El Jebel, Eagle County, Colorado Property Taxes
Median EL JEBEL, CO effective property tax rate: 0.56%, significantly lower than the national median of 1.02%, but higher than the Colorado state median of 0.55%.
Median EL JEBEL, CO home value: $161,930
Median annual EL JEBEL, CO tax bill: $907, $1,493 lower than the national median property tax bill of $2,400.
How are property taxes in Eagle calculated?
Property taxes in EL JEBEL, 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 EL JEBEL’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in EL JEBEL, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
El Jebel, Eagle County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.5%
Estimate Property Tax Bill
$1,242
$1,153
Property Tax Rates Across El Jebel, Eagle County, Colorado
Local government entities are responsible for setting tax rates, which can differ significantly within a state. This variation arises because each county annually estimates its budget requirements to provide essential services and divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although the process involves votes and legislation, this is the basic annual procedure for setting the rates.
In El Jebel, located in Eagle County, Colorado, the effective property tax rate is notably below the national median rate of 1.02%. This means that property owners in El Jebel benefit from a lower tax burden compared to many other areas across the United States. When comparing El Jebel's rates to other cities within Colorado, it's clear that the region maintains a favorable position for property owners, offering a more affordable tax environment. This can be an attractive aspect for potential homeowners considering a move to this area. Understanding these local tax dynamics is crucial for property owners and buyers alike, as it impacts overall affordability and long-term financial planning.
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 El Jebel Tax Rate
0.50%
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 Eagle County Tax Rate
0.38%
Median Effective Colorado Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across El Jebel, Eagle County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81623 | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% |
Source: Ownwell
Property Tax Assessment Values Across El Jebel, Eagle County, Colorado
When examining property taxes in El Jebel, 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 Eagle 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 Eagle 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 El Jebel.
For example, the median home price in El Jebel is $161,930, with tax bills consistently at $907 across the county. Zip code 81623 has the highest median home price at $161,930.
Property Tax Assessment Values Across El Jebel, Eagle County, Colorado
Source: Ownwell
$37,550
$1,115,095
$2,192,640
Median El Jebel Market Value
$248,460
Median Eagle County Market Value
$1,056,520
Median Colorado Market Value
$519,879
Median United States Market Value
$235,294
Property Tax Assessment Values Across El Jebel, Eagle County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81623 | $191,796 | $248,460 | $248,460 | $248,460 | $248,460 |
Source: Ownwell
Property Tax Bills Across El Jebel, Eagle County, Colorado
In El Jebel, CO, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the property's market value. In El Jebel, the median home price is $161,930, and the property tax bills are consistently around $907 across various percentiles. This amount is significantly lower than the national median property tax bill of $2,400 and is reflective of the region's lower property tax rates compared to the national median rate of 1.02%. Factors influencing the tax bill include the local tax rate and any applicable exemptions or reductions.
For homeowners in El Jebel, these property taxes can represent a manageable annual expense. However, ensuring that your property is assessed accurately is crucial to avoid overpaying. This is where Ownwell can assist. By providing expert property tax appeal and exemption services, Ownwell helps homeowners challenge over-assessments, potentially reducing their tax bills and ensuring they only pay their fair share.
Median El Jebel Tax Bill
$1,243
Median Eagle County Tax Bill
$4,478
Median Colorado Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across El Jebel, Eagle County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81623 | $959 | $1,243 | $1,243 | $1,243 | $1,243 |
Source: Ownwell