Woodland Park, El Paso County, Colorado Property Taxes
Median Woodland Park, CO effective property tax rate: 0.52%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%.
Median Woodland Park, CO home value: $459,112
Median annual Woodland Park, CO tax bill: $2,304, $96 lower than the national median property tax bill of $2,400.
How are property taxes in El Paso County calculated?
Property taxes in Woodland Park, 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 Woodland Park’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Woodland Park, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Woodland Park, El Paso County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.42%
Estimate Property Tax Bill
$2,698
$2,504
$1,102
Average Tax Savings
Property Tax Rates Across Woodland Park, El Paso County, Colorado
Local government entities are responsible for setting tax rates, which can vary significantly even within a single state. Each year, counties estimate their budgetary needs to provide essential services and divide this by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. Although votes and legal regulations play a role in establishing these rates and budgets, this is essentially the annual process.
In Woodland Park, located in El Paso County, the effective property tax rate is notably lower than both the state and national averages. This low rate can be attributed to the specific budgetary and property value calculations made by the local government. When comparing Woodland Park’s rate to other cities within Colorado, it stands as one of the most favorable for property owners. The median property tax rate in Colorado is below the national median of 1.02%, making the state an attractive option for those seeking lower property taxes. Woodland Park exemplifies this trend, offering residents a financial advantage when it comes to property tax obligations.
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 Woodland Park Tax Rate
0.42%
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 Woodland Park, El Paso County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80863 | 0.18% | 0.33% | 0.42% | 0.45% | 0.49% |
| 80819 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$1,102
Average Woodland Park Tax Savings
Save on Your Property Taxes and More With Ownwell
Property Tax Assessment Values Across Woodland Park, El Paso County, Colorado
When examining property taxes in Woodland Park, 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 El Paso County Assessor's Office 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 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 Woodland Park.
For example, the median home price in Woodland Park is $459,112, with tax bills ranging significantly across the county. The 80863 zip code has the highest median home price at $456,715.
Property Tax Assessment Values Across Woodland Park, El Paso County, Colorado
Source: Ownwell
$336,566
$537,650
$738,734
Median Woodland Park Market Value
$642,356
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 Woodland Park, El Paso County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80863 | $229,039 | $400,201 | $647,198 | $880,547 | $1,042,631 |
| 80819 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$1,102
Average Woodland Park Tax Savings
Save on Your Property Taxes and More With Ownwell
Property Tax Bills Across Woodland Park, El Paso County, Colorado
In Woodland Park, CO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The tax rate is then applied to this assessed value to determine the annual tax bill. In this region, homeowners face a median property tax bill of $2,294, which is below the national median of $2,400. However, the tax bill can vary significantly, with the 25th percentile at $1,072 and the 90th percentile reaching $4,209, depending on property values and local levies.
Several factors influence the property tax bill, including changes in the real estate market, local government budgets, and voter-approved measures. For homeowners, these taxes can represent a significant financial burden, impacting monthly budgets and overall affordability.
Ownwell offers assistance to homeowners by providing property tax appeal services, potentially reducing tax bills. By analyzing property assessments and identifying discrepancies, Ownwell helps ensure that homeowners are not overpaying, offering peace of mind and potential savings.
Median Woodland Park Tax Bill
$2,489
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 Woodland Park, El Paso County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80863 | $431 | $1,488 | $2,526 | $3,826 | $4,548 |
| 80819 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$1,102
Average Woodland Park 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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