Elbert, El Paso County, Colorado Property Taxes
Median Elbert, CO effective property tax rate: 0.48%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%.
Median Elbert, CO home value: $489,618
Median annual Elbert, CO tax bill: $2,246, $154 lower than the national median property tax bill of $2,400.
How are property taxes in El Paso calculated?
Property taxes in Elbert, 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 Elbert’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Elbert, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Elbert, El Paso County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.45%
Estimate Property Tax Bill
$3,118
$2,893
$1,102
Average Tax Savings
Property Tax Rates Across Elbert, El Paso County, Colorado
Local government entities are responsible for setting tax rates, which can differ significantly across a state. This occurs because each county annually estimates the budget needed to provide community services and divides that by the total assessed value of all taxable properties within its jurisdiction. This process results in the property tax rate. Votes and laws play a role in determining these tax rates and budgets, but this is the basic annual procedure.
In Elbert, located in El Paso County, Colorado, the effective property tax rate is a point of interest. When compared to other cities in Colorado, Elbert's rate stands out. The median property tax rate in Colorado is lower than the national median of 1.02%. This makes Elbert an attractive location for property owners looking to minimize their tax burden. Understanding these rates is crucial for property owners aiming to make informed decisions about their investments. By comparing Elbert’s effective property tax rate to other cities in Colorado and the national median, property owners can better assess the potential financial impact of their property investments.
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 Elbert Tax Rate
0.45%
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 Paso County Tax Rate
0.38%
Median Effective Colorado Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Elbert, El Paso County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80106 | 0.40% | 0.43% | 0.45% | 0.46% | 0.47% |
Source: Ownwell
$1,102
Average Elbert Tax Savings
Save on Your Property Taxes and More With Ownwell
Property Tax Assessment Values Across Elbert, El Paso County, Colorado
When examining property taxes in Elbert, Colorado, 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 El Paso 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 El Paso 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 Elbert.
For example, the median home price in Elbert is $489,618, with tax bills ranging significantly across the county. Zip code 80106 has the highest median home price at $489,920.
Property Tax Assessment Values Across Elbert, El Paso County, Colorado
Source: Ownwell
$336,566
$537,650
$738,734
Median Elbert Market Value
$692,848
Median El Paso County Market Value
$442,992
Median Colorado Market Value
$519,879
Median United States Market Value
$235,294
Property Tax Assessment Values Across Elbert, El Paso County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80106 | $535,642 | $607,267 | $692,848 | $787,210 | $877,572 |
Source: Ownwell
$1,102
Average Elbert Tax Savings
Save on Your Property Taxes and More With Ownwell
Property Tax Bills Across Elbert, El Paso County, Colorado
In Elbert, located in El Paso County, CO, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the property's market value. Various factors, such as property location, size, and improvements, influence this market value. Homeowners in Elbert typically face a median property tax bill of $2,249, which is slightly below the national median of $2,400. However, tax bills can range significantly, with the 25th percentile at $1,830 and the 90th percentile reaching as high as $3,138. This variability can affect homeowners' financial planning and budgeting.
Ownwell assists homeowners in Elbert by offering property tax appeal and exemption services. By analyzing property assessments and market conditions, Ownwell identifies opportunities for reducing tax liabilities. Our team works diligently to ensure that homeowners pay only their fair share, potentially resulting in substantial savings. This not only alleviates financial burdens but also provides peace of mind, allowing homeowners to focus on other priorities.
Median Elbert Tax Bill
$3,062
Median El Paso County Tax Bill
$1,745
Median Colorado Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Elbert, El Paso County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80106 | $2,257 | $2,627 | $3,062 | $3,558 | $4,076 |
Source: Ownwell
$1,102
Average Elbert Tax Savings
Save on Your Property Taxes and More With Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 9 |
Links | |
|---|---|
| El Paso Tax Assessor | |
| Website | property.spatialest.com |
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