Creede, Hinsdale County, Colorado Property Taxes
Median Creede, CO effective property tax rate: 0.29%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%.
Median Creede, CO home value: $74,560
Median annual Creede, CO tax bill: $220, $2,180 lower than the national median property tax bill of $2,400.
How are property taxes in Hinsdale County calculated?
Property taxes in Creede, 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 Creede’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Creede, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Creede, Hinsdale County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.29%
Estimate Property Tax Bill
$126
$117
Property Tax Rates Across Creede, Hinsdale County, Colorado
Local government entities set tax rates, which can vary widely within a state. This variance is due to the fact that annually, 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.
In Creede, located in Hinsdale County, Colorado, the effective property tax rate is notably lower than the national median. With the national median property tax rate standing at 1.02%, Creede's rate offers a significant contrast. This lower rate can be particularly appealing to property owners, as it translates to a reduced financial burden compared to other areas.
Comparing Creede’s effective property tax rate to other cities in Colorado and the median property tax rates in Colorado and the U.S. highlights the potential savings for property owners in this region. Understanding these differences can be crucial for prospective property buyers or current owners considering an appeal or exemption.
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 Creede Tax Rate
0.29%
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 Hinsdale County Tax Rate
0.29%
Median Effective Colorado Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Creede, Hinsdale County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81130 | 0.29% | 0.29% | 0.29% | 0.29% | 0.29% |
Source: Ownwell
Property Tax Assessment Values Across Creede, Hinsdale County, Colorado
When examining property taxes in Creede, 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 Hinsdale 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 Hinsdale 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 Creede.
For example, the median home price in Creede is $74,560, with tax bills ranging significantly across the county. Zip code 81130 has the highest median home price at $74,560.
Property Tax Assessment Values Across Creede, Hinsdale County, Colorado
Source: Ownwell
$9,800
$78,640
$147,480
Median Creede Market Value
$43,510
Median Hinsdale County Market Value
$40,760
Median Colorado Market Value
$519,879
Median United States Market Value
$235,294
Property Tax Assessment Values Across Creede, Hinsdale County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81130 | $14,925 | $17,470 | $43,510 | $71,340 | $132,482 |
Source: Ownwell
Property Tax Bills Across Creede, Hinsdale County, Colorado
In Creede, located in Hinsdale County, CO, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The median home price in Creede is $74,560, and property tax bills vary significantly across the region. For instance, while the 25th percentile tax bill is $167, the 75th percentile reaches $290, and the 90th percentile climbs to $382. The highest and lowest median tax bills in the area are both $220, indicating a relatively consistent tax environment within the zip code 81130. Compared to the national median property tax bill of $2,400, homeowners in Creede generally experience lower tax obligations. However, these taxes can still impact homeowners' financial planning.
Ownwell offers valuable assistance by helping homeowners identify potential reductions in their property tax bills through appealing assessments and securing exemptions. By leveraging local expertise, Ownwell can help ensure homeowners pay only their fair share, potentially leading to significant savings and financial relief.
Median Creede Tax Bill
$126
Median Hinsdale County Tax Bill
$153
Median Colorado Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Creede, Hinsdale County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81130 | $43 | $50 | $126 | $203 | $383 |
Source: Ownwell