Wolcott Area, Eagle County, Colorado Property Taxes

Name: Property Tax Bills Across Wolcott Area, Eagle County, Colorado
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median WOLCOTT AREA, CO effective property tax rate: 0.49%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%.
Median WOLCOTT AREA, CO home value: $927,100
Median annual WOLCOTT AREA, CO tax bill: $4,971, $2,571 higher than the national median property tax bill of $2,400.

How are property taxes in Eagle calculated?

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

Last Updated March 1, 2025

Wolcott Area, Eagle County, Colorado Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.4%

Estimate Property Tax Bill

$7,308

$6,782

Ownwell’s Wolcott Area Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in the Wolcott Area with just two data points. By entering your property's estimated assessed value, our calculator applies the Wolcott Area’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 Eagle County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Wolcott 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. This calculation results 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. Below, you can compare Wolcott Area’s effective property tax rate to other cities in Colorado and the median property tax rates in Colorado and the U.S. The Wolcott Area in Eagle County has a notably lower property tax rate compared to the national median. This can be appealing for homeowners seeking lower property tax bills. The area's tax rate is also below the state median, offering a financial advantage to residents. Lower property taxes can contribute to overall affordability, making the Wolcott Area a potentially attractive location for prospective homeowners. Understanding these differences in property tax rates can be crucial for making informed decisions when purchasing property.

Property Tax Rates Across Wolcott Area, Eagle County, Colorado

Source: Ownwell

0.28%

0.42%

0.56%

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 Wolcott Area Tax Rate

0.40%

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 Wolcott Area, Eagle County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile

Source: Ownwell

Property Tax Assessment Values Across Wolcott Area, Eagle County, Colorado

When examining property taxes in Wolcott 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 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 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 Wolcott Area. For example, the median home price in Wolcott Area is $927,100, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Wolcott Area, Eagle County, Colorado

Source: Ownwell

$37,550

$1,115,095

$2,192,640

Median Wolcott Area Market Value

$1,827,080

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 Wolcott Area, Eagle County, Colorado

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile

Source: Ownwell

Property Tax Bills Across Wolcott Area, Eagle County, Colorado

In the Wolcott 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. With a median home price of $927,100, the tax bill can vary significantly. Homeowners in the 25th percentile pay around $3,294, while those in the 75th percentile face tax bills of approximately $8,660. At the 90th percentile, tax bills can reach $11,108. These figures highlight the importance of understanding how property taxes can impact homeowners financially. The assessed value is influenced by market trends and property characteristics, and is multiplied by the local tax rate to determine the tax bill. Compared to the national median property tax rate of 1.02% and a median bill of $2,400, the Wolcott area can present a heavier tax burden. Ownwell aids homeowners by identifying potential savings and filing property tax appeals, ensuring they pay only their fair share, potentially alleviating financial strain.

Property Tax Bills Across Wolcott Area, Eagle County, Colorado

Source: Ownwell

$138

$4,321

$8,504

Median Wolcott Area Tax Bill

$8,390

Median Eagle County Tax Bill

$4,478

Median Colorado Tax Bill

$2,732

Median United States Tax Bill

$2,400

Property Tax Bills Across Wolcott Area, Eagle County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile

Source: Ownwell