El Jebel Area, Eagle County, Colorado Property Taxes
Median EL JEBEL AREA, CO effective property tax rate: 0.56%, significantly lower than the national median of 1.02%, but slightly higher than the Colorado state median of 0.55%. Median EL JEBEL AREA, CO home value: $591,010. Median annual EL JEBEL AREA, CO tax bill: $3,891, $1,491 higher than the national median property tax bill of $2,400.
How are property taxes in Eagle County calculated?
Property taxes in EL JEBEL AREA, 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 AREA’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in EL JEBEL AREA, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
El Jebel Area, 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
$5,767
$5,352
Property Tax Rates Across El Jebel Area, Eagle County, Colorado
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In the EL JEBEL AREA of Eagle County, Colorado, the effective property tax rate is a reflection of this process. With the median property tax rate in Colorado being lower than the national median, residents in this area benefit from comparatively lower property tax burdens. This can be particularly appealing for homeowners when considering that the national median property tax rate is 1.02%.
By comparing EL JEBEL AREA’s effective property tax rate to other cities in Colorado, homeowners can better understand their tax obligations relative to other areas. While property taxes are a significant consideration for any homeowner, the lower rates in this region provide a financial advantage, making it an attractive location for potential buyers.
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 Area 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 Area, Eagle County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across El Jebel Area, Eagle County, Colorado
When examining property taxes in EL JEBEL AREA, 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 AREA. For example, the median home price in EL JEBEL AREA is $591,010, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across El Jebel Area, Eagle County, Colorado
Source: Ownwell
$37,550
$1,115,095
$2,192,640
Median El Jebel Area Market Value
$1,153,375
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 Area, Eagle County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across El Jebel Area, Eagle County, Colorado
In the El Jebel Area of Eagle County, CO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners here typically face a property tax bill that ranges from $1,396 at the 25th percentile to $6,964 at the 90th percentile. This variation is influenced by factors such as the property's location, size, and condition. Compared to the national median property tax bill of $2,400, homeowners in Eagle County may find themselves paying significantly more, especially at the higher percentiles. This can place a substantial financial burden on homeowners, particularly those with properties assessed at higher values.
Ownwell offers a solution by helping homeowners navigate the complexities of property tax appeals and exemptions. By leveraging local expertise and data-driven insights, Ownwell can identify potential savings opportunities, ensuring homeowners only pay their fair share. This service can be instrumental in reducing property tax bills, providing financial relief and peace of mind to property owners in the El Jebel Area.
Median El Jebel Area Tax Bill
$5,401
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 Area, Eagle County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell