental annual process.
In Lazear, located in Delta County, Colorado, the effective property tax rate is notably different from other cities in the state. With a median tax rate of 0.43%, Lazear's rate is significantly lower than the national median property tax rate of 1.02%. This offers a distinct advantage for property owners in Lazear, as they benefit from reduced property tax bills compared to the national median of $2,400.
For homeowners in Lazear, this lower tax rate translates into substantial savings, making it an attractive location for property investment. The favorable tax environment not only eases the financial burden on residents but also enhances the appeal of owning property in this region.
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 Lazear Tax Rate
0.44%
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 Delta County Tax Rate
0.44%
Median Effective Colorado Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lazear, Delta County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81420 | 0.26% | 0.42% | 0.44% | 0.44% | 0.44% |
Source: Ownwell
Property Tax Assessment Values Across Lazear, Delta County, Colorado
When examining property taxes in Lazear, 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 Delta County appraisal district 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 Delta County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Lazear. For example, the median home price in Lazear is $106,369, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Lazear, Delta County, Colorado
Source: Ownwell
$97,865
$182,966
$268,066
Median Lazear Market Value
$97,865
Median Delta County Market Value
$217,489
Median Colorado Market Value
$519,879
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lazear, Delta County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81420 | $5,111 | $14,925 | $97,865 | $195,820 | $333,853 |
Source: Ownwell
Property Tax Bills Across Lazear, Delta County, Colorado
Median Lazear Tax Bill
$318
Median Delta County Tax Bill
$892
Median Colorado Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Lazear, Delta County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81420 | $22 | $64 | $318 | $811 | $1,428 |
Source: Ownwell